Global payment processing has never been more challenging, with ballooning integration and maintenance costs.Alpha Fintech provides the world’s widest-ranging solution portfolio by continuously integrating dozens of third party provider plugins. On top of these plugins you can build bespoke solutions.
Banking Industry Headaches
Lack of the right product mix, a limited resource pool and prohibitive integration costs delay progress and erode competitiveness
Lack of product and performance scalability
Legacy systems are not agile, nor highly scalable. The slightest change takes months, and is tied to substantial costs.
Mounting IT costs
One product does not equal one API. 100’s or even 1000’s of API’s must be connected and maintained, which alone can account for up to 50% of an IT team’s budget.
Mounting OPS costs
Once an API connection is established, all disparate interfaces, reporting and billing views must be integrated to behave as one cohesive platform. Not doing so results in significant financial leakage.
Slow client onboarding and product launches
Merchant onboarding involves multiple technological and operational tools. A lack of interoperability between these solutions means onboarding can take weeks.
Inability to monetize
With dozens of data and reporting views, being able to clearly survey and act on data in a meaningful way is simply not feasible.
Find out just how much your business can benefit from our PPaaS.
Ross Jackson, BNZ General Manager, Payments and Merchant Services
How Alpha Fintech Can Help
Our payment platform as a service is customized to your requirements , because one size does not fit all
Utilise one interfaceWe don’t simply unite 100’s of APIs across dozens of third party providers, but fuse them into one interface and reporting view, ensuring unprecedented operational simplicity and efficiency.
Free up IT resources and reduce OPEXWith our Payment Platform as a Service, undifferentiated IT heavy lifting is eliminated. Shift your focus to revenue-driving objectives by building unique products easier.
Launch new products rapidlyIf the product provider is part of Alpha’s ecosystem, it takes only minutes to set up. If not, we will integrate them in just weeks, so you never lack a product again.
Monetize hidden data assetsActively identify and prioritize merchants’ financial risk, collect new risk management insights, and leverage your data from acquiring to cross-selling instant SME lending.
Bank of New Zealand (BNZ) - A Case Study
One of New Zealand’s oldest banks and processing one-third of the country’s economy, BNZ decided to modernize. By moving 40,000 merchants from a legacy system to Alpha Fintech’s Microsoft Azure Cloud-based system, we ensured that they would be able to meet any new challenges. Integrating new vendors and services is now easy, and requires no costly maintenance or separate dashboards. Importantly, BNZ has achieved a substantial cost reduction.
- Utilises actionable data intelligence
- Benefits from substantial dollar cost reduction
- Manages merchants much easier than with their old legacy system