Just a month ahead of our return to the Far East for FinovateAsia we learned today that Singapore-based Alpha Payments Cloud is partnering with RS2 Software to bring key financial and non-financial services to banks in Thailand via a single integration. Oliver Rajic, Alpha Payments CEO, said that his company’s AlphaHub technology was especially suited for FIs in Asia because of the region’s great variation when it comes to everything from government regulations to local customs and business preferences. “The combination of our agile and functionally rich propositions enables banks to offer highly bespoke solutions relevant to their domestic markets,” Rajic said.
The combination of AlphaHub from Alpha Payments Cloud and RS2’s BankWORKS processing software will give Thai FIs a “one-stop shop” for services ranging from AML/KYC and fraud prevention to global acquiring and transaction routing. Merchants will be able to use the technology to accept a wide range of payment types, including alternative payment types, in more than 100 currencies.
Alpha Payments Cloud CEO Oliver Rajic demonstrated AlphaHub at FinovateEurope 2016.
Founded in 2012 and headquartered in Singapore, Alpha Payments Cloud demonstrated its AlphaHub technology at FinovateEurope 2016, following up on its Best of Show winning demo at FinovateSpring 2015. The company’s AlphaHub technology is a payment-as-a-service platform that gives banks and merchants the ability to accept any payment, any solution provider, anywhere in the world. The platform has more than 250 third-party solutions—more than 60 in the area of fraud, risk, and commerce alone—and is readily integrated via the AlphaHub API. Rajic underscored that point in this week’s announcement, saying the company believes in “eliminating integration friction and standardizing data to simplify access via our enterprise app platform.”
This summer Alpha Payments Cloud reported that it will be one of two early-stage payments companies to participate in Wells Fargo’s accelerator program this year. And in the spring, the company partnered with Chinese payment-services provider, WeCollect, to launch the China Payments Cloud. Alpha Payments Cloud began the year winning the Next Generation Payments category at the KPMG Fintech Innovation Challenge, and partnering with Sentenial to power SEPA Direct Debit acceptance for European businesses. It has raised $12 million in total funding and is one of the presenters at our upcoming FinovateAsia 2016 event in Hong Kong, 8 Nov 2016. Visit our registration page for more information.