DBS Drives Digital Transformation in Asia-Pacific with ACI Worldwide

14-Mar-2018 Intellasia | BusinessWire | 8:00 AM Print This Post

ACI’s UP Real-Time Payments solution underpins fast, open payments
for Southeast Asia’s largest bank

(NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions
, today announced that it is
extending its partnership with DBS to support the bank’s ongoing digital
transformation, including offering Singapore’s first FAST Real-Time
Payments gateway service to corporate and institutional customers.

DBS is further building upon its longstanding relationship with ACI,
through which the bank originally developed IDEAL – its leading digital
banking portal for corporates
. DBS’s continued digital
transformation utilizes ACI’s UP Real-Time
Payments solution
as the backbone of its enterprise payments
framework, allowing merchant, wholesale and SME customers to offer FAST
payments services – including over the mobile channel and Singapore’s
enhanced peer-to-peer funds transfer service, PayNow.

With innovation in the region driven by the real-time and open
imperative, faster payments and real-time cross-border
are transforming the ASEAN fintech landscape. Malaysia,
Thailand and Singapore are poised to be the first countries in the
region to achieve interoperability
between their central payment infrastructures
, and DBS is well
positioned – through its digital transformation strategy – to benefit
from the opportunities that will arise as this ASEAN Payment Network
takes shape.

ACI’s UP Real-Time Payments solution gives banks complete control,
choice and flexibility in routing their real-time payments, providing
connectivity to immediate payments schemes and real-time gross
settlement (RTGS) globally.

“Successful digital payment transformation requires not only embracing
the real-time paradigm, but also adopting an ‘open’ mindset in which
Open APIs play an important part, as well as working with ecosystem
partners to make banking services readily available and joyful,” said Ng
Peng Khim, Head of Institutional Banking Group Technology, DBS Bank.
“ACI’s solutions are instrumental in our current and future real-time
payment initiatives.”

“We are proud of our longstanding relationship with DBS, and look
forward to continuing this collaboration as the bank continues to
innovate and grow,” said Leslie Choo, vice president & GM, Asia, ACI
Worldwide. “Singapore is rapidly becoming one of the world’s most
vibrant fintech hubs, and it is exciting to be able to support DBS on
its digital transformation journey, as it engages with fintechs and
established financial institutions alike within this new payments

About ACI Worldwide
ACI Worldwide, the Universal
 (UP) company, powers electronic
 for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment
 services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
ACI’s private
, we provide real-time, immediate
 capabilities and enable the industry’s most complete omni-channel
 experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2018.
ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo, ACI Universal Payments, UP, the UP logo,
ReD, PAY.ON and all ACI product names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the
United States, other countries or both. Other parties’ trademarks
referenced are the property of their respective owners.

Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI’s standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing


ACI Worldwide
Dan Ring, +1 781-370-3600
[email protected]
Taine, +49 (0) 89 45230 557
[email protected]


Category: BusinessWire, PRAsia

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