Transforming Digital Payments: Finastra and i2c Join Forces
Strategic Alliance between Finastra and i2c Inc.
The collaboration between Finastra and i2c Inc. marks a significant milestone in the evolution of digital payment services.
Elevating Financial Services to a New Level
The partnership aims to enhance core banking offerings, introducing real-time, digital-first payment features that resonate well with today's tech-savvy consumers.
Providing Advanced Solutions to Clients
Through this alliance, Finastra's clients, including banks and credit unions, will gain access to i2c's comprehensive suite of card processing and other value-added services.
Revolutionizing Payment Options
Organizations that transition to i2c's processing solutions will be equipped to provide popular digital wallet options, such as Apple Pay, Google Pay, and Samsung Pay, thereby enriching their customer experience.
Seamless Integration and API Connectivity
This innovative solution hinges on seamless API connectivity, linking i2c's card processing suite with Finastra Phoenix, an adaptable core banking solution. This integration empowers banks and credit unions to maintain a competitive edge in their sectors.
Leadership Perspectives on the Partnership
Peter Longo, VP of Product Management at Finastra, expressed enthusiasm about the collaboration, highlighting i2c's flexibility and expertise in delivering digital wallet solutions. He stated that the decision to collaborate with i2c was based on their significant industry knowledge and extensive technological infrastructure.
Commitment to Customer Experience
Longo emphasizes that this partnership will provide financial institutions with essential tools to enhance customer experiences while simultaneously streamlining operations.
i2c's Insights into the Collaboration
Seth Perlman, Global Head of Product at i2c, also shared his excitement about the partnership. He noted that the collaboration aims to help financial institutions improve customer experience, increase profitability, and enjoy reliable, hassle-free operations.
Towards a Future of Digital Convenience
The cooperation commenced earlier this year, with plans for ongoing enhancements and expanded service offerings in the near future, reinforcing both companies' commitment to innovation.
About the Partners
Finastra is a global provider of financial services software across various sectors, including Lending, Payments, and Capital Markets, focused on facilitating open finance through collaborative technology.
i2c Inc. offers highly customizable banking and payment solutions, supporting clients in building comprehensive banking solutions using advanced technology that ensures flexibility, security, and reliability.
Frequently Asked Questions
What is the purpose of the Finastra and i2c partnership?
The partnership aims to enhance digital payment solutions, offering advanced debit card issuance and wallet services for North American financial institutions.
How will this partnership benefit financial institutions?
The collaboration will enable institutions to provide popular digital wallets and advanced card features, improving customer experiences and operational efficiency.
What technology underpins the partnership's offerings?
The solutions are built on seamless API connectivity between i2c's processing capabilities and Finastra Phoenix, enhancing operational agility for financial institutions.
When was the partnership announced?
The partnership was announced earlier this year, with plans for further enhancements and expansions in their service offerings.
Who are the key executives involved in the partnership?
Peter Longo from Finastra and Seth Perlman from i2c have both expressed their enthusiasm for the collaboration and its implications for the financial sector.
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