- Financial services firm PwC and tech giant Microsoft are leveraging digital banking solutions provider FintechOS to create a digital banking solution.
- The group aims to help banks adapt and modernize their operations to fit into the digital-first era.
- “This will drive a massive improvement in time-to-value, and the extensibility of digital banking growth and expansion,” said PwC Partner Akhilesh Khera.
In the fintech industry, third party partnerships are king. So it’s not surprising to see the news that financial services firm PwC and tech giant Microsoft are tapping into the expertise of digital banking solutions provider FintechOS.
The trio announced their partnership, which will leverage FintechOS’ expertise, PwC’s digital banking prowess, and Microsoft’s Cloud for Financial Services technology to create a digital banking solution aimed at helping financial institutions adapt and modernize their operations to fit into the digital-first era.
For its part, FintechOS will be crucial in providing banking and investment, customer management, and integration and orchestration services. “We are delighted to be playing a key role in this ground-breaking initiative, as it demonstrates both the market-leading capability of our high-productivity fintech infrastructure and the strength of our relationship with PwC,” said FintechOS VP of Ecosystem Sales at EMEA Todi Pruteanu. “We are excited about the opportunity to work closely with and actively support PwC as this proposition revolutionizes banking across the globe.”
PwC Partner Akhilesh Khera said that the firm selected FintechOS for the company’s high-productivity infrastructure. “This will drive a massive improvement in time-to-value, and the extensibility of digital banking growth and expansion,” explained Khera.
U.K.-based FintechOS was founded in 2017 to help companies quickly launch and manage products and services across lending, savings, insurance, investment, and embedded finance. By helping financial services companies replace their core banking infrastructure operations, FintechOS also helps companies reduce costs, modernize operations, and deploy modern customer journeys that meet today’s standard expectations of great customer experience.
In March of this year, FintechOS launched a pair of accelerators to help financial institutions support their small business clients. Earlier this month, the company unveiled its spring release, which contained a digital retail mortgage and BNPL features. FintechOS demoed Sunglow, a banking super app at FinovateFall 2021. Teo Blidarus is co-founder and CEO.