Agiliti, the technology platform for challenger banks developed by Fiserv and Metro Bank and Atom founder Anthony Thomson, has signed Manchester-based Think Money as its first client.
Set to go live in early 2016, Think Money enables consumers to establish personal current accounts with functionality for budgeting and personal financial management, and also offers loans and insurance.
“In today’s fast-paced world, it is essential to deliver products rapidly and provide an experience that meets our customers’ needs wherever they are,” said Michael Aldred, director of Think Money. “With Agiliti, we are able to meet our customers’ evolving needs with state of the art technology that is cost-effective and scalable.”
Built specifically for the UK market, the 'pay-as-you-grow' software-as-a-service platform is designed to enable new players to quickly deliver retail and SME banking products such as current accounts, savings, and loans, together with a full suite of payment and transaction capabilities.
Alan Birch, managing director, Agiliti, Fiserv, says: “With clients like Think Money and others expected to be announced soon, we are changing the way banks manage their IT operations. Agiliti has transparent pricing and low set-up and maintenance costs, which supports banks moving to a SaaS model. Agiliti provides service to deliver the IT required while allowing the bank to focus on their market differentiation.”