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DXC Technology and Aptys Solutions Unite to Revolutionize Payment Systems for U.S. Financial Institutions

In an era where financial technology is evolving at unprecedented rates, DXC Technology, a prominent player on the NYSE (DXC), has announced a strategic partnership with Aptys Solutions, a key provider of integrated payment solutions. This collaboration aims to modernize the payment connectivity framework utilized by American financial institutions, encompassing more than 5,500 banks and credit unions across the country.

The alliance seeks to streamline payment processes and simplify the connection and management of payment services for these institutions. By doing so, it primarily targets improvements in operational efficiency, risk reduction, and the enhancement of user experience for both client and institution members.

A Focus on Unified Payment Systems

Aptys Solutions is known for its unified payment platform, which accommodates various modes of transactions, including ACH (Automated Clearing House) payments, bank transfers, real-time payments via FedNow® and RTP®, image exchanges, and digital channels. The technological synergy between DXC and Aptys leverages Aptys's robust payment connection capabilities and DXC's extensive banking transformation portfolio.

This integration promises to optimize payment processing, improve system interoperability, and lower total ownership costs for participating financial institutions.

Democratizing Access to Cutting-Edge Banking Innovation

One of the foremost goals of the partnership is to democratize access to advanced banking innovations. While Aptys's networking encompasses over 5,500 community banks and credit unions, these institutions often lack access to the cutting-edge capabilities available to larger banks. This partnership empowers financial institutions of all sizes to utilize DXC's innovative tools, including integrated finances, digital assets, and AI-based services, all available seamlessly through Aptys’s payment platform.

Sandeep Bhanote, Global Director and General Manager of Financial Services at DXC, emphasized the need for practical solutions in the realm of payment modernization. He highlighted that financial institutions are exploring ways to modernize payments while managing costs, complexities, and risks. Bhanote stated, "By merging Aptys’s modern payment infrastructure with DXC’s extensive banking operational experience, we support financial institutions in adopting a pragmatic and gradually nuanced approach to modernization."

Enhanced API-Based Connectivity

Aptys Solutions delivers API-based connectivity for various services, including account verification, balance inquiries, directory services, payment initiation, and messaging. Currently, many financial institutions provide these services at a cost, often allowing third-party vendors to access and resell the resultant data for significant profit margins.

The DXC and Aptys partnership is poised to facilitate direct processing among banks, giving institutions the opportunity to maximize the value generated by their own payment infrastructure while minimizing reliance on fintech intermediaries. This shift is anticipated to enhance control and transparency in payment workflows significantly.

Naseer Nasim, CEO of Aptys Solutions, commented on the partnership, stating, “Aptys Solutions enables thousands of financial institutions to deliver faster, smarter, and more secure payment experiences. Our collaboration with DXC brings the scale, reliability, and operational strength necessary for institutions to modernize securely, keeping trust at the heart of every payment relationship.”

Initial Steps and Future Enhancements

The initial phase of the collaboration will focus on enabling core transactions through APIs, utilizing these fundamental use cases to modernize traditional financial infrastructure and optimize service delivery. Future phases plan to include new functionalities such as digital wallets, custody services, and wealth management capabilities.

In a rapidly changing financial landscape, the partnership between DXC Technology and Aptys Solutions signifies a crucial initiative to equip U.S. financial institutions with the tools they need for successful transformation. With the integration of innovative solutions, they will not only enhance their service offerings but also meet the evolving demands of customers in a digital-first world.

About DXC Technology

DXC Technology (NYSE: DXC) stands as a key partner in technology and enterprise innovation. The company provides tailored software, services, and solutions that help global businesses and public sector organizations harness AI to drive rapid results. With vast experience in managed infrastructure services and application modernization, DXC operates some of the world's most complex technology portfolios.

About Aptys Solutions

Aptys Solutions is a leading provider of comprehensive payment technology. Their unified platform facilitates ACH, bank transfers, international payments, checks, and real-time payments through FedNow® and RTP®. More than 5,500 financial institutions depend on Aptys to process billions of dollars in transactions annually, showcasing their commitment to customer-centric innovations that simplify payments and generate new revenue opportunities.

For further information on this collaboration or specifics regarding their services, visit DXC Technology and Aptys Solutions.