Author: David Penn

From Start-up to Scale-up: Token Introduces New CEO Todd Clyde

From Start-up to Scale-up: Token Introduces New CEO Todd Clyde
By David Penn Posted on
Categories: Token

The promotion of Chief Operating Officer Todd Clyde to the top job at Token marks the open banking technology provider’s transition “from start-up to scale-up,” the company noted in a statement today.

“Token has grown from an idea formed in the basement of Stanford into a commercially viable, leading fintech poised to change financial services forever,” founder and now-former CEO Steve Kirsch said. Kirsch, who introduced the company to fintech audiences at FinovateSpring in 2015, will assume the role of Chief Innovation Officer and focus on developing Token’s product roadmap. Featured prominently on that map is the company’s digital money business, including its digital currency for banks, Token X.

“Open banking is a huge opportunity for banks and fintechs across the world and Token has delivered a product with solid market fit,” Kirsch said.

New Token CEO Todd Clyde

With more than 30 years of experience in the enterprise and financial software business – including 12 years at Accenture – Clyde was responsible for all of Token’s commercial and financial operations during his three-year tenure as the company’s COO. In his new role as CEO, Clyde will drive the company’s open banking business worldwide, and build on a year that has seen Token forge partnerships with institutions like TurkishBank UK, Estonia’s Tallinn Business Bank, Sberbank Croatia, Omnio Group, Khaleeji Commercial Bank of Bahrain, and U.K. challenger bank Tandem.

“Open banking is already enabling the next generation of digital financial services,” Clyde said. “It’s one of the biggest disruptions to hit the payments and banking industries in decades.” He praised Token for “providing the infrastructure to power these services, at this crucial time.”

With more than 4,000 connected banks, Token offers financial institutions a single API and Smart Token technology that provides an easy route to PSD2 compliance, as well as a way to make multi-banking available to their customers. Merchants can leverage Token’s technology to connect directly to customer bank accounts, enabling direct payments and lowering costs.

Clyde is the second big C-level change for Token in 2019. The company began the year by hiring 15-year technology and payments veteran Gaurav Kohli as its new Chief Technology Officer. Kohli was previously VP of Product Development, Architecture, and Platform Engineering at Visa where he oversaw merchant and acquirer processing.

This summer, Token was honored at the second annual PayTech Awards, taking home the top prize for Best Consumer Payments Initiative. In March, the company announced a collaboration with Konsentus to launch a fast PSD2 compliance solution that combines a PSD2 API with automated third party provider verification.

Token has raised $32 million in funding – including more than $16 million raised in June in a round led by Opera Tech Ventures. Founded in 2015 and based in San Francisco, California, the company made its most recent Finovate appearance at FinovateEurope 2017.

Share this:

Send Post Twitter LinkedIn Facebook

DefenseStorm Launches New Fraud Monitoring Solution

DefenseStorm Launches New Fraud Monitoring Solution
By David Penn Posted on
Categories: DefenseStorm

Cloud cybersecurity specialist DefenseStorm announced the launch of its latest anti-fraud solution, DefenseStorm FI CyberFraud, this week. FI CyberFraud is designed to spot fraud risks in banking apps as well as identify potentially fraudulent activity in computer systems. The solution leverages designated specialists who work in collaboration with the institution to manage alerts, help in fraud investigations, and serve as an extension of the institution’s own internal operations, fraud, and IT teams.

“Until now, no solution has provided specific monitoring capabilities related to data and application protection, coupled with the ability to correlate events across data, applications, and server/network/workstation events,” DefenseStorm CEO Harold Brewer said. “DefenseStorm FI CyberFraud has the potential to reduce fraud-related costs, improve the financial institution’s risk management posture, and drive cost efficiency related to the required monitoring of cyber activities.”

More specifically, FI CyberFraud analyzes and correlates data from all electronic delivery systems to spot potentially fraudulent behavior and monitors and audits access and configuration changes to both core and ancillary systems such as data warehouses. The technology also tracks transaction activity and databases for atypical usage patterns. DefenseStorm will demonstrate its new solution at the upcoming CUNA Operations and Member Experience Council and Technology Council Conference in Chicago next month.

The new product announcement from DefenseStorm comes just one month after the company picked up a major investment of $15 million in a round led by Georgian Partners. The funding took the company’s total capital to more than $29 million. Also in July, DefenseStorm teamed up with digital banking provider Apiture to offer cloud-based cybersecurity and cybercompliance solutions to its 500+ community bank and credit union partners. This spring, DefenseStorm announced a collaboration with Heritage Trust Federal Credit Union (HTFCU) to help the 50,000-member institution more proactively manage cybercrime risk.

Named a Top 40 Innovative Technology Company by the Technology Association of Georgia at the beginning of the year, DefenseStorm was founded in 2014 in Seattle as Praesidio. The company changed its name to DefenseStorm two years later, and expanded its operations from Seattle, Washington, where it still maintains an office, to Alpharetta, Georgia, where the company is currently headquartered.

DefenseStorm demonstrated PatternScout, its anomaly detection engine, at FinovateSpring 2017. PatternScout uses machine learning to identify potentially fraudulent activity in networks, and provides automated alerts to enable IT professionals and operations teams to stop cyberattacks before they spread.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Avaloq, Azimo, BeSmartee, DefenseStorm, Fiserv, Hip Pocket, Kony, Kony Solutions, Marqeta, PayActiv, SparkPost, Tink, Token

On Finovate.com

  • Trends at FinovateFall: The Big, the Small, and the Surprises
  • DefenseStorm Launches New Fraud Monitoring Solution
  • From Start-up to Scale-up: Token Introduces New CEO Todd Clyde
  • Temenos Buys Kony to Boost its Front Office Technology for Banks

Around the web

  • PayActiv partners with Fiserv to streamline access to earned wages.
  • ABN Amro teams up with open banking solution provider Tink to bring multi-banking functionality to the bank’s Grip app.
  • Avaloq appoints Imad Abou Haidar as its new Head of Asia.
  • BeSmartee launches its new Mortgage Loan Officer (MLO) Command Center for loan originators.
  • Marqeta to create 175 new jobs in 2019, growing its workforce beyond 400 people.
  • SparkPost unveils new SparkPost Recipient Validation service, a sender reputation protection service that helps eliminate harmful bounces.
  • Azimo’s Richard Ambrose moves from COO to CEO, replacing Michael Kent.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

NestReady to Enhance the Homebuying Experience at West Community CU

NestReady to Enhance the Homebuying Experience at West Community CU
By David Penn Posted on
Categories: NestReady

Courtesy of a partnership with NestReady, Missouri-based West Community Credit Union will soon offer a new and improved homebuying experience to its 26,000 members. The partnership between West Community CU and NestReady came about after the credit union’s president and CEO, Jason Peach, attended an event at fintech accelerator SixThirty.

“Our credit union strives to be very early adopters of technology that will enhance our members’ experience,” Peach said. “Being at the leading edge of innovation is important as there are many larger financial institutions as well as non-banks vying for our members’ business.” He praised NestReady’s technology as “a transparent environment” that “streamlines the more challenging aspects” of buying a home.

NestReady demonstrated its white label, end-to-end, homebuying platform at FinovateFall 2018. The technology automates many of the more cumbersome, labor-intensive steps in the mortgage process. It also leverages artificial intelligence and machine learning to give lenders actionable insights during the customer journey to ensure they are able to effectively engage the homebuyer at critical steps in the purchase process. The goal is to help boost the credit union’s role in the full homebuying experience – from the initial home search and discovery all the way through financing.

“Enabling (credit unions) to offer a true end-to-end homebuying experience and making them the trusted brand for every homebuying need is our primary focus,” NestReady CRO Marcos Carvalho said. He added that the company’s technology would help West Community CU “increase engagement and build loyalty.”

Awarded the Midwest Excellence Institute (MEI) Missouri Quality Award in 2018, West Community Credit Union serves members and businesses in St. Louis, St. Charles, and Boone counties. Founded in 1936 as Brentwood Mutual Credit Union, West Community CU has grown into one of the ten largest credit unions in Missouri, with assets of more than $260 million. The credit union, headquartered in O’Fallon, operates eight branch locations as well as mortgage lender West Community Mortgage, which it launched in 2017.

One of Finovate’s newer alums, NestReady announced in June that it was partnering with technology and marketing credit union service organization, CU Solutions Group (CUSG). NestReady also reported in that announcement that CUSG had made an investment in the company, though the amount was not disclosed. This spring, NestReady announced that a new partnership will also bring its technology to the loan originators of South Carolina mortgage banking company, Resource Financial Services.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Digital Onboarding, Flybits, HackerOne, Lending Club, NestReady, Unison

On Finovate.com

  • NestReady to Enhance the Homebuying Experience at West Community Credit Union.

Around the web

  • Tearsheet interviews Flybits CEO Hossein Rahnama on the challenge of digital transformation.
  • Facebook partners with HackerOne to launch bug bounty for its Libra Project.
  • Crowdfund Insider quotes Unison CEO Thomas Sponholtz and Lending Club CEO Scott Sanborn on the trend of fintechs considering a move from the San Francisco area.
  • Hanscom Federal Credit Union selects Digital Onboarding to facilitate account activation.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Ping Identity Preps for $100 Million IPO

Ping Identity Preps for $100 Million IPO
By David Penn Posted on
Categories: Ping Identity

Intelligent identity platform Ping Identity is making plans to go public. The company’s registration statement with the Securities and Exchange Commission, which paves the way for an initial public offering, was made available late last week.

The number of shares to be offered and the initial price range have not yet been disclosed, but TechCrunch reports that the company could secure a valuation between $2 billion and $3 billion. Ping Identity will list on the NASDAQ under the ticker symbol “PING.”

Vista Equity Partners, which acquired Ping Identity in 2016 for $600 million, will retain partial ownership of the company post-IPO. Goldman Sachs, Bank of America Merrill Lynch, RBC Capital Markets, and Citigroup are the IPO’s lead underwriters.

Founded in 2003, Ping Identity demonstrated its technology at FinovateEurope 2012. The company’s solutions enable customers and employees to securely and seamlessly access cloud, mobile, SaaS, and on-premises applications and APIs from any location. Ping Identity leverages single sign-on (SSO) and multi-factor authentication (MFA) to provide one-click, real-time access and security, helping organizations move toward a “Zero Trust” identity-defined security regime. Named a leader in Gartner’s Magic Quadrant for Access Management in 2019, the company introduced its new private cloud identity solution for the enterprise, PingCloud Private Tenant, earlier this month.

In its prospectus, Ping Identity notes that its platform secures more than two billion identities around the world as of June of this year. More than 50% of the Fortune 100 are Ping Identity customers, as are 12 of the biggest banks and five out of the seven largest retailers in the U.S. The company also highlighted its use of artificial intelligence and machine learning, as well as its role in helping develop open identity standards.

Financially speaking, the company is seeking a return to the profitability it enjoyed in 2017. Ping Identity reported year-over-year revenue growth of 17% the following year, and announced period-over-period revenue growth of 14% for the first six months of this year.

This spring, the company was named Best Identity Management Solution at the 2019 SC Awards, and twice-honored by DeveloperWeek with its Devies and Info Security Global Excellence awards. Ping has forged partnerships this year with companies like fellow Finovate alum TIBCO to leverage AI to help defend APIs against cyberthreats, and with Citrix Analytics to enable contextual access for its Citrix Workspace.

Ping’s competitors in the SSO and MFA solution provider space include heavyweights like IBM and Oracle, as well as Microsoft. And while comparing its technology favorably to the “complex, costly and increasingly fragile” systems of its rivals, Ping Identity has partnered with Microsoft and noted the benefits of this relationship in its prospectus.

“(We) partner with Microsoft to provide SSO, security control and adaptive MFA where non-Microsoft environments require integration or independence is preferred,” the prospectus reads. “Microsoft’s integration and interoperability with our solutions benefits enterprises while providing optionality and choice.”

Ping Identity was founded by Andre Durand, who serves as the company’s CEO. The company is headquartered in Denver, Colorado.

Share this:

Send Post Twitter LinkedIn Facebook

ProfitStars Reaches 500 Bank and Credit Union Customers for Commercial Lending Solution

ProfitStars Reaches 500 Bank and Credit Union Customers for Commercial Lending Solution
By David Penn Posted on
Categories: ProfitStars

Heading into the fall of 2019, ProfitStars Commercial Lending Center Suite will boast 500 banks, credit unions, and other FIs as customers. The company announced late last week that the milestone had been reached, underscoring the popularity of its solution that leverages automation and digital technology to streamline and enhance the commercial lending process.

Calling commercial lending “the last paper-based process left in banking,” ProfitStars president Russ Bernthal credited the lending technology for helping lending institutions make better decisions, more effectively manage risk, and boost profitability. “By partnering with us, 500 institutions are empowered to more effectively manage borrower relationships from one loan experience to the next, strengthening existing relationships and driving new business opportunities.”

Among the banks and credit unions to deploy ProfitStars Commercial Lending Center Suite in recent months are First National Bank, which selected the technology in May, and First State Community Bank, which announced its decision to deploy the solution in March. In addition to banks, firms like United Capital Funding, an accounts receivables and factoring company, have leveraged ProfitStars commercial lending platform to improve portfolio management and better serve their customers.

“Since installation, we have benefitted from more advanced portfolio management and flexible reporting tools,” United Capital Funding managing partner Ivan Baker said. “The platform also offers comprehensive digital capabilities that allow us to enjoy more touch points with our clients and connect with them when and how they prefer.”

A division of Jack Henry & Associates, ProfitStars demonstrated its Budget Manager solution at FinovateSpring 2012. Budget Manager is a distributed budgeting tool that enables administrators to access front line budget data and input in into the ProfitStars ALM/Budgeting app. The company’s offerings, which also include check imaging, card processing, and payment solutions, help its 9,000 customers manage risk, control costs, optimize revenue, and support growth.

In addition to ProfitStars partnership news this year, the company’s new product releases made fintech headlines, as well. This spring, ProfitStars introduced its Gladiator Total Protect solution, a suite of managed, IT, network security, and compliance services for banks. The release of Gladiator Total Protect follows the launch of its Gladiator iPay Enterprise Security Monitoring solution, made available last fall.

ProfitStars is headquartered in Allen, Texas, a suburb of Dallas.

Share this:

Send Post Twitter LinkedIn Facebook

Xendpay Joins RippleNet to Bring Fee-Free Cross Border Payment Options to SE Asia

Xendpay Joins RippleNet to Bring Fee-Free Cross Border Payment Options to SE Asia
By David Penn Posted on
Categories: Xendpay

By joining RippleNet – the global payments network that leverages blockchain technology to quickly and inexpensively facilitate transactions – cross-border money transfer specialist Xendpay will bring its fee-agnostic remittance service to customers in countries like Bangladesh, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

This includes access to its Pay What You Want feature that enables customers to pay no fees on transfers totaling $2,500 over the course of a calendar year. For businesses, the option is twice as valuable with a $5,000 fee-free limit.

“Most of our customers are migrants who are sending money back home,” Xendpay Head of Product Innovation Bhavin Vaghela said. “This money is vital to support their families: to pay rent or mortgage, electricity bills, medical fees, and education costs.” He added that, as an online service, Xendpay is able to save on overhead and pass that savings on to the customer.

“I think of our fees as similar to providing a tip,” Vaghela said. “If you feel like you’ve been treated well, received a good rate and enjoyed the experience, you might pay the recommended rate. We’ve even had clients pay us more.”

In joining RippleNet, Xendpay and its customers will benefit from a significant increase in processing speed for international money transfers, according to Vaghela. He noted that a transfer in a currency like the Thai Baht that might have taken up to four days to complete, now takes less than an hour courtesy of RippleNet’s technology and network of partners. Not only does the partnership with RippleNet accelerate the money transfers Xendpay has always offered, but also the collaboration enables Xendpay to provide money transfers it previously felt it could not.

“We were unable to offer currencies like Malaysian Ringgit or Bangladeshi Taka before,” Vaghela said. “Now that it’s easier to connect with local partners, we can provide our clients with more local currencies and, therefore, see new growth in those corridors.”

Xendpay demonstrated its cash-to-cash mobile international payment service at FinovateEurope 2013. Founded in 2012 by Paresh Davdra and Rajesh Agrawal, CEO, and headquartered in London, U.K., the company offers its services in 200+ countries, and transfers funds in more than 50 currencies and 2,900+ currency pairs. Xendpay is agent of foreign currency exchange payments firm RationalFX, founded in 2005 by Davdra and Agrawal.

Share this:

Send Post Twitter LinkedIn Facebook

A Look at Fintech Talent in Singapore; Mobile Money Goes Live in South Sudan

By David Penn Posted on
Categories: Finovate Global, Strands, TransferWise

Join us in October as our annual Asia-Pacific fintech conference returns to Singapore! FinovateAsia is one of the best ways for fintech startups and innovative industry veterans from the region and around the world to showcase their latest technologies before an audience of C-level decision-makers, venture capitalists, all-star analysts, and more.

For information on how to participate in FinovateAsia as a demoing company, partner, or sponsor, send us an e-mail and we’ll tell you everything you need to know.

Central and Eastern Europe

  • Business Review looks at the potential for French-Romanian cooperation on fintech innovation.
  • Relex, a cryptocurrency-based real estate development investment platform, inks agreement with Belarus Currency and Stock Exchange.
  • Austrian telecom A1 to begin accepting cryptocurrencies as payment.

Middle East and Northern Africa

  • Emirates NBD introduces the first graduates of its fintech sandbox.
  • Qatar Financial Centre (QFC) joins the World Alliance of International Financial Centres (WAIFC).
  • Partnership between NilePay PLC and Zain South Sudan brings the first licensed mobile money service to South Sudan.

Central and Southern Asia

  • An investment of $110 million will help power Tala’s planned expansion into India.
  • Khalti, a fintech startup based in Nepal, wins the United Nations Fintech Innovation Fund.
  • Software Technology Parks of India establishes FinBlue, a Center of Excellence in FinTech, to support emerging fintech startups.

Latin America and the Caribbean

  • Argentina’s largest national private bank Banco Galicia integrates PFM technology from Strands.
  • Citi enables biometric authentication for its institutional clients throughout Latin America.
  • TransferWise announces launch of international transfers from Argentina.

Asia-Pacific

  • Standard Chartered Bank partners with SAP Ariba to bring financial supply chain solutions to companies in the Asia-Pacific region.
  • Japanese messaging platform Line teams up with Nomura to launch online brokerage firm geared toward younger, digitally-oriented traders.
  • Singapore FinTech Association and PwC Singapore look at the demand for talent in the local fintech industry.

Sub-Saharan Africa

  • Ghananian fintech Bezo Money is among the 11 startups to receive an $100,000 investment as part of its graduation from Pan-African incubator MEST.
  • Nigerian startup financial services startup Carbon posts its audited financial information online to promote transparency in the country’s tech market.
  • South African startup Ukheshe raises $500,000 (R7.6 million) for its app that provides payment services for the unbanked.

Top image designed by Freepik

Share this:

Send Post Twitter LinkedIn Facebook

New Investment Makes Numbrs Europe’s Latest Fintech Unicorn

New Investment Makes Numbrs Europe’s Latest Fintech Unicorn
By David Penn Posted on
Categories: Funding, Numbrs

Swiss fintech Numbrs, which demonstrated its PFM solution at FinovateFall in 2013, is back in the fintech headlines in a big way. The company has raised $40 million in new funding that takes the firm’s total capital to nearly $200 million and boosts the company’s valuation to more than $1 billion.

The company did not disclose the round’s investors by name. It did confirm that both existing and new investors participated. The funding is designed to help Numbrs as it prepares to expand outside of its current market in Germany, with the U.K. as the company’s next target.

In a blog post at the Numbrs website, the company highlighted the relatively-exclusive club it has joined when it comes to private firms with a billion-plus valuation and praised the role of private investors in giving Numbrs “the time to build the best technology platform in the financial industry.” Since its founding in 2012, the company has developed partnerships with major FIs such as Barclaycard and Santander. More than two million app downloads and an excess of $11 billion (€10 billion) in managed assets have helped the company’s solution to become the top independent finance app in Germany.

Numbrs leverages machine learning and analytics tools to enable users to better manage their financial lives. Users link one or more accounts to the app and Numbrs goes to work: analyzing finances to create savings plans based on user goals, tracking and categorizing transactions in real-time to help users avoid overspending, and making it easy to handle common banking chores such as checking balances and transferring money.

The Numbrs app also offers a Money Store where users can shop for loans, credit cards, and insurance – just added in April – as well as other financial products and services.

The funding news for Numbrs arrives amid a summer of positive headlines for the company. Numbrs celebrated reaching 2.2 million downloads in July, the same month the company announced hitting the €10 billion mark in terms of assets managed on the platform. The company forged a partnership with Allianz in May, making the company’s insurance products available via the Numbrs app.

Numbrs is headquarterd in Zurich, Switzerland. Martin Saidler is CEO.

Share this:

Send Post Twitter LinkedIn Facebook

CashFlows Partners with Akamai for Defense Against DDoS Attacks

CashFlows Partners with Akamai for Defense Against DDoS Attacks
By David Penn Posted on
Categories: Akamai

Akamai has teamed up with CashFlows to help the U.K.-based fintech protect cardholder and personal data from cyberattack. CashFlows will leverage Akamai’s Kona Site Defender solution, which provides DDoS (distributed denial-of-service) mitigation, web app security, and 24/7 monitoring. CashFlows added that the new security solution from Akamai also will enable it to add more payment options and products to its platform. Cryptocurrencies, data analytics, and gateways were among the additional solutions that could be introduced. All will be supported by Akamai security technology.

CashFlows CTO Mat Peck credited Akamai’s “global network and expertise” in explaining the company’s decision to work together. This expertise included Akamai’s track record in defending companies against some of the largest DDoS attacks in the world. Kona Site Defender runs on the edge servers of the Akamai Intelligent Edge platform. The fact that the system is supported by Fast DNS means that CashFlows can service its customers via local DNS servers while adding a layer of DDoS protection. “We need to make sure anyone anywhere in the world can make local connections to our service, in a way that is resilient and incredibly protected,” Peck said.

One of the first independent U.K. payments firms to be accepted as a principal member of both Mastercard and Visa, CashFlows currently processes payments for more than 1,000 customers and powers 34,000+ ATMs throughout Europe. Founded in 2010 and headquartered in Cambridge, the company provides merchant services, alternative payments, and BIN Sponsorship solutions via its cloud-based payments platform. Martin Belsham is CEO.

Akamai demonstrated the Client Reputation feature of Kona Site Defender at FinovateEurope 2015. The service enables FIs to identify which IP addresses are likely to represent a web or DDoS attacker, web scraper, or scanning tool. More recently, Akamai unveiled its Enterprise Defender solution to help its customers transition toward Zero Trust security regime. The company launched its Edge Cloud solution line in June, which facilitates data delivery between IoT connected devices and in-app messaging at scale. The launch highlighted Akamai’s IoT Edge Connect, a product that provides a secure framework for sending and publishing information using Message Queuing Telemetry Transport (MQTT) common to IoT and in-app messaging.

Akamai began the year with news that it planned to acquire customer identity access management company Janrain. Headquartered in Cambridge, Massachusetts, and founded in 1998, Akamai trades on the NASDAQ under the ticker AKAM. The company has a market capitalization of $14 billion.

Share this:

Send Post Twitter LinkedIn Facebook

Fiserv Drives Digital Transformation for NEFCU

Fiserv Drives Digital Transformation for NEFCU
By David Penn Posted on
Categories: Fiserv

Global US-based fintech, Fiserv, announces its open core platform will now serve Long Island-based credit union, NEFCU, to help transform the credit union’s member experience and drive innovation, reports Ruby Hinchliffe of Fintech Futures (Finovate’s sister publication).

The fintech’s DNA core account processing platform was chosen for its open architecture and APIs, and its ability to service all loan types from a single system. The move to Fiserv will also facilitate NEFCU’s planned introduction of self-service kiosks.

NEFCU, who has more than $3 billion in assets, hopes that through the new partnership it will be able to deliver more personalised services and relevant product offerings, with a look to add integrated solutions from Fiserv too, including content management and wire transfers.

“Our goal is to become the financial institution technology leader on Long Island, and we wanted a core platform that could help us achieve that goal,” said NEFCU CEO, John Deieso. “We needed a core platform that was future-oriented, and a partner committed to continuous investment in its technologies.”

Fiserv believes “the right technology” can enable credit unions to meet “rapidly evolving expectations” expectations of its members and drive growth as a result.

Founded in 1984 and headquartered in Brookfield, Wisconsin, Fiserv demoed its integration of Samsung SDS America’s biometric authentication and collaboration solutions into its Commercial Center: Security solution at FinovateSpring 2018. The company announced late last month that it had completed its $22 billion merger with First Data.

Share this:

Send Post Twitter LinkedIn Facebook