back Back

Fiserv and NYDIG partner to enable FIs make Bitcoin transactions within their digital banking platforms

By Pavithra R

June 24, 2021

  • America
  • Fiserv
Share

Fiserv and NYDIG partner to enable FIs make Bitcoin transactions within their digital banking platformsFiserv, a leading global provider of financial services technology solutions, has announced partnering with NYDIG, a leading bitcoin technology and financial services company, to empower Financial institutions of all sizes to enable consumers to buy, sell and hold bitcoin through their bank accounts.

The partnership will enable banks and credit unions to meet growing mainstream interest in bitcoin, retain and grow their customer base, and increase non-interest income opportunities. As an extension of the Fiserv commitment to open banking technology, the integration with NYDIG will allow consumers to manage bitcoin transactions directly within their financial institution’s online and mobile banking portals, providing users with an easy way to buy, sell and hold the popular digital asset through their trusted financial institutions.

“Interest in cryptocurrency, and particularly bitcoin, has skyrocketed over the past several years, to the point that bitcoin investing is now a commonplace activity. People continue to turn to financial institutions as a central place to manage their financial activity, and being able to offer this capability will help position banks and credit unions at the forefront of their customers’ financial lives,” said Byron Vielehr, chief digital and data officer at Fiserv.

California based First Foundation Bank is working with Fiserv and NYDIG to bring these capabilities to market.

“Digital assets have caught the eye of consumers and investors. If our industry is truly committed to innovation and the financial future of our clients, we need to lead in this area and help create a secure and trusted platform for using bitcoin for everyday financial matters,” said Scott F. Kavanaugh, CEO of First Foundation Inc.

Besides enabling banks to allow their consumer customers to transact in bitcoin alongside their bank accounts, Fiserv and NYDIG are also working toward implementing additional functionality, including the ability for banks to implement bitcoin based rewards programs.

“Our partnership with Fiserv represents a leap forward in bringing integrated bitcoin transactions to institutions of all sizes, positioning them to meet growing demand and interest from their customers. We look forward to fulfilling our mission of expanding consumer access to bitcoin through their trusted financial institutions with Fiserv,” Robert Gutmann, co-founder and CEO of NYDIG.

Established in 1984, Fiserv is a global provider of payment and financial services technology. The FinTech aspires to move money and information in a way that moves the world. The Firm is a member of the S&P 500 Index and the FORTUNE 500 and is among FORTUNE World’s Most Admired Companies.

Previous Article

June 24, 2021

BayernLB selects Broadridge to streamline regulatory trade reporting

Read More
Next Article

June 24, 2021

Mastercard and LATAM Airlines Group enter seven-year agreement to enhance travel experience

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

America

By 2034, the digital remittance market is expected to reach $83.2bn, 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

May 23, 2024

Octopus Energy to offer BNPL payments with Zopa Bank

Read More

May 23, 2024

4 Wearable PayTech firms enabling cashless payments in Europe

Read More

May 23, 2024

Vitesse secures $93m in Series C Funding to fuel US expansion

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

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