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FSS launched AI-powered payment tools at its Mumbai conference, boosting speed, accuracy, and security in India’s digital payments.
Financial Software and Systems (FSS) unveiled AI-driven advancements in digital payments at its Simply Payments 2025 conference in Mumbai, showcasing its Blaze platform and Smart Recon solution.
The company reported over ten new bank contracts in the past year and aims to onboard 150 more banks to its AI-powered reconciliation system by next year, targeting 200 total.
FSS systems now process millions of daily transactions, including 30 million e-commerce payments at one public sector bank, with a payment gateway achieving 250,000 transactions per second in tests.
The technology improves speed, reduces errors, cuts processing time by half, and lowers operating costs by nearly 30%.
Recon.AI enhances dispute resolution and refund cycles, boosting consumer trust.
The event highlighted AI’s role in strengthening India’s digital payments infrastructure through improved governance, security, and real-time processing.
FSS lanzó herramientas de pago impulsadas por IA en su conferencia de Mumbai, aumentando la velocidad, precisión y seguridad en los pagos digitales de la India.