Paytech Awards in London 5.7 2019
July 11, 2019 4 minutes read
OpenWay Wins Award for ‘Best Solution Provider for Payment Systems in the Cloud.
OpenWay has been recognized as ‘Best Solution Provider for Payment Systems in the Cloud’ at the PayTech Awards ceremony in London. The company received acclaim for the success of its project with Enfuce, the Nordic cloud-based issuing processor, and for the overall excellence of the WAY4 platform in processing cloud payments.
The PayTech Awards recognize excellence and innovation in the use of IT in the finance and payment industry worldwide. The judges include independent payment experts from banks, payment schemes, consulting companies and media.
According to Accenture, 94% of financial institutions have or are planning to conduct formal analysis of their legacy applications to migrate to the cloud. The number of banks who spend more than 10% of their budget on cloud services is projected to increase by 17% over the next three years. Companies rely on cloud technologies to optimize their operating and maintenance costs, ensure quick onboarding of new clients, and drive payment innovations of every scale and geography. WAY4 is a proven cloud-agnostic platform, meaning that it can be deployed on leading cloud platforms Oracle Cloud, AWS, and Microsoft Azure, as well as others. It is highly scalable for a broad range of processing volumes – from those of small startups to huge portfolios containing millions of cards and wallets, with hundreds of thousands of merchants.
“Collaboration is a core value of Enfuce. We believe that positive change within the payment industry can only be achieved through teamwork. We are happy about the recognition of our successful project with OpenWay and are looking forward to the many future projects that lie ahead of us,” states Monika Liikamaa, Co-founder and Chairman of the Board at Enfuce.
“We congratulate everyone at OpenWay and Enfuce who made this achievement possible. This honor is a result of innovative vision, teamwork and technological excellence from both companies. We are proud to provide the solutions that drive meaningful change to the way our clients deliver services to their customers,” comments Maria Vinogradova, Director of Strategy and Market Intelligence at OpenWay.
Enfuce Financial Services provides global IT services to banks, fintech companies, and other financial operators. Having won several awards in its field, Enfuce is also the first Financial Supervisory Authority certified company that runs its services in the public cloud. They currently offer a diverse platform for credit and payment cards and fast-to-implement PSD2 compliant interface services. Established in 2016, Enfuce employs 45 driven professionals in Finland, Sweden, the UK, and Spain. Enfuce is growing steadily, and their net sales reached 4.1 million euros in 2018.
About WAY4 and OpenWay
The WAY4 digital payments platform is developed by OpenWay, the global vendor top-ranked by Gartner and Ovum. More than 130 banks, processors, retail chains, national payments switches, fleet card processors, telecommunication and other companies use WAY4. Some of them are long-established players, while others are ambitious start-ups. Driving digital transformation with WAY4 solutions, they have become leaders in different domains and world regions.