Visa (NYSE:V), the world’s leader in digital payments, today announced the expansion of Visa Fintech Partner Connect — a program designed to help financial institutions quickly connect with a vetted and curated set of technology providers.
By streamlining the discovery process, Fintech Partner Connect can help Visa’s issuing partners create digital-first experiences without the cost and complexity of building the back-end technology in-house. Initially launched in Europe, Visa Fintech Partner Connect is now available to clients in the U.S and in markets across Asia Pacific, Central Europe, the Middle East, Africa, Latin America, and the Caribbean.
With Visa Fintech Partner Connect, Visa clients can discover technology and service providers offering tools and solutions across the customer journey. Visa clients can get in touch with program partners through the Visa Partner website and receive benefits such as reduced implementation fees and pricing discounts.
“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,” said Terry Angelos, senior vice president and global head of fintech at Visa. “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,” said ICBA Bancard President and CEO Tina Giorgio. “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.”
Partners at launch offer a range of solutions, from back-office functions to new front-end services, including:
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