Finxact will provide FirstRand Group with improved data to drive its digital transformation. Credit: MacroEcon/Shutterstock. South African financial services provider FirstRand Group has chosen Fiserv ‘s cloud-based banking platform, Finxact. Finxact will provide FirstRand Group with improved data to drive its digital transformation, supporting the wider innovation efforts and growth goals of its customer divisions, First National Bank ( FNB ) and Rand Merchant Bank (RMB). FirstRand chief digital officer Kevin Mitchell said: “As customer expectations evolve, Finxact provides a modern, flexible system that enables greater innovation and the ability to deliver personalised solutions at speed. “After evaluating multiple options, we found that Finxact stood out as the preferred platform to deliver this level of agility and support the evolving needs of the business.” Fiserv stated that its Finxact platform will offer the capability to develop “modern”, “flexible”, and tailored digital banking experiences. It described Finxact as a transaction processing engine that supports all asset classes, currencies, and time zones. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Company Profile – free sample Not ready to buy yet? Download a […]
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