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Avanza Solutions and Cloud Asset create partnership to offer Cloud Based Financial Solutions

Cloud Asset, a Finland based cloud technology provider and Avanza Solutions form partnership to offer joint solutions for payments acceptance and processing. Established in 2014, Cloud Asset is a company that specializes in providing sophisticated cloud based solutions for complex business scenarios. With operations across Scandinavia and South-east Asia, Cloud Asset provides secured cloud platforms to Banks, Financial Institutions and large enterprises for handling Electronic Commerce, Mobile Payments and Electronic Wallets.

Cloud Asset is working with Avanza Solutions to incorporate its payments middleware to offer integrated payments clearing and settlement to Banks in the South and South-east Asia regions. Avanza will be deploying its state-of-the-art technology to support Cloud Asset’s digital payments platform to offer holistic services over the cloud.

From Avanza, the solution comprises its flagship products which include Rendezvous (Financials Middleware) laying the foundation of the infrastructure, Vision (Card Management) monitoring and reporting all transactions, Vigilus (Fraud Management) preventing and detecting fraudulent transactions, eReconcilier handling daily reconciliation tasks, and Unison (CRM Solution) managing customer’s data, complaints, disputes, logging and managing any occurring incidents.

Cloud Asset will provide its industry leading P3 digital payments processing platform incorporating merchant management, eWallet, mPos, multi-currency and secure pay modules.

With the combination of Avanza’s solution incorporated into the P3 platform, Cloud Asset will deliver efficient and secure payment processing services that are compatible with Visa, Master Card, Union Pay and other payment schemes operating in the region.

“We envision a world connected by the power of cloud technology to enable unique models of transactions between business and trade. With Avanza, I feel, we have a mutual passion for innovation and this partnership creates a very powerful combination to offer holistic payments capabilities to our customers. ”

Hasan Malik – Chief Executive Officer
Cloud Asset

“At Avanza, we take pride in our efforts to innovate and enrich lives around the world. Our partnership with Cloud Asset is another step in that direction where together we can add value to people’s lives. I am delighted to see the Avanza global foot print growing. ”

Mahmood Kapurwala – Chief Executive Officer
Avanza Solutions