infotechlead

Fiserv wins financial technology deal from Federal Bank

Federal Bank has selected Fiserv, a provider of payments and financial services technology solutions, to digitize the bank’s card issuance and processing cycle, and support the launch of the Federal Bank credit card.
Fiserv imageThe bank will also outsource associated operational processes to Fiserv.

Federal Bank will utilize FirstVision from Fiserv, a managed services solution that enables card issuing and processing. The integrated technology and BPO solution reduce cost of ownership and provide a seamless extension to the bank’s operations.

“Fiserv supports our digital priorities and expansion plans. Their technology platform and local experience position us to offer an enhanced digital experience to our customers,” said Shalini Warrier, executive director and business head – Retail at Federal Bank.

Ivo Distelbrink, head of Asia Pacific at Fiserv, said: “Financial institutions are undergoing rapid digital transformation, and have accelerated their digital agenda during the current pandemic.”

Latest

More like this
Related

Cognizant to create 8,000 tech jobs with Vishakhapatnam campus amid strategic shift

Cognizant Technology Solutions will invest ₹15.82 billion ($182.76 million)...

Jaquar Group accelerates digital transformation with Salesforce partnership

Jaquar Group, a manufacturer of bathroom and lighting solutions,...

HCLTech’s AI focus and strategy in financial services business

HCLTech is reshaping its financial services strategy to address...

Salling Group selects TCS to lead strategic tech transformation, fueling growth

Salling Group, Denmark’s largest retail group, has selected Tata...