FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
According to a recent Reuters report, final bids for a potential takeover are due to arrive in the coming weeks.
Fiserv says the credit union chose its DNA core banking system due to its “modern technology and open APIs”.
Skytef has been distributing Fiserv’s electronic funds transfer solution SiTef since 2002.
Founded in 2020, Panacea Financial provides financial services to healthcare professionals in the US.
Trintech hopes the deal will “act as a springboard for innovation” for its accounting automation platform.
Kathi Klawitter joins Allied Payment Network from banking and payments tech heavyweight Fiserv.
The bank will utilise DNA from Fiserv as its new core processing platform.
The Minnesota-based lender will move to Fiserv to meet the complex loan servicing needs of its shareholders.
Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.
Community Bank of the Bay will utilise Fiserv’s Payments Exchange: RTP solution.
Fiserv’s debit payments network will give MovoCash customers another way to access their cash.
The two companies have forged a strategic relationship which will see additional combined solutions.
Guy Chiarello is COO, Suzan Kereere chief growth officer, and Adam Rosman rejoins the firm.
Republic Bank hopes the partnership will “revolutionise” its processing and payment systems.
The credit union is the second largest in the US.
Implementation partner Celero will complete the DNA installations.
It is expected to close by the end of Q2 2021.
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Fiserv to identify research and technology needs of AACUC members.
Fiserv EVP praises the credit union’s “commitment, dedication and efforts”.
The US neobank will operate out of Chicago to challenge small business lending in the US.
Connecticut-based credit union picks DNA for “scaleability”.
Michigan-based credit union plans to switch its account processing.
The Oklahoma credit union plans to transition to a “technology company” for members.
Truliant FCU wants to make better use of its enterprise data.
Canadian credit union shifts to new system to drive “flexibility”.
The two firms have held a partnership since 2009.
The core deals which made waves this year, summarised just for you.
The bank has also added card services.
Celero will be providing implementation support.
Fiserv’s First Data will provide services to its current client merchants until June 2023.
Complying with regulation across each geography.
Bringing the total funding to $207.5m.
The institution is understood to be replacing FIS’ old Miser system.
It will also allow it to quickly implement new capabilities.
These are Carpathia Credit Union, Estonian Credit Union and Parama Credit Union.
FIS, Fiserv or Infosys will be providing core processing software to Robinhood Bank once it receives authorisation.
Software development kit enables employees to respond to customer feedback.
To access the smart safes from anywhere.