FirstRand Group , an Africa-based bank, has selected Fiserv , a global provider of payments and fintech, to help with its digital transformation and support broader innovation in the EMEA region. The bank will leverage Fiserv’s Finxact, a cloud-native, real-time banking solution that offers access to data, to support the growth objectives of its customer franchises FNB (First National Bank) and RMB (Rand Merchant Bank). FirstRand chooses Fiserv’s system Digital transformation and Embedded Finance As financial institutions and businesses across all industries look for fast-growing digital technology for embedded commerce, finance, and payments, Finxact will take the place of FirstRand’s current system to provide improved capabilities and create modern and personalised digital banking services. Finxact is a system of record and a transaction processing engine that supports all asset classes, currencies, and time zones. FirstRand Group chose Finxact for its system which enables growth and the ability to deliver personalised solutions at speed. FNB focuses on retail and commerce banking, offering services like personal and business accounts, loans, mortgages, and digital banking solutions. RMB specialises in corporate and investment banking, providing services like mergers and acquisitions, structured finance, asset management, and capital market solutions. FNB’s customers have 30 million […]
FirstRand Group selects Fiserv to improve digital transformation
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