PortX, a leading financial infrastructure and integration technology company that provides open access to the core and drives innovation for financial institutions with its Integration-Platform-as-a-Service (IPaaS), announces the launch of Fintech Hub 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.”
SOURCE: Businesswire