Finastra and i2c Inc. Join Forces for Enhanced Banking Services
The partnership between Finastra and i2c Inc. marks a significant evolution in the banking sector, focusing on delivering state-of-the-art debit card issuance and digital wallet solutions tailored for financial institutions across North America.
Introducing a New Era of Payment Solutions
This innovative collaboration is set to elevate core banking experiences with highly-responsive, digital-first payment features. Clients of Finastra, which offers a robust banking infrastructure, will now benefit from the advanced capabilities of i2c's card processing services.
With this integration, banks and credit unions can provide their customers with popular digital wallet options, including Apple Pay, Google Pay, and Samsung Pay. Furthermore, these institutions will gain valuable functionalities such as cardholder alerts and customizable controls, significantly enhancing the customer journey.
Seamless API Connectivity
The foundation of this offering lies in the seamless API connectivity between i2c's comprehensive card processing suite and Finastra's Phoenix platform. This open and adaptable core solution empowers financial institutions to stay competitive by ensuring they are equipped to meet future demands.
"The agility and flexibility showcased by i2c in offering digital wallet solutions make them the perfect partner for us," stated Peter Longo, Vice President of Product Management for US Core and Digital at Finastra. This partnership supports Finastra’s commitment to providing cutting-edge payment solutions that positively impact customer engagement.
Building Financial Success Together
According to Seth Perlman, the Global Head of Product at i2c, this partnership combines the strengths of both organizations. By leveraging their respective innovations, they aim to help financial institutions streamline operations, enhance customer experiences, and improve profitability.
The collaborative venture commenced earlier this year with future service expansions already planned, promising more innovative solutions down the line.
About Finastra
Finastra is recognized as a global leader in financial services software catering to various sectors, including Lending, Payments, and Universal Banking. The organization's mission is to harness technology to empower financial institutions, businesses, and communities alike. Finastra’s commitment to open finance has garnered the trust of approximately 8,100 financial institutions globally, including 45 of the world’s top 50 banks.
About i2c Inc.
i2c Inc. provides a highly configurable suite of banking and payment solutions, using innovative building-block technology. Established in 2001 and headquartered in Silicon Valley, i2c supports a diverse range of banking solutions worldwide, serving millions of users in over 200 countries. The next-generation technology ensures high standards of flexibility and security, positioning i2c as a leader in the industry.
Frequently Asked Questions
What is the primary focus of the Finastra and i2c partnership?
The partnership aims to enhance debit card issuance and digital wallet solutions for North American financial institutions.
What services does i2c provide to its clients?
i2c offers a suite of banking and payment solutions that include advanced card processing, digital wallet capabilities, and comprehensive control features.
How does the integration benefit banks and credit unions?
It allows them to offer popular digital wallets and enhances customer experience through tools like cardholder alerts and controls.
What technology framework is used in this partnership?
The collaboration utilizes seamless API connectivity between i2c’s processing suite and Finastra Phoenix, an adaptable core banking solution.
What are Finastra's goals in this partnership?
Finastra seeks to provide its clients with cutting-edge payment solutions that enhance customer experiences and streamline banking operations.
