Punjab & Sind Bank adopts new technology for faster, more secure card services
Mumbai, Nov 18 (BVI) Punjab & Sind Bank has become the first PSU bank to on-board the ‘BLAZE’ technology of Financial Software and Systems (FSS), unlocking faster, more secure, and scalable card services.
The upgraded infrastructure can process 500 transactions per second, ensuring reliability even during peak periods, said a statement issued by FSS, a leader in payments’ technology.
The deployment marks a major milestone for both organizations.
Punjab & Sind Bank, a key public sector lender with a customer base of over 14.2 million, underwent this mammoth technology transition with FSS, which stepped in with a comprehensive, hosted solution that ensured business continuity, regulatory compliance, and uninterrupted customer experience.
This transformation reflects a wider shift underway among India’s PSU banks from legacy systems to cloud-ready, modular payment architectures that can handle rising digital transaction volumes while enhancing reliability and security.
Vishal Maru, Global Processing Head, FSS (Financial Software and Systems) said; “At a time when transaction volumes are surging and customer expectations are defined by instant experiences, banks need platforms that think ahead. BLAZE brings that intelligence to the core combining modular architecture, data-driven decisioning, and high throughput performance.”
Through BLAZE, FSS provides banks with a modern, API-driven architecture that supports faster on-boarding, real-time monitoring, and flexible product innovation. For PSU banks, the ability to deploy these solutions quickly and securely translates into faster service rollouts and a more consistent customer experience across channels.
Prem Chand, Chief Technology Officer, Punjab & Sind Bank, said; “Public sector banks are no longer just catching up with digital transformation, we are now defining what responsible modernization looks like in the Indian banking ecosystem. Our partnership with FSS and the adoption of the BLAZE platform is not just a technology upgrade; it’s a cultural shift toward greater agility and customer responsiveness.
“For a bank with deep roots and a diverse customer base, modernization must go hand-in-hand with trust and accessibility. The speed at which this project was executed, without compromising service continuity, reinforces our commitment to deliver reliability at scale. We see this as the foundation for our next chapter one where every transaction, whether at a village ATM or an online purchase, reflects efficiency, resilience, and customer care.” (BVI)
