Finastra and i2c Collaborate to Transform Payment Solutions for North American Banks

Partnership for Payment Innovation

In a significant move towards modernizing financial transaction systems, Finastra, a leading provider of financial services software, has announced a strategic alliance with i2c Inc., a premier banking and payments solutions provider. This partnership aims to empower North American banks and credit unions by offering enhanced debit card issuance and digital wallet solutions.

Revolutionizing Payment Issuance

This collaboration highlights the increasing demand for seamless payment transactions in today’s fast-paced financial environment. By leveraging i2c's suite of card processing services, Finastra's clients will gain access to popular digital wallets including Apple Pay, Google Pay, and Samsung Pay. This move aims to provide banks with the tools they need to meet their customers' evolving payment preferences, while also improving overall transaction security.

Peter Longo, the Vice President of Product Management at Finastra, underscores the importance of this partnership, stating, “i2c's agility in delivering digital wallet solutions makes them an ideal partner for us as we strive to offer our clients top-notch payment services. Their expertise and ongoing technological advancements keep our clients competitive amid a rapidly changing market.”

Enhancing Customer Experiences

Furthermore, clients transitioning to i2c's processing platform will benefit from advanced features such as customizable cardholder alerts and controls. This not only enhances the user experience but also allows financial institutions to provide personalized services that foster customer loyalty.

According to Seth Perlman, Global Head of Product at i2c, the partnership is geared towards helping financial institutions streamline operations and improve overall customer satisfaction. He emphasizes that i2c’s highly reliable and scalable platform allows customers to operate worry-free while boosting profitability.

Future-Proofing Financial Institutions

The technology integration between i2c's card processing and Finastra’s Phoenix core software is designed to future-proof these institutions. Finastra Phoenix is recognized for its flexibility, making it a perfect fit for banks and credit unions looking to innovate and adapt to the demands of digital banking.

As the world increasingly shifts towards digital transactions, it is crucial for financial institutions to stay ahead of the curve. The Finastra-i2c partnership is a strategic response to this need, providing a comprehensive solution that prioritizes customer experience and operational efficiency.

What's Next?

This collaboration has already begun rolling out its solutions and is set to expand its services in the coming months. With an emphasis on technological innovation, this partnership will reshape how financial services are delivered, making them more accessible and user-friendly.

About Finastra

With a commitment to unlocking the potential of people and communities globally, Finastra provides an array of financial software applications across sectors such as Lending, Payments, and Universal Banking. Trusting roughly 8,100 financial institutions, including 45 of the top 50 global banks, Finastra is at the forefront of the open finance era, driving positive change through technology and collaboration.

For further details, visit finastra.com.

About i2c Inc.

Founded in 2001, i2c Inc. has established itself as a global leader in configurable banking and payment solutions, utilizing proprietary technology to enable clients to efficiently manage their services. i2c fosters an environment of innovation, supporting millions of users across 200+ countries. Visit i2cinc.com for more information on their offerings.

In conclusion, the collaboration between Finastra and i2c marks a significant milestone in the integration of modern financial technology, setting the stage for a more agile and customer-centric banking future.