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Celent is a global research and advisory firm focused on financial technology. In its assessment of OpenWay, it highlights capabilities of the Way4 platform that align with the priorities of institutions modernizing card operations: real-time processing, high availability, scalability, flexible deployment, rapid hyper-personalized product launches without coding, expansion to other businesses on the same platform, and AI-ready architecture.
Celent also mentions Way4’s resilience, high availability and its ability to support large volumes of card transactions. A single Way4 installation can support more than 200 million card accounts with up to 99.999% uptime. In one large-scale client environment, Way4 processes 4,000 transactions per second and 7,000 API calls per second.
OpenWay’s clients can launch new and more personalized payment offerings in as little as several weeks, due to Way4’s parameter-driven architecture. The report notes that 95% of its products, services and processing rules can be configured without coding.
“Modern issuing is all about giving institutions the freedom to launch, adapt and scale payment products as their markets change. We believe Way4’s inclusion in Celent’s report reflects our success as the innovative partner of our clients who place their trust in our agile platform to grow their business, whether it is card issuing, digital wallets, merchant acquiring, or payment switching.”
For institutions planning the next stage of issuing modernization, Way4 is designed to combine mission-critical processing with the flexibility to expand into future digital payment services.
OpenWay is a global provider of digital payment software. Its Way4 platform is used by Tier 1 and 2 banks, processors, fintechs and payment companies worldwide to grow modern payment businesses across multiple deployment models.
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