FTSI, a technology solutions provider for financial institutions, has announced its merger with 21st Century AEYE, a fintech company specialising in artificial intelligence (AI)-driven innovations.
The strategic partnership combines FTSI’s expertise in banking technology and security with 21st Century AEYE’s transformative AI solutions, positioning the newly merged company to deliver enhanced services and innovations to its customers.
The merged entity will continue to operate under the FTSI brand.
As part of the deal, the technology solutions provider will expand its core offerings in bank technology and security.
One of the major features of the new offerings is the introduction of 21st Century’s advanced platform, dubbed AEYE Defend. This platform transforms conventional video surveillance systems into autonomous, AI-driven visual gun detection technology.
AEYE Defend offers a proactive approach to identifying, locating, and responding to potential threats, significantly boosting safety and security in high-risk environments.
It is also expected to deliver enhanced accuracy and privacy measures.
The combined strength of FTSI and 21st Century AEYE will allow the company to deliver comprehensive and innovative solutions that safeguard communities, ensuring a more secure future for all.
21st Century AEYE founder and CEO Said Bilani said: “We believe 21st-century problems require 21st-century solutions.
“Our mission and vision are aligned to enhance safety and security, uplift quality of life, and create technologies that ensure our communities are safer, more robust, more secure, and more resilient.”
According to FTSI, the merger marks a significant step forward for both companies, in pushing the boundaries of technological innovation while maintaining a strong focus on community impact and social responsibility.
Based in the US, FTSI delivers a portfolio of solutions including digital, physical and electronic security, cash services, ATM service, ATMs/ITMs/TCRs and self-service technologies, remote ATM management, and professional services.
The firm also offers a broad array of strategic planning and consultative services.
FTSI founder and CEO Susan Napier said: “This merger marks the beginning of an exciting journey filled with growth, transformation, and innovation.
“The FTSI name will continue to stand for exceptional service and trust, while we embrace new AI-driven technologies that will shape the future of security and banking technology. Our customers can expect the same dedication to excellence, with the added benefit of groundbreaking innovations.”
