PortX Joins AppMarket From Fiserv to Simplify Fintech Integrations and Accelerate Time to Market for Financial Institutions
PortX, a financial infrastructure and integration technology company, has launched Fintech Hub on AppMarket from Fiserv. This integration simplifies fintech connections for financial institutions using Fiserv's Premier bank platform. Key benefits include:
- Streamlined integrations with Premier through pre-integrated apps
- Cost-effective API-led connectivity between Premier core, Communicator Open, and third-party systems
- Faster, more efficient integration model reducing operational costs
- Accelerated time to market for innovative service offerings
The collaboration aims to support Fiserv's open banking vision, enabling banks and credit unions to access best-of-breed fintechs while maximizing the value of Communicator Open.
PortX, una società di infrastruttura finanziaria e tecnologia di integrazione, ha lanciato il Fintech Hub su AppMarket di Fiserv. Questa integrazione semplifica le connessioni fintech per le istituzioni finanziarie che utilizzano la piattaforma bancaria Premier di Fiserv. I principali vantaggi includono:
- Integrazioni semplificate con Premier tramite applicazioni pre-integrate
- Connettività basata su API economica tra il core di Premier, Communicator Open e sistemi di terze parti
- Modello di integrazione più veloce ed efficiente che riduce i costi operativi
- Riduzione dei tempi di commercializzazione per offerte di servizi innovative
La collaborazione mira a supportare la visione dell'open banking di Fiserv, consentendo a banche e cooperative di credito di accedere ai fintech di eccellenza massimizzando il valore di Communicator Open.
PortX, una empresa de infraestructura financiera y tecnología de integración, ha lanzado Fintech Hub en AppMarket de Fiserv. Esta integración simplifica las conexiones fintech para las instituciones financieras que utilizan la plataforma bancaria Premier de Fiserv. Los beneficios clave incluyen:
- Integraciones simplificadas con Premier a través de aplicaciones preintegradas
- Conectividad rentable basada en API entre el núcleo de Premier, Communicator Open y sistemas de terceros
- Modelo de integración más rápido y eficiente que reduce los costos operativos
- Reducción del tiempo de lanzamiento al mercado para ofertas de servicios innovadores
La colaboración tiene como objetivo apoyar la visión de banca abierta de Fiserv, permitiendo a bancos y uniones de crédito acceder a fintechs de primera clase mientras maximizan el valor de Communicator Open.
PortX는 금융 인프라 및 통합 기술 회사로, Fiserv의 AppMarket에서 Fintech Hub를 출시했습니다. 이 통합은 Fiserv의 Premier 은행 플랫폼을 사용하는 금융 기관을 위한 핀테크 연결을 간소화합니다. 주요 이점은 다음과 같습니다:
- 사전 통합된 애플리케이션을 통한 Premier와의 통합 간소화
- Premier 코어, Communicator Open 및 타사 시스템 간의 비용 효율적인 API 기반 연결
- 운영 비용을 줄이는 더 빠르고 효율적인 통합 모델
- 혁신적인 서비스 제공을 위한 시장 출시 시간 단축
이 협력은 Fiserv의 오픈 뱅킹 비전을 지원하여 은행과 신용 조합이 최고의 핀테크에 접근하면서 Communicator Open의 가치를 극대화하도록 돕는 것을 목표로 합니다.
PortX, une société d'infrastructure financière et de technologie d'intégration, a lancé Fintech Hub sur AppMarket de Fiserv. Cette intégration simplifie les connexions fintech pour les institutions financières utilisant la plateforme bancaire Premier de Fiserv. Les principaux avantages incluent:
- Intégrations simplifiées avec Premier via des applications pré-intégrées
- Connectivité rentable basée sur API entre le cœur Premier, Communicator Open et les systèmes tiers
- Modèle d'intégration plus rapide et plus efficace réduisant les coûts opérationnels
- Délai de mise sur le marché accéléré pour les offres de services innovantes
La collaboration vise à soutenir la vision de Fiserv en matière de banque ouverte, permettant aux banques et aux coopératives de crédit d'accéder à des fintechs de premier ordre tout en maximisant la valeur de Communicator Open.
PortX, ein Unternehmen für Finanzinfrastruktur und Integrations technologie, hat das Fintech Hub auf AppMarket von Fiserv eingeführt. Diese Integration vereinfacht die Fintech-Verbindungen für Finanzinstitute, die die Premier-Bankenplattform von Fiserv nutzen. Die wichtigsten Vorteile sind:
- Vereinfachte Integrationen mit Premier über vorintegrierte Apps
- Kosteneffektive API-basierte Konnektivität zwischen dem Premier-Kern, Communicator Open und Drittsystemen
- Schnelleres, effizienteres Integrationsmodell zur Senkung der Betriebskosten
- Verkürzte Markteinführungszeiten für innovative Dienstleistungsangebote
Die Zusammenarbeit zielt darauf ab, die Vision von Fiserv für Open Banking zu unterstützen, damit Banken und Kreditgenossenschaften auf erstklassige Fintechs zugreifen und gleichzeitig den Wert von Communicator Open maximieren können.
- Launch of PortX Fintech Hub on Fiserv's AppMarket, providing easier access to fintech solutions
- Streamlined integration process for financial institutions using Fiserv's Premier bank platform
- Cost-effective API-led connectivity between core systems and third-party applications
- Reduced vendor management requirements for Fiserv clients
- Accelerated time to market for new financial services and products
- None.
Insights
PortX's integration with Fiserv's AppMarket represents a significant advancement in fintech infrastructure. This collaboration streamlines the process of connecting financial institutions (FIs) with innovative fintech solutions, potentially accelerating digital transformation in the banking sector. The pre-integrated Fintech Hub on AppMarket could reduce implementation times and costs for FIs, allowing them to rapidly deploy new services and compete more effectively.
The partnership's focus on API-led connectivity and the utilization of Fiserv's Communicator Open platform signals a strong push towards open banking. This move aligns with industry trends and regulatory pressures for greater interoperability and data sharing in financial services. For investors, this could indicate potential growth opportunities in the fintech integration space and companies facilitating open banking initiatives.
The PortX-Fiserv collaboration addresses a critical pain point in the banking industry: the complex and often costly process of integrating new fintech solutions. By offering a Connectivity-as-a-Service model, PortX is positioning itself as a key enabler in the fintech ecosystem. This could lead to faster innovation cycles and more diverse service offerings from banks and credit unions using Fiserv's Premier platform.
Importantly, this partnership may help smaller financial institutions level the playing field with larger banks by providing easier access to cutting-edge fintech solutions. The potential for reduced vendor management requirements and lower operational costs could make this particularly attractive to smaller players, potentially disrupting the competitive landscape in retail banking.
PortX is on AppMarket from Fiserv.
Fintech Hub is now available as a pre-integrated app on AppMarket, a marketplace that gives Fiserv clients rapid access to top fintech solutions, helping them attract new customers, boost efficiency, and increase competitiveness.
Additionally, PortX will play a key role in facilitating new fintech onboarding to Fiserv’s AppMarket, providing FIs with an increasing number of options for innovative partnerships.
Simplifying and accelerating real-time access to Premier®.
The partnership will streamline fintech integrations with the Premier bank platform from Fiserv. As a pre-integrated App on AppMarket, PortX Fintech Hub enables Fiserv clients to easily leverage their data through cost-effective, reliable, and reusable API-led connectivity between their Premier core, Communicator Open, and any third-party system. This allows financial institutions to maximize the value of Communicator Open.
Reducing costs with a faster, more efficient integration model.
PortX’s Connectivity-as-a-Service model enables financial institutions to integrate third-party systems more quickly and at a lower cost. By leveraging PortX’s pre-built connectors to Communicator Open, Fiserv clients can streamline third-party fintech connections with their Premier core while reducing vendor management requirements. This model ensures seamless integration, accelerates time to market, and significantly cuts down operational costs, making it an efficient and cost-effective solution.
"We’re excited to support Fiserv’s global vision for open banking through its Communicator Open initiative and helping banks and credit unions access best-of-breed fintechs in the market," said David Wexler, CEO of PortX. "This collaboration highlights Fiserv’s innovative approach to serving its customers by maximizing the value of its product and proactively helping them to reduce costs."
"Having PortX Fintech Hub on AppMarket allows us to provide our clients with fast and cost-effective integration to a wide range of fintech solutions,” said Niranjan Ramaswamy, VP Open Finance, Fiserv. “PortX will help streamline the integration process for our FIs and rapidly accelerate their ability to build innovative service offerings through our partners, setting a new standard for technology infrastructure. As a result, we’re confident that this collaboration will empower our FIs to stay ahead of their competition by harnessing the free flow of customer data between all of their connected fintechs."
About PortX
PortX is the Integration-Platform-as-a-Service focused on financial services infrastructure that allows open access to core data and simplifies integrations to third-party applications like fintechs. Access to data and the freedom to connect with partners enables rapid project delivery, agile innovation cycles, and optimal customer experiences for financial institutions. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, FedNow, and others. For more information, please visit portx.io and connect on LinkedIn.
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World's Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow us on social media for more information and the latest company news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240904228962/en/
Media Contact:
Brad Allen
PR@portx.io
Source: PortX
FAQ
What is PortX Fintech Hub and how does it benefit Fiserv clients?
How does PortX's partnership with Fiserv improve fintech integration for banks?
What is the main advantage of PortX's Connectivity-as-a-Service model for financial institutions?
How does PortX Fintech Hub support Fiserv's open banking vision?
