FSS Showcases AI-Powered Digital Payments to Transform Banking in India

• FSS demonstrates AI-driven solutions for faster, safer digital payments.
• Blaze and Smart Recon platforms adopted by over 200 banks nationwide.
• AI-backed systems cut processing time, enhance security, and reduce costs.

Financial Software and Systems (FSS), a leading payments technology provider, unveiled its next-generation AI-powered digital payments solutions at the Simply Payments 2025 conference in Mumbai. The event focused on how artificial intelligence, modern engineering, and robust governance frameworks are reshaping the digital payments landscape in India.

FSS highlighted that its Blaze payment platform and Smart Recon AI solution have gained significant traction, with over ten new contracts secured last year. The company plans to onboard another 150 banks, aiming to serve more than 200 institutions by next year. These platforms handle massive transaction volumes, one public sector bank now processes over 30 million e-commerce and high UPI transactions daily. Performance tests showed Blaze can handle 250,000 transactions per second, ensuring stability during peak periods.

V Balasubramanian, CEO of FSS, emphasized the importance of trust and reliability in India’s digital payments ecosystem. “Our focus is on making payments instant, secure, and seamless for millions of consumers. The upgrades we’ve made over the past three years empower banks to scale while improving daily transaction experiences”, he said.

FSS also showcased its Recon.AI solution, which uses artificial intelligence to detect errors faster, accelerate refund cycles, and shorten dispute resolution times. Banks using FSS systems report processing time reductions of up to 50%, turnaround improvements of 80%, and operating cost savings of nearly 30% within the first year.

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The conference brought together industry leaders, regulators, and technology experts to discuss the real-world impact of AI, governance, and modern engineering on digital payments, highlighting how these innovations will shape a faster, safer, and more reliable banking experience for consumers across India.