ACI Worldwide, an international provider of payment systems, has signed a partner agreement in India with Tata Consultancy Services (TCS), an IT services, consulting and business solutions firm. This agreement will employ the TCS payments centre to deliver the best combination of payments products and services for financial institutions and processors.
ACI Worldwide provides payments solutions for 15 Indian financial institutions, providing functions such as authentication, authorisation, routing, settlement, device driving, merchant acquiring and fraud detection.
Jeremy Wilmot, president of Asia-Pacific at ACI Worldwide, said: “India is one of the most forward-thinking nations when it comes to developing electronic payments, and ACI is proud to play a vital role in that growth. The agreement with TCS will provide additional payments expertise and resources to our 250 employees in the country, and ensure our customers can choose the support that works best for their environment, delivering business agility without compromising trust.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.