The new platform aims to give clients the opportunity to grow their core businesses by monetising data and using next generation technologies such as APIs, artificial intelligence, and machine learning capabilities to deliver better experiences and increased efficiency.
According to the company, the new payment solution completes the shift of FAB’s payments business and its transition from a transactional to a data-driven and platform business. All existing merchants and customers will changeover to Magnati and the bank’s POS and other customer facing devices will be rebranded.
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