Global Software Solutions Group (GSS): Striving to Solve Mission-Critical Problems that Financial Institutions Face Today
As financial institutions strive to meet the demands of a digital era, ensuring seamless transactions, efficient operational workflows, and robust document handling becomes paramount. From enhancing core banking systems to enabling real time payment processing, the need to address these critical problem statements is vital for organizations seeking to stay ahead in today's competitive market.Established in the year 2000, Global Software Solutions Group(GSS) emerged as a pioneering enterprise solutions provider, addressing mission-critical problem statements such as payments automation including end to-end payment orchestration and orchestration across multiple payment networks, handling high volume real time payments, clearing, mandates, payroll, business process automation, and document management. GSS’s flagship product, the ‘Veracious Payment Hub’, is built on their own ‘Torus’ enterprise-grade low-code platform software. This sophisticated payment hub seamlessly streamlines transactions across multiple channels and networks, fostering a unified payment ecosystem on a single platform stack. In addition to this GSS product line includes business process management and document management software. With the remarkable capability to connect seamlessly to multiple payment networks supporting real-time and batch processing, and additional powerful modules such as an integrated cheque clearing system, direct debit mandate management, GSS has become an industry leader in this space.
At the heart of GSS's success lies its revolutionary low-code platform, Torus, renowned for its industrial strength, extensibility and single code-base integrity. Torus empowers businesses to effortlessly build custom business processes and integrate documents while maintaining high-speed processing. GSS owes its accelerated growth to the efficiency and modern architecture facilitated by its low-code platform, which is built on open-source, micro services-based event driven architecture which can be deployed both on any cloud and on-prem.
GSS's customer-centric philosophy is exemplified through its willingness to accommodate change requests during project progress, at no additional cost. GSS truly walks the talk, aligning with the customer's vision and accompanying them on their business journey.
In 2021, GSS established its global headquarters in the UAE, marking a pivotal moment for the company. A notable case study demonstrating GSS's exceptional
Payments are undergoing a revolution globally, GSS is poised to propel its customers to the next generation of payments orchestration and processing through its industry leading payment hub built on a robust low-code platform
services and client approach revolves around their recent initiative of the Central bank of the UAE for enabling real-time payments across the entire banking ecosystem of the country. GSS developed a comprehensive strategy, accommodating changes from both the Central Bank and the bank, and implemented an end-to-end system covering channels to central bank interactions. Through meticulous discussions, GSS understood use cases, user journeys, and customer experiences. They focused on robust validation, exception handling, and a unified management dashboard for seamless operations. GSS's expertise in payments, particularly in ISO 20022, and their event-driven architecture facilitated the journey (which is the first in the country).
Looking ahead, GSS envisions becoming a comprehensive banking software solution provider, acting as a one-stop-shop for all banking needs. To achieve this ambitious goal, GSS has fostered organic and inorganic partnerships with renowned Global software and services providers in areas such as digital core banking, open banking, API management, AI enabled chatbots, Cybersecurity products, AML and Fraud management and niche fintechs to name a few. Currently spanning nine countries, GSS aims to expand its presence to Saudi Arabia, Qatar, Bahrain, Kuwait, Egypt, USA, and Europe. "We adopt a highly disciplined business approach and offer matured functional, technical, and execution expertise to our customers. With an unwavering commitment to excellence, we are poised to revolutionize the banking and finance industry, delivering unparalleled solutions with precision and vision”, concludes Saleem Ahmed, COO at GSS.
