Visa accelerates adoption of digital-first innovations with Visa FinTech Partner Connect

By Pavithra R

Visa has announced the expansion of Visa FinTech Partner Connect, a program designed to help financial institutions connect with a vetted and curated set of technology providers quickly.

The FinTech Partner Connect by y streamlining the discovery process can help Visa’s issuing partners create digital-first experiences without the cost and complexity of building the back-end technology in-house. The program was initially launched in Europe, and is now available to clients in the U.S and in markets across Asia Pacific, Central Europe, the Middle East, Africa, Latin America, and the Caribbean.

“In today’s climate, building 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 suite of digital banking capabilities. We’ve assembled a community of payment and banking technology platforms to streamline the discovery and procurement process for our clients—with the ultimate goal of accelerating adoption of digital-first innovations,” said Terry Angelos, senior vice president and global head of fintech at Visa.

With Visa FinTech Partner Connect, Visa clients can discover technology and service providers offering tools and solutions across the customer journey. Clients can get in touch with program partners through the Visa Partner website and receive benefits such as reduced implementation fees and pricing discounts.

Partners at launch offer a range of solutions, from back-office functions to new front-end services, including:

• Account Opening: Alloy, Global Data Consortium, Jumio, Middesk, Neuro-ID, Idemia, Onfido
• Data Aggregation, Analytics and Security: Argyle,  Fidel, GoodData, Personetics, Railz, Codat, Skyflow, Provenir, Very Good Security
• Customer Engagement and New Cardholder Services: Fintel Connect, FirstSource, Extend, TravelBank, Western Union
• Operations and Compliance: Unit21, Canopy, Hummingbird,

“Community banks will continue to evolve to best serve the needs of their customers and communities, and this means embracing the latest digital tools and technologies while also staying true to their relationship banking roots. Programs such as Visa FinTech Partner Connect that help expedite the process of sourcing and vetting financial technology providers can help smaller banks accelerate their digital roadmap, retain and expand their customer base while reducing costs,” said ICBA Bancard President and CEO Tina Giorgio.

Established in 1958, Visa is a global payments technology company working to enable consumers, businesses, banks, and governments to use digital currency. Its advanced global processing network, VisaNet, provides secure and reliable payments and can handle more than 65,000 transaction messages a second. Its global commitment to sustainability and reducing the environmental footprint of its operations are components of commitment to leading environmental, social and governance (ESG) best practices.