MoData and Renovite to Provide Cloud-native Payment Solutions
MoData which, for three decades has been offering innovative, intuitive and intelligent digital business solutions for the financial services and retail sector Digital and financial solutions specialists, has partnered with Renovite Technologies to deliver leading-edge cloud-native payment technology solutions to clients in Africa.
This will enable them to modernise their core payment system with the convergence of physical and digital channels, providing for a seamless customer experience.
The partnership is expected to give banks and retailers in the region access to Renovite’s Reno-Cloud solution suite, supported by MoData’s world-class services and insights from their team of specialists, supporting organisations on their journey to reduce the costs, complexity and legacy constraints in their financial and business environments.
Renovite Technologies is a global cloud-native payment solution provider for acquirers, processors, merchants, banks and other financial institutions.
According to information provided to BizTech Africa, the range of payment solutions uses state-of-the-art cloud-native technology and tools that inherit all the real benefits of cloud: lower costs, better security, elastic scalability, agility, portability and high availability of service, none of which are truly achievable with monolithic alternatives. “Reno-Cloud, for example, supports the full choice of deployment models, including in-house, using standard Windows or Linux servers, or a SaaS deployment in a private or public cloud,” said a statement.
MoData and Renovite are drivers of innovation, continually adjusting their product offerings and services to meet the needs of organisations in the ever-changing digital landscape. This partnership will both strengthen and enhance this agile approach to meeting – and anticipating – their customer needs.
With proven track records spanning close to three decades of helping customers overcome complex challenges, the teams will be leveraging this combined experience to realise the full benefits of cloud-native payment solutions.
“This partnership will offer financial institutions technology that allows them to provide their customers with the latest payment methods without the legacy release cycles.
This is what we call CI/CD2, which to us means continuous innovation and integration as well as continuous development and delivery. This allows banks and other financial institutions to become the next Uber or Netflix before they are themselves disintermediated,” says MoData CEO Darren Turnbull.
Renovite Technologies COO Jim Tomaney stresses the value the partnership will add for clients. “Renovite recognises that transformational products like Reno-Cloud deliver maximum value for our clients when these products are combined with deep market knowledge and local implementation experience. Renovite believes that together, MoData and Renovite can deliver the combination of local expertise and product innovation that the industry is seeking.”
Renovite Technologies Inc is an electronic payment specialist with a proven track record of delivering and managing software worldwide. The company supports and delivers mission-critical payment systems in North America, Europe, the Middle East, Asia, and now Africa.