Punjab & Sind Bank has become the first public sector lender to deploy FSS BLAZE™, a next-generation payment technology platform developed by Financial Software and Systems (FSS). The move marks a significant step in the bank’s digital transformation strategy as public sector banks accelerate the shift from legacy systems to cloud-ready, modular payment infrastructure.
FSS announced that it has successfully implemented a suite of systems at the bank, including its Access Control Server, ATM Device Monitoring, Switch Infrastructure, and the BLAZE-powered Debit Card Management System. The full-stack rollout, among the fastest in India’s banking sector, is expected to strengthen transaction security, improve uptime and enable faster customer services.
Punjab & Sind Bank, which serves more than 14 million customers, migrated to the new platform through a hosted solution designed to maintain business continuity and regulatory compliance. The upgraded systems can process up to 500 transactions per second, a capacity aimed at ensuring stability during peak usage periods such as salary cycles and festivals.
Vishal Maru, Global Processing Head at FSS, said the deployment demonstrated how technology modernisation and customer trust can progress together in “highly regulated and mission-critical environments”. He added that BLAZE’s modular, data-driven architecture would help banks deliver faster, more intelligent payment experiences.
Punjab & Sind Bank’s Chief Technology Officer, Prem Chand, said the transition represented a cultural shift towards greater agility. “Public sector banks are now defining what responsible modernisation looks like,” he said, emphasising that the project was executed without disruption to customer services.
The bank’s customers are expected to benefit from quicker debit card issuance, improved ATM and POS availability, faster transactions and stronger fraud prevention through real-time authentication and device monitoring.
FSS, which supports digital payment operations for more than 100 institutions across 26 countries, aims to bring over 100 additional banks onto its BLAZE ecosystem as it expands its presence in the global payments landscape.
