Mumbai, January 22 , 2020: Banking platform provider Zeta has unveiled Tachyon -- a modern universal banking platform that can be used to power debit, credit, and prepaid products for retail and commercial customers of banks and fintechs.
It has a comprehensive end-to-end card management system, a universal switch and a payments engine. It is connected to payment networks and supports multiple modes of payments. This makes it easy for banks to roll our new-age banking products at a much faster rate while ensuring complete compliance and security.
Tachyon’s platform is in-built with bank grade security and first in class features for end customers for a safer and peaceful banking experience.
Secure shield - This module empowers customers to get full control on their transactions.
Family Center - enables a customer to create add-on cards for their family or kin or even domestic help with parental controls on spends
Passbook : shows the spends incurred, but also details on merchants, locations, spend categories and so on
Says Bhavin Turakhia, Co-founder and CEO, Zeta: “Banks run several products on antiquated software that cannot cope with the ever changing needs and demands of digital-native customers. Tachyon is a modular, mobile first, banking platform that enables rapid product deployment, and provides a modern UX that helps banks increase customer engagement, retention and revenue.”
The Zeta platform along with its modules and apps currently powers prepaid cards, employee benefits, expense management, gift cards and other experiences for millions of users and corporate customers of various financial institutions and issuers within India and other countries globally.
“Zeta Tachyon’s modern stack enables rapid development of new features, and helps in keeping up with compliance developments and new mandates from RBI within weeks of announcement including card control, NCMC and more,” said Ramki Gaddipati, Co-founder and CTO, Zeta. “It is fully compliant with all RBI regulations, India data localisation, DR norms and is SOC 3, ISO 27001, PCI DSS and ACS 2.0 certified,” he added.