All Payments , One integration
OUR COMPANY
One platform to unite them all, one solution to link them, one system to empower them all, and in unity bind them.
Keeping track of their intricate payment ecosystems is a major challenge for companies in today’s fast-paced market. There is a severe shortage of human resources, information, and financial technology knowledge due to the rapid rate of change. Operational inefficiencies, higher costs, and a lack of centralized control are common outcomes of integrating various payment providers and gateways. In addition to this all, businesses often run into challenges pertaining to security compliance, transaction data management, and adherence to constantly evolving financial regulations.
WHYFYNECH?
The fintech industry has witnessed a remarkable transformation over the past decade. Pioneers like Stripe, Payoneer, Adyen and more have significantly redefined the landscape, establishing themselves as not only financial entities, but powerful tech innovators. Setting new standards in the industry, these pioneers have invested millions in developing exclusive, powerful platforms, and today, they are no longer participants in the market; they lead it. As a result, the phenomenon of globalization is causing a decline in the market shares of local players, and client’s technological expectations are on the rise. As competition increases at an accelerated rate, profit margins are diminishing, and local payment service providers are expected to consistently enhance their technological infrastructure.
CHALLENGES BUSINESS FACE
In the contemporary digital economy, companies encounter a multifaceted and continuously transforming payments landscape. Let’s explore the several critical challenges that the present environment poses:
The availability of multiple payment solutions – Logically, anyone would see this as an incentive, a privilege even, but why does it pose a challenge for existing businesses? If you are a large tech enterprise, you wouldn’t really understand how difficult and costly it is to make certain changes on your existing systems. Why? Because you have the means to do so. You specialize in that field. This is not the case for the majority of businesses. Organizations frequently encounter difficulties in effectively overseeing numerous payment systems, as each one possesses distinct regulatory frameworks, interface requirements, and integration intricacies. Costs are increased and operational inefficiencies result from this fragmentation.
Consumers demand constant change – The dynamic nature of consumer preferences regarding payment methods poses an ever-increasing difficulty for businesses to remain competitive. Neglecting to provide preferred payment alternatives may lead to diminished customer satisfaction and lost revenue.
The pressure of security and compliance – Due to the ascending prevalence of cyber threats and the imposition of rigorous regulatory standards, the task of ensuring the security and compliance of payment processes has grown increasingly arduous and resource-intensive.
WHAT ARE THE MAIN COMPONENTS OF PAYMENT ORCHESTRATION?
Payment Aggregator
Fynech combines several payment methods into a single, intuitive interface. This consolidation allows businesses to accept payments from multiple sources without the need to integrate each method individually, thereby providing customers with an extensive selection of payment options.
Intelligent Transaction Routing
To ensure each transaction is processed in the most efficient and cost-effective manner, Fynech employs intelligent routing mechanisms. These built-in algorithms act like a GPS, guiding transactions to the optimal payment provider, thus enhancing the likelihood of successful payments and reducing costs.
Robust Security System
For a society where e-commerce fraud is an increasing apprehension, Fynech prioritizes the protection of financial transactions with a robust security system. It implements advanced security features, including fraud detection, risk management, encryption, and tokenization services, in compliance to all current industry standards.
WHAT IS PAYMENT ORCHESTRATION?
An integral part of modern transaction processing, payment orchestration is a software solution that integrates and manages payment transactions through a single, unified layer.
At its core, Fynech is an innovative payment orchestration platform that aims to fundamentally transform the way in which firms handle financial transactions. In essence, Fynech is engineered to streamline and enhance the complex procedure of managing a wide range of payment transactions, similar to how a conductor of an orchestra skilfully manages a variety of instruments. By integrating numerous payment systems and services into a unified, user-friendly platform, Fynech provides exceptional flexibility and efficiency.