PAYMENTS

Visa Enables Users To Have Digital-First Banking And Payment Experiences

Visa | May 27, 2021

Visa, the global leader in digital payments, announced today the expansion of Visa Fintech Partner Connect, a programme designed to enable financial institutions swiftly engage with a verified and selected group of technology suppliers. Fintech Partner Connect, by expediting the discovery process, can assist Visa's issuing partners in creating digital-first experiences without the expense and complexity of establishing the back-end technology in-house. Visa Fintech Partner Connect, which was initially introduced in Europe, is now available to clients in the United States as well as markets in Asia Pacific, Central Europe, the Middle East, Africa, Latin America, and the Caribbean.

Visa clients may use Visa Fintech Partner Connect to find technology and service suppliers who provide tools and solutions across the customer experience. Visa customers can contact programme partners via the Visa Partner website to gain benefits such as lower installation fees and pricing concessions.

“In today’s climate, building a competitive financial product requires more technology than ever before. Consumers want seamless interactions across mobile and web, and they want access to a greater suite of digital banking capabilities,” explains senior vice president and global head of Fintech at Visa, Terry Angelos. He further adds, “We’ve assembled a community of payment and banking technology platforms to streamline the discovery and procurement process for our clients—with the ultimate goal of accelerating adoption of digital-first innovations.”

“Community banks will continue to evolve to best serve the needs of their customers and communities, and this means embracing the latest digital tools and technologies while also staying true to their relationship banking roots,” continues CEO and President of ICBA Bancard, Tina Giorgio. She further states, “Programs such as Visa Fintech Partner Connect that help expedite the process of sourcing and vetting financial technology providers can help smaller banks accelerate their digital roadmap, retain and expand their customer base while reducing costs.”

At the outset, partners provide a variety of solutions, ranging from back-office activities to new front-end services, such as:

• Account Opening: Alloy, Global Data Consortium, Idemia, Jumio, Middesk, Neuro-ID, Onfido

• Data Aggregation, Analytics and Security: Argyle, Codat, Fidel, GoodData, Personetics, Railz, Skyflow, Provenir, Very Good Security


• Customer Engagement and New Cardholder Services: Extend, Fintel Connect, FirstSource, TravelBank, Western Union

• Operations and Compliance: Canopy, Hummingbird, Unit21

About Visa Inc.
Visa Inc. is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

Spotlight

Although banks have traditionally been considered pioneers of process automation, they now find themselves in the background of today’s consumer-led, digitized financial services landscape.Insurgent financial technology competitors (fintechs) are disrupting traditional banking strongholds worldwide, bringing to market a wide assortment of innovative plug-and-play, multi-channel banking solutions. Such offerings including digital wallets and peer-to-peer (P2P) lending and payment offerings are increasingly finding favor among today’s device-obsessed consumers.


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FINTECH

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WEALTH MANAGEMENT

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Spotlight

Although banks have traditionally been considered pioneers of process automation, they now find themselves in the background of today’s consumer-led, digitized financial services landscape.Insurgent financial technology competitors (fintechs) are disrupting traditional banking strongholds worldwide, bringing to market a wide assortment of innovative plug-and-play, multi-channel banking solutions. Such offerings including digital wallets and peer-to-peer (P2P) lending and payment offerings are increasingly finding favor among today’s device-obsessed consumers.

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