ClickSWITCH to Deliver Account Switching Technology to Finastra Clients

ClickSWITCH to Deliver Account Switching Technology to Finastra Clients
25.02.2020 11:26 am

ClickSWITCH to Deliver Account Switching Technology to Finastra Clients

Retail Banking

ClickSWITCH today announced that it would deliver ClickSWITCH’s technology to clients of Finastra’s core banking solutions, Fusion Phoenix and Fusion UltraData. The two companies already share some overlap of clients, including both banks and credit unions.

“Finastra is always looking for ways to add business value for its client base by collaborating and integrating with innovative third-party fintechs. Fusion Phoenix with its open architecture, rich open REST-based API and fintech-friendly approach makes it very easy for fintechs to integrate with our core,” said Milind Pathak, Senior Director, Product Management, Finastra. “Leveraging ClickSWITCH, our Fusion Phoenix and Fusion UltraData core clients will be able to grow their deposits and increase customer engagement.”

ClickSWITCH provides a solution to financial institutions allowing customers to switch direct deposits and recurring payments in just a few minutes. The solution also enables financial institutions and fintechs the ability to fund new accounts and increase the profitability of new account holders.

“This integration will answer the request from ClickSWITCH clients for tighter integration with Finastra products to expedite the switching of direct deposits and payments,” commented Eric Edwards, Chief Revenue Officer for ClickSWITCH. “Additionally, the relationship enables us to remove onboarding friction for new customers of Finastra – for banks and credit unions – facilitating preferred financial institution status and encouraging customer loyalty more quickly.”

 

Related News

Masthaven launches fees-free remortgage range

Masthaven Bank has today launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has... Read more »

TSB unveils support for SME suppliers and customers during Coronavirus outbreak and beyond

TSB announced it will ensure that all of its smallest suppliers will be paid within just 10 days of invoicing the bank. The move will apply to all companies that supply goods... Read more »

Metro Bank and ezbob partner to deliver next-generation small business loans platform

Metro Bank has today announced a new partnership with award-winning Lending-as-a-Service (LaaS) provider ezbob to offer Metro Bank’s business customers fast, secure and... Read more »

Starling Bank Creates 400 Jobs in Cardiff with Opening of Third UK Office

Starling Bank has opened its third UK office, creating 400 data science, fraud and customer service jobs in Cardiff.

The app-only bank has made a strong start to 2020 as... Read more »

Finastra powers retail banking innovation with four new fintech apps on FusionStore

Finastra today announced the launch of four new retail banking apps on ... Read more »

In-memory Computing Platform Hazelcast Raises $28.5m

Hazelcast, the leading in-memory computing platform that delivers radically fast application performance at scale, today announced the expansion of its Series D round due to... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel