EPAM and OpenWay Form Partnership to Drive Digital Transformation in Payments Industry
(Thomson Reuters ONE) -
NEWTOWN, Pa., Sept. 13, 2016 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM),
a leading global provider of product development and software engineering
solutions, announced its global strategic partnership with OpenWay Group, an
expert in digital payments and developer of the top-ranked WAY4(TM) platform.
WAY4 is a complete omnichannel digital payment and card processing platform,
supporting digital wallets, private label and branded card issuing, as well as
merchant acquiring, financial switching and channel management. WAY4 serves as a
core platform for digital banking solutions, closed-loop or national payment
schemes, and is deployed by tier-1 banks and payment processors across the
globe.
Digital disruption has forced market leaders and new players to reconsider their
business models, along with customer experience, technologies, and partnerships.
By leveraging EPAM's digital enterprise, system integration, and legacy system
migration expertise and OpenWay's market-leading payment platform solutions, the
partnership will offer clients the benefits of digital finance and cross-
industry expertise, excellent product and service offerings, faster time-to-
market, and early adoption of innovations within a global scale.
"The rapid evolution of the payments marketplace is impacting many of our key
vertical industries and our clients recognize the need for scalable, flexible,
and easily integrated solutions that meet customer demands, regulatory changes
and emerging competition from new market entrants," said Arkadiy Dobkin, CEO and
President, EPAM. "Combining OpenWay's leading position in the payment systems
market and our deep technology experience across various industries enables us
to provide the next generation of complex payment platforms and solutions to our
clients."
"We see EPAM's dedication to excellence in its agile software development
process and proven ability to quickly deploy robust, well-rounded specialist
teams from their extensive pool of software engineers and architects," says
Andrew Vereninov, CEO, OpenWay Group. "Innovation in the B2B and B2C payment
space together with the mobile revolution is blurring the boundaries between
industry sectors. We are keen to go beyond the financial sector and leverage
EPAM's expertise in retail and distribution, travel and hospitality, life
sciences and healthcare."
About EPAM Systems
EPAM Systems, Inc. (NYSE:EPAM), a leading global product development and
platform engineering services company, is focused on delivering results through
best-in-class software engineering, combined with innovative strategy,
consulting and design capabilities. With 23 years of experience in
the information technology industry, EPAM's 18,000 people serve our customers in
over 25 countries across North America, Europe, Asia and Australia. EPAM was
ranked #8 in FORBES 25 Fastest Growing Public Tech Companies and ranked as a top
information technology services company on FORTUNE'S 100 Fastest Growing
Companies.
For more information, please visit http://www.epam.com/ and follow EPAM on
Twitter ((at)EPAMSYSTEMS) and LinkedIn.
About OpenWay
Established in 1995, OpenWay Group is recognized as a leader in the provision of
payment solutions by independent research agencies. Headquartered in Belgium,
OpenWay has successfully delivered WAY4 to over 130 banks and payment service
providers in Europe, Asia, North and Latin America, Middle East and Africa.
For more information, please visit http://www.openwaygroup.com/.
Forward-Looking Statements
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are necessarily subject to
risks, uncertainties, and assumptions as to future events that may not prove to
be accurate. Factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions and the factors
discussed in our most recent Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. EPAM undertakes no obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required under
applicable securities law.
EPAM CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz(at)epam.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2016 - 16:00 Uhr
Sprache: Deutsch
News-ID 494547
Anzahl Zeichen: 5316
contact information:
Town:
Newton
Kategorie:
Business News
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"EPAM and OpenWay Form Partnership to Drive Digital Transformation in Payments Industry"
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