The firm has a market capitalization of $32 billion. Fiserv, Inc.(NASDAQ: FISV), a leading global provider of financial services technology, has launched FinKit for Open Banking to help financial institutions meet and keep pace with rapidly unfolding regulations. With more than 12,000 clients and more than 24,000 associates around the world, Fiserv trades on the NASDAQ under the ticker “FISV”. The company most recently demonstrated its technology at FinovateSpring 2018, partnering with Samsung SDS America to show new biometric authentication features for its digital banking experience, Fiserv Commercial Center. Financial and payments solutions and connectivity that enable technology providers to quickly reach consumers and new markets. Our mission is to be bold and impactful every day through the delivery of a. We aim to be the number 1 choice for clients who want to continuously deliver digital services that exceed their customer's expectations. At FINkit we transform the way the global financial services industry gets their ideas into production and used by their customers. UK-based Co-operative Bank will implement Fiserv ’s FinKit for Open Banking, to provide more flexibility for customers to choose how they conduct their everyday banking in relation to the European Union’s Second Payment Services Directive (PSD2), the vendor says. FINkit is Fiserv 9,617 followers on LinkedIn. “Open banking is an area of continual change, and Co-operative Bank is positioned to move ahead of the curve,” noted Lee Cameron, managing director, EMEA, Fiserv (and formerly CEO of Monitise).įiserv was founded in 1984 and is headquartered in Brookfield, Wisconsin. Fiserv lands new tech deal with Co-op Bank. This positions the bank to respond efficiently and effectively to the rapid pace of regulatory and industry change, the vendor explains.įinKit originates from a UK-based mobile paytech provider, Monitise, which was acquired by Fiserv last year. The cloud-based managed service delivery model of FinKit for Open Banking appealed to the bank, Fiserv explained, because it will help facilitate the many aspects of open banking compliance, from secure customer authentication to management of trusted third parties (TPPs).įinKit for Open Banking includes access to pre-built APIs and facilitates ongoing compliance through API version control and publishing. /rebates/&252ffiserv-finkit. The two parties have a long-standing relationship. FinKit for Open Banking from Fiserv enables banks to be fit for this new pace of change, freeing them from the complexity of PSD2 compliance and enabling them to focus on maximising the open banking opportunity. Fiserv announced that UK-based Co-operative Bank will implement its FinKit for Open Banking, “to provide more flexibility for customers to choose how they conduct their everyday banking in relation to the European Union’s Second Payment Services Directive (PSD2)”, reports Tanya Andreasyan of Fintech Futures (Finovate’s sister publication).
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