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Tag: Finxact

IDC Names 2023’s Top 100 Fintech Providers in the World – Fintech Singapore

The International Data Corporation (IDC), a leading provider of market intelligence and advisory services for the information technology, telecommunications and consumer technology markets, has...

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Primis Bank chooses Savana’s automation platform

Primis Bank has chosen financial software provider Savana to help automate processes between its core and customer channels for more efficient self-service capabilities.  The...

Core Banking Software Company Finxact Forges Strategic Partnership with KPMG

Finxact forged a strategic partnership with KPMG this week.The alliance will combine KPMG’s design and systems integration capabilities with Finxact’s core bnking platform.Finxact...

Zenus Bank chooses Finxact for digital transformation

Zenus Bank has tapped cloud-native core banking solution Finxact to scale its digital transformation.  The San Juan, Puerto Rico-based bank’s new platform is expected...

Transactions: Community banks automate loan pricing, move off legacy cores

Huntingdon Valley Bank announced Tuesday that it will use nCino for artificial intelligence (AI)-based loan pricing and profitability modeling. The Huntingdon Valley, Pa.- based bank’s previous pricing models were inefficient and built around time-intensive manual procedures, Hugh Connelly, executive vice president and chief lending officer at the community bank, said in a release. The nCino […]

Listen: The big news this week? Banks and cores move to the cloud

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team discusses the big trend this week in banking technology: the shift to cloud services. The cloud-focused news started Monday, with news that Fiserv will acquire cloud-native digital banking solution Finxact. This is the first true cloud-native core banking solution running on […]

Fiserv touts bank and fintech partnerships, 11% revenue growth in Q4 earnings

Core provider Fiserv’s market strategy continues to focus on bank partnerships and fintech acquisitions as revenues grow and development picks up speed. Financials were in line with expectations, Fiserv Chief Executive Officer Frank Bisignano said during today’s fourth-quarter earnings call. Adjusted revenue was $4 billion, up 11% year over year. Financial technology revenue clocked in […]

Fiserv acquires rival core vendor Finxact for $650m

Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.

Fiserv to acquire cloud-native banking solution Finxact

Fiserv and Jack Henry made announcements today that show core providers are shifting their strategies to the cloud. Fiserv — an early investor in Jacksonville, Fla.-based core-as-a-service provider Finxact — plans to acquire the remaining ownership of the company for approximately $650 million, Fiserv said in an announcement. Through the acquisition, Wisconsin-based Fiserv will acquire […]

Fiserv Agrees to Acquire Finxact in Deal Valued at $650 Million

Fiserv has agreed to acquire Finxact in a transaction valued at $650 million. The acquisition will help bolster Fiserv’s position as “partner of choice” for firms looking to add to their digital banking offerings. First Data Ventures, the corporate arm of 2019 Fiserv acquisition First Data, was an early investor in Finxact. Leading fintech and Read more...

The post Fiserv Agrees to Acquire Finxact in Deal Valued at $650 Million appeared first on Finovate.

Fiserv Signs a Definitive Agreement to Acquire Finxact

The Nasdaq-listed provider of payments and financial services technology, Fiserv announced today that the company has signed a definitive agreement to acquire Finxact, one of the fastest-growing fi...

Digital Transformation: Finaxct Cloud Core Now Being Used by Live Oak Bank

Finxact, an established Core as a Service banking provider, reveals that Live Oak Bank, a small business bank, has converted its retail and...

Frank Sanchez of Finxact

Today we are talking to Frank Sanchez of the cloud based SaaS banking software company Finxact. Here’s Frank with his answers to our...

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