ACI fined for abuse of dominance

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The Competition Commission of India (CCI) has slapped a penalty of ₹45.2 million (US$725,000) on US-based ACI Worldwide and its subsidiaries in India and Singapore for abuse of dominance, following a complaint brought by Financial Software and Systems (FSS).

ACI Worldwide licenses software for electronic banking to banks in India. FSS provided software modification and customization services to banks that use ACI software.

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