For close to three decades, Opus has powered hundreds of companies with cutting-edge solutions. While we’ve always embraced innovation and driven change, our rapid evolution and that of the payment ecosystem has brought us to a critical juncture that calls for a radical transformation. And we’re thrilled to announce our transition from Opus Consulting Solutions to Opus Technologies. Our new identity better represents our position as a valued partner to our clients, one that is deeply embedded in their long-term vision and success.
What We See in Our Rearview Mirror
With 26 years of experience, Opus has played a pivotal role in shaping the evolution of the payments industry. Our track record includes numerous industry “FIRSTS” and the trust of over 200 customers in 35 countries across five continents.
It wasn’t long after our inception as Opus Software Services in 1997 that we built an ATM Switch for India’s National Capital Region and France. Over the next couple of years, we had already deployed Fuel Pay solutions in APAC and launched the ElectraCard payments platform.
Over the next two decades, we rolled out Trendis Payment BU Suite, initiated EMV Certification, deployed Debit Switch for 25,000+ ATMs for leading banks, forayed into the Forecourt Payment sector with Pay at Pump and started providing Big Data and Cloud Enablement solutions. During these years, we rebranded to Opus Consulting.
Our Many Firsts
We were also the 1st to:
- Introduce prepaid cards in India
- Implement biometric ATMs and BNAs in India
- Deploy ETF Switch and Active-Active configuration in APAC
- Implement Payment Switch in leading banks in India and USA
- Develop a Payment Gateway in India and the US
- Provide Smart Brokerage order routing in Taiwan using our product, mTalk
- Create the online trading platform, TradeNow, for brokers like Janney Montgomery and Wedbush
- Deploy the credit card platform for Deutsche Bank
- Create the Risk Management System for global remittance for Western Union
Awards & Recognition
We were honored to receive prestigious awards and recognition. We won the “Best Global Prepaid Service Provider” award and the “DevOps Dozens award.” Opus found its way into Deloitte Technology Fast 50 as well as Red Herring Top 100 Asia. We also got the MEPSA MasterCard Emerging Payment Support Accreditation.
Opus had come into the limelight. The interest we saw from some of the biggest names in the payment space stands as a testament to the value we created. Payment behemoth MasterCard acquired our ElectraCard payments platform in 2014, while Western Union purchased a portion of our Remittance services organization.
Our passion to broaden our horizons and reach for even greater achievements underlines our transition to Opus Technologies.
Why Opus Technologies?
“Opus”, derived from the Latin word for “a work of art or a creative achievement,” perfectly represents our mission to deliver solutions that are both artistic and functional for our clients. By combining the term “Technologies,” we emphasize our dedication to deploying the latest and most advanced technologies to help our clients achieve their goals.
To understand the importance of this change requires a deep dive into the ecosystem in which Opus operates:
- Payment Industry Dynamics
- Enhancing the Payer’s Experience
- Meeting Evolving Client Expectations
- Our Commitment to Innovation
Payment Industry Dynamics
The payments industry is undergoing a fast-paced transformation. New technologies, business models, market players, and changes in the market structure are driving this evolution. These developments have far-reaching implications for both the payments industry itself and the real economy, particularly the growth of e-commerce, which is becoming increasingly digital and convenient for sellers and buyers alike.
Enhancing the Payer’s Experience
One of the main effects of this transformation is the improvement of the payer’s experience. The payment process has become frictionless, with innovations like digital wallets enabling automatic and secure payments. Traditional means of money transfer are now outdated and inconvenient in the digital age. Consumers are seeking faster access to money, secure payments, real-time transfers, and lightning-quick support.
Surpassing Evolving Client Expectations
The landscape for payments providers has changed significantly as well. Instead of being a “support function” for banks’ core financial activities, customer payment services have become a separate and distinct service offered by a growing number of providers. This reflects the increasing demand and innovation in the payments sector.
Furthermore, payments are increasingly becoming a valuable data source used by enterprises to target potential new customers with their range of financial and non-financial products and services.
Our Commitment to Innovation
To thrive in this dynamic environment, our clients expect us to have a deep understanding of the market, analyze the latest consumer trends, and lead innovation in payment technology. At Opus Technologies, we strive to deliver on these expectations. We continuously explore new ways to enhance our services, leveraging cutting-edge technologies and adhering to stringent security standards. We recognize that innovation cannot happen in isolation, which is why we foster strong partnerships with our clients. By working closely with them, we thoroughly understand their challenges and opportunities. Together, we co-create solutions tailored to their specific needs and goals, creating mutual value.
Our Organizational Vision
At Opus Technologies, we’re dedicated to exceeding client expectations. We constantly explore new ways to improve our range of services, using the latest technologies and adherence to security standards. We understand that innovation is not something that can happen in isolation. That’s why we have established deeper partnerships with our clients, working closely with them to understand their challenges and opportunities. We collaborate with them to co-create solutions that are tailored to their specific needs and goals. This is how we create value for them and for us.
This is also why we have decided to change our name from Opus Consulting to Opus Technologies, to reflect our focus on delivering cutting-edge technology solutions. We want our name to communicate our vision and mission and to showcase our expertise and capabilities.
What Does the Future Hold for Opus Technologies?
Opus Technologies – reflects our broader vision of leading the transformation in the payment industry. It’s not just a new name, but a new identity that represents who we are and what we stand for.
- Opus Technologies represents a deep understanding of the payments industry and its challenges, opportunities, and trends. We leverage our domain expertise and experience to design and deliver turnkey solutions in evolving categories, such as embedded finance and open banking.
- Opus Technologies symbolizes a strong focus on innovation and quality. We invest heavily in research and development to create cutting-edge solutions that are scalable, secure, and reliable. Our aim is to innovate solutions through AI-first and Cloud-first approaches, while following rigorous quality standards and best practices to ensure high performance.
- Opus Technologies signifies a collaborative approach to working with clients. We adapt to the changing needs and expectations of the clients and provide them with customized solutions that suit their business goals. We strive to be an extension of the client’s innovation team and work closely with them to ensure seamless integration and smooth delivery.
While we are proud of our accomplishments, we acknowledge that there is always room for growth. We invite you to join us on this exciting journey as we shape the future of the payment industry.
Once again, a warm welcome to Opus Technologies!
Team Opus
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