Cryptomathic Launches Obsidian to Simplify Challenges in Issuer Ecosystem

Many individuals, together with issuers, processors and fintechs, within the issuer ecosystem face hurdles when seeking to quickly modernise and introduce new infrastructure. To simplify this course of, Cryptomathic, the safe server options supplier, has launched a brand new cost platform referred to as Obsidian.

Obsidian will meet the trade’s calls for because it allows shoppers to quickly problem new digital and bodily cost playing cards, handle rising cost card portfolios and authorise rising volumes of cost transactions. All of the whereas it’ll migrate infrastructures onto the cloud to cut back value and will increase flexibility.

Obsidian options Cryptomathic’s Cellular Software Safety Core (MASC). The platform permits issuers to develop new, safe cell cost purposes or wallets, providing finish customers extra cost selections from their cell gadgets. For fintechs who rely closely on digital, mobile-centric consumer experiences, MASC supplies assurance, with its excessive ranges of safety, all of the whereas making certain compliance.

“Obsidian is designed to empower monetary establishments and fintech innovators by offering them with the instruments wanted to remain forward in a aggressive market,” stated Boris Schumperli, cost product line supervisor at Cryptomathic.

“With its complete characteristic set and cloud capabilities, Obsidian permits our shoppers to concentrate on delivering distinctive cost experiences with out compromising on safety or compliance.”

Simplifying compliance

By integrating with PCI HSMs ({hardware} safety modules) within the cloud, Obsidian eliminates the necessity for issuers to handle HSMs. This integration additionally ensures that PCI necessities are met.

Cryptomathic’s software program and applied sciences have been trusted and confirmed over the previous 30 years, with over 15 million playing cards issued every month worldwide. Utilising Obsidian, payments-as-a-service corporations can optimise prices and speed up time to market. They will additionally launch credit score, debit, or pay as you go card companies in a number of international locations inside weeks.