back Back

Finxact and KPMG announce alliance to drive banking core modernisation and embedded finance transformations

By Edlyn Cardoza

November 22, 2022

  • API
  • Digital Transformation
  • Embed Finance

Finxact, Fiserv, KPMG, Digital Transformation, Financial Institutions, API, Financial Services, USAFinxact, a Fiserv company and one of the leading providers of the next-generation core banking platform for the U.S. regional and super-regional banking sector, announced its alliance with KPMG. As part of the strategic relationship, KPMG will advise and help digitally transform clients on the Finxact platform.

“Universal Banks, transaction-focused banks, ambient banks and fintechs are each facing unique challenges today that must be addressed with modern infrastructure. Whether that challenge is to reach new markets, improve unit economics, or embed finance we are confident that with KPMG’s guidance and the Finxact platform we can help to enable new and winning digital experiences,” said Scott Huie, Financial Services Advisory Principal, KPMG LLP.

KPMG is helping financial institutions across the globe build resilience into their business models to adapt to the pace of market disruption and innovation that is becoming the new normal. According to the latest KPMG Pulse of Fintech H1’22, banks aim to meet the increased demand for new and unique digital experiences to retain and attract customers and are looking to implement next-generation core technology to achieve this.

This new alliance will combine KPMG innovation, digital design, and systems integration capabilities with Finxact’s next-generation core banking platform to deliver differentiated customer experiences, enhance product speed-to-market and help improve cost efficiency. It will also enable banks to reimagine their operating models to compete nimbly and enter new markets.

“This period of transformation requires modernization,” said David Ortiz, Head of Partnerships at Finxact. “KPMG understands the way this manifests uniquely for different banking business models. Together we’re combining technology and expert guidance to help our clients adapt and thrive.”

Finxact is a high-performance, highly scalable, real-time banking platform that leverages an API-first extensible financial services model. By accessing its open APIs and extensible components, banks and FinTechs can develop, test, and launch products at speed required to meet customer expectations in today’s marketplace.

Previous Article

November 22, 2022

Airswift launches a full-stack cryptocurrency payment gateway

Read More
Next Article

November 22, 2022

Airwallex partners with Atome to enable merchants to accept BNPL payments

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024


FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 27, 2024

Šiaulių Bankas taps Temenos to modernize core banking platform

Read More

February 26, 2024

Raqami Islamic Digital Bank taps Codebase Technologies’ Digibanc platform

Read More

February 23, 2024

Axway to buy most of Sopra Banking Software activities for €330m

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023