What Global Software Solutions does

Global Software Solutions (GSS Group, GSS Tech Group) is a Dubai-headquartered fintech software company founded in 2021 that builds mission-critical payment, core banking, open finance, and document management platforms for banks and financial institutions across the UAE, India, and Africa. Its portfolio centers on a proprietary Torus Low-Code Platform that underpins every product, enabling rapid deployment (claims of under-60-day product launch) and supporting 500+ APIs, 50+ payment types, and 100+ integrations with ISO 20022-native messaging. Flagship offerings include the GSS Payment Hub (multi-rail payments orchestration), NPSS / UAE-IPP (the infrastructure powering the Aani national instant payments platform under the Central Bank of the UAE), GSS Open Finance (CBUAE-compliant APIs), Veracious Core Banking (conventional and Islamic), Veracious DMS, and Fraud & AML. Together these products have processed $100B+ in transactions across 10 countries, and serve 23-25 UAE financial institutions including the Central Bank of the UAE, First Abu Dhabi Bank, Emirates NBD, Finance House, and Al Maryah Community Bank.

GSS monetizes primarily through multi-year enterprise software licensing subscriptions, supplemented by professional services for implementation and integration, with potential transaction-based fees given the volume it processes. Distribution is direct enterprise field sales to Tier 1 and regional banks and financial institutions, augmented by an event-driven GTM (it hosts the Open Banking & Beyond Summit and participates in MEA Finance conferences) and a partner network spanning OzoneAPI, VuNet Systems, G42, Microsoft Azure, R3, Clari5, FSS, and Digibee. The company is privately held and founder-controlled, led by CEO Mahmoud Abuebeid (2024 Technology CEO of the Year) alongside CTO Sekar Ponniah, COO Saleem Ahmed, and CSSO Praveen Sekar, with H.E. Abdulaziz Bin Shafar (CEO of ASGC Group) as Chairman. Operations span four offices — Dubai (HQ), Chennai, Tirunelveli (engineering), and Nairobi — supporting roughly 250 employees.

Name

Global Software Solutions

Legal name

Global Software Solutions Group

Website

https://gsstechgroup.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Global Software Solutions (GSS Group) is a Dubai-based fintech software company that builds payment, core banking, open finance, and document management platforms — including the NPSS infrastructure powering UAE's Aani instant payments — for banks and financial institutions across the UAE, India, and Africa.

Ownership category

akta.pro rank

Product category

Banking & Payments Software

NAICS

Computer Systems Design and Related Services (54151), Finance and Insurance (52)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Payment orchestration software
• Instant payments platform
• Open banking solutions
• Core banking platform
• Document management system

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Enterprise Software Licensing: Licensing of proprietary platforms including Torus Low Code Platform, Veracious Core Banking, GSS Payment Hub, NPSS, Open Finance, and DMS to banks and financial institutions. Typically multi-year enterprise contracts.
2. Professional Services: Implementation, integration, and consulting services for deploying payment infrastructure, core banking modernization, and regulatory compliance solutions.
3. Transaction Processing: Platform processes $26B+ in transactions and supports millions of transactions daily. Revenue may include per-transaction fees or volume-based pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

GSS Group develops and licenses proprietary fintech software platforms for banks and financial institutions. Built on its Torus Low-Code foundation, the portfolio includes a multi-rail Payment Hub, the UAE-IPP/NPSS instant payments infrastructure (powering Aani), a CBUAE-compliant Open Finance API platform, a Veracious Core Banking platform (conventional and Islamic), an enterprise DMS, and Fraud & AML solutions. Delivered via enterprise licenses, multi-year contracts, and professional services across UAE, India, and Africa, with cumulative transactions exceeding $100 billion across 10 countries.

Product overview

Global Software Solutions (GSS) offers a platform-plus-modules architecture centered on the Torus Low-Code Platform. The core product portfolio comprises four flagship platforms: GSS Payment Hub (multi-rail payments orchestration), NPSS/UAE-IPP (instant payments infrastructure), GSS Open Finance (open banking APIs), and Veracious DMS (document management). Additional modules include Fraud & AML, Core Banking (Veracious), WPS, ICCS, Direct Debit Mandate Management, GCC RTGS, Buna, Commercial Credit System, and eDDA. All products are built on the Torus Low-Code foundation and process over $100 billion in transactions across 10 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Torus: Proprietary model-driven low-code platform - the engine behind every GSS banking product
• Veracious
• GSS Payment Hub
• NPSS
• GSS Open Finance
• Veracious DMS
• GSS Fraud & AML
• Torus Low-Code
• Veracious Core Banking

Products and services

• GSS Payment Hub Unified multi-rail payments orchestration platform enabling banks to process domestic, cross-border, instant and bulk payments through a single system with real-time routing, ISO 20022 messaging, and end-to-end monitoring. Supports 500+ APIs, 50+ payment types, and 100+ integrations; processes $26B+ in transactions for banking and financial institution clients.
• NPSS (UAE-IPP) Instant Payments Platform National Payment Systems Strategy / UAE Instant Payment Platform aligned with CBUAE requirements, enabling real-time 24/7 account-to-account transfers through the UAE IPP. Supports Aani aliases, request-to-pay, and instant settlement. GSS is the selected NPSS Infrastructure Provider for banks connecting to the UAE national instant payments rail.
• GSS Open Finance CBUAE-compliant open banking platform providing standards-based APIs for account information (AIS), payment initiation (PIS), and consent management. Enables banks to participate in the open finance ecosystem with developer portal and OAuth consent management, and supports fintech API access for data-driven services.
• Veracious DMS Enterprise document management system for banking and financial institutions enabling secure capture, workflow automation, audit-ready archival, role-based access, OCR, metadata management, and full-text search. Built on Torus Low Code Platform.
• Veracious Core Banking Modern, modular digital core banking platform for conventional and Islamic banks with microservices architecture, cloud-ready deployment, and omnichannel capabilities. Prepackaged retail and corporate products with launch capability in under 60 days; supports fully digital online application journeys and real-time decisioning.
• Fraud & AML Real-time fraud detection and Anti-Money Laundering screening solution for financial institutions. Provides anomaly detection, AML/CFT screening, sanctions screening, and rules engine tuning without coding across every payment channel.
• Torus Low-Code Platform Proprietary model-driven low-code platform enabling rapid development and deployment of banking applications. Features drag-and-drop building blocks, open API-based application model, and configuration-over-customization approach for retail and corporate banking solutions with Gartner Peer Insights recognition.

Quantifiable outcome

• $100B+ transactions processed across 10 countries
• +5 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability13 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered strategic, core and minor.

• VuNet SystemsstrategicTechnology or Integration · 7 November 2024Strategic partnership with VuNet Systems to elevate digital banking experience in Middle East. VuNet's vuSmartMaps business observability platform integrated with GSS banking solutions to provide real-time visibility into financial systems, ensuring seamless operations and improved customer experiences. VuNet monitors over 20 billion transactions valued at $900B globally.
• OzoneAPIcoreTechnology or IntegrationOzoneAPI partnership provides standards-based APIs for open banking implementation. GSS is both a CBUAE-recognized vendor and OzoneAPI partner for delivering open finance solutions including AIS & PIS APIs, consent management, and developer portal.
• G42coreTechnology or IntegrationG42 provides sovereign cloud infrastructure for FAB's hosting needs. G42's robust infrastructure and expertise make them an ideal choice for secure cloud deployment of payment systems in UAE.
• Microsoft AzurecoreTechnology or IntegrationMicrosoft Azure is the cloud provider for Finance House Abu Dhabi's deployment. Azure provides scalable, secure cloud infrastructure for GSS payment solutions.
• Al Etihad PaymentscoreStrategic or Co-development PartnerAl Etihad Payments is a subsidiary of Central Bank of the UAE operating Aani. GSS built the underlying NPSS platform used by launch banks for Aani. Deep strategic partnership in UAE's national payment infrastructure.
• UAE Banks FederationcoreStrategic or Co-development PartnerGSS hosts Open Banking & Beyond Summit under patronage of UAE Banks Federation. Federation supports GSS's open finance initiatives and industry collaboration.
• Codebase TechnologiesminorChannel Partner/ Reseller/ DistributorGSS joined Codebase Technologies channel partner network to accelerate digital banking innovation in MENA region.

Scale indicators11 records

Recent moves6 records

Broad incumbents

• Temenos: Global leader in banking software offering core banking, payments, and wealth management platforms. Directly comparable to GSS in core banking and payment orchestration, but at global scale across 3,000+ banks versus GSS's regional UAE focus.
• Finastra: Major banking software incumbent offering core banking, payments, lending, and treasury solutions globally, with strong MEA presence. Competes broadly with GSS across multiple product categories.
• ACI Worldwide: Real-time payments and electronic payment software provider serving global financial institutions. Direct competitor in the payments orchestration and instant payments infrastructure space that GSS occupies with its NPSS platform.
• Plaid: Global leader in open banking/finance connectivity and financial data APIs. Comparable to GSS Open Finance in product category (open banking APIs and data connectivity), though Plaid operates primarily in US/UK markets.

Direct peers

• Mambu: Cloud-native core banking platform serving challenger banks and financial institutions globally. Closely comparable to GSS's Veracious Core Banking on architecture (cloud-native, composable) and target segment (digital-first banks in emerging markets).
• Thought Machine: Cloud-native core banking engine (Vault) used by tier-1 banks including Lloyds, JPMorgan-adjacent, and Standard Chartered. Directly comparable to Veracious Core Banking in cloud-native core banking for large financial institutions.
• Volante Technologies: Specialist in payment orchestration, ISO 20022 messaging, and real-time payment hubs. The closest direct competitor to GSS's GSS Payment Hub in technology, scope, and target buyer (banks needing multi-rail payment orchestration).
• Codebase Technologies: MENA-focused digital banking transformation company offering core, digital, and lending platforms. Direct competitor to GSS in the same MENA banks segment, and notably also a channel partner relationship.
• Bottomline Technologies: Provider of payment solutions including ISO 20022 messaging, payment orchestration, and open banking APIs. Comparable to GSS's Payment Hub and Open Finance offerings with a similar bank-customer focus.

Regional players

• Network International (Network): Leading MENA-based payment processor and merchant acquirer with deep UAE bank relationships. Comparable as a regional payments infrastructure provider in the same geography as GSS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gssgroups

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Software Solutions