Visa expands its Fintech Partner Connect program

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Visa (NYSE: V), the global leader in digital payments, today announced the extension of Visa Fintech Partner Connect, a program designed to help financial institutions quickly connect to a select and select set of technology providers .

By streamlining the discovery process, Fintech Partner Connect can help Visa’s issuing partners create digital experiences without the cost and complexity of building back-end technology in-house. Initially launched in Europe, Visa Fintech Partner Connect is now available to customers in the United States and markets in Asia Pacific, Central Europe, Middle East, Africa, Latin America and the Caribbean .

With Visa Fintech Partner Connect, Visa customers can discover technology and service providers offering tools and solutions throughout the customer journey. Visa customers can connect with program partners through the Visa Partner website and receive benefits such as reduced implementation fees and rate discounts.

“In today’s climate, creating a competitive financial product requires more technology than ever before. Consumers want seamless interactions across mobile and web, and they want access to a greater range of digital banking capabilities, ”said Terry Angelos, senior vice president and global head of financial technology at Visa. “We have brought together a community of payment and banking technology platforms to streamline the process of discovering and sourcing our customers, with the ultimate goal of accelerating the adoption of digitally-driven innovations.

“Community banks will continue to evolve to better meet the needs of their customers and communities, which means embracing the latest digital tools and technologies while staying true to their relationship banking roots,” said President and CEO of ICBA Bancard, Tina Giorgio. “Programs like Visa Fintech Partner Connect that help speed up the process of finding and verifying fintech vendors can help small banks accelerate their digital roadmap, retain and expand their customer base while lowering costs. “

Launch partners offer a range of solutions, from back-office functions to new front-end services, including:

Account opening: Alloy, Global Data Consortium, Idemia, Jumio, Middesk, Neuro-ID, Onfido
Data aggregation, analysis and security: Argyle, Codat, Fidel, GoodData, Personetics, Railz, Skyflow, Provenir, Very Good Security
Customer engagement and new services for cardholders: Extend, Fintel Connect, FirstSource, TravelBank, Western Union
Operations and Compliance: Canopy, Hummingbird, Unit21

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