Monday, September 21, 2020

Federal Bank Chooses Fiserv to Support Launch of Their First Independent Credit Card

Must read

AMAZON PRIME VIDEO ANNOUNCES THE GLOBAL PREMIERE OF ANUSHKA SHETTY AND R MADHAVAN-STARRER – NISHABDHAM

MUMBAI, 18 September, 2020. Amazon Prime Video today announced the direct-to-service world premiere of the highly-anticipated Telugu, Tamil and...

Glance Launches Its First Exclusive Cricketainment Series with Danish Sait on Roposo

New Delhi, September 17, 2020. Glance today announced the launch of its 1st Intellectual Property (IP) series "Danish Ki...

Life Is Not Made Up Of One Or Two Big Things, It Is Made Up Of ‘A Million Little Things

Mumbai: September 16, 2020.  Life always feels good when you spend a little We-time with family and friends. Friendship...

TIME ENNA BOSS ALONG WITH OTHER GRIPPING TITLES ON AMAZON PRIME VIDEO

Mumbai, September 16, 2020. This week, Amazon Prime Video delights its viewers with the latest Indian and international entertainment...

Mumbai, August 13, 2020.

Federal Bank (NSE: FEDERALBNK), a leading private sector bank in India, has chosen Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, to enable the digitization of the bank’s end-to-end card issuance and processing cycle, and support the launch of the Federal Bank credit card. The bank will also outsource associated operational processes to Fiserv.
 
With a strong retail and remittance business in India, Federal Bank was looking for a flexible and scalable technology and business process outsourcing (BPO) solution to support the launch and subsequent growth of its credit card business. The bank will utilize FirstVisionTM from Fiserv, an end-to-end managed services solution that enables card issuing and processing with global economies of scale and integrated capabilities that span the card lifecycle. The integrated technology and BPO solution reduce cost of ownership and provide a seamless extension to the bank’s operations.
 
“At Federal Bank, we have a track record of deploying the best digital infrastructure to cater to our customers,” says Shalini Warrier, Executive Director and Business Head – Retail at Federal Bank. “Fiserv supports our digital priorities and expansion plans. Their world-class technology platform and extensive local experience position us to offer an enhanced digital experience to our customers.”
 
The service-oriented architecture and open APIs of FirstVision facilitate rapid application development, enabling new capabilities to be brought to market more quickly and at a lower cost, while helping to ensure local compliance.
 
For financial institutions looking for scalable and cost-effective technology and operational support as they grow, the combination of a software as a service (SaaS) solution and business process outsourcing offers a sustainable model in competitive market environments like India.
 
“The feature-rich card processing platform and operational tools provided by Fiserv help reduce the need for extensive up-front investments,” said Nilufer Mullanfiroze, Country Head – Deposits, Cards & Personal Loans, Retail Banking at Federal Bank. “This allows us to stay agile and focus our resources on delivering relevant solutions and excellent services to our customers as we continue to grow the business.”
 
“The partnership with Federal Bank reinforces our market leadership in providing locally relevant, digital-first solutions to financial institutions in India,” says Ivo Distelbrink, EVP and head of Asia Pacific at Fiserv. “Financial institutions in India are undergoing rapid digital transformation, and have further accelerated their digital agenda during the current pandemic. Fiserv stands ready to provide the right combination of digital capability, infrastructure, personnel and security to help our clients adapt, differentiate and operate more efficiently.”
 
In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

More articles

Latest article

Phrangki Buam signs for FC Goa

Goa, September 19, 2020. FC Goa is delighted to announce the arrival of Phrangki Buam from Shillong Lajong. The...

ITC Ltd.’s Sunfeast YiPPee!’s 10th Anniversary celebrations make a GUINNESS WORLD RECORDS® achievement

New Delhi, September 19, 2020. Sunfeast YiPPee!, one of India’s most popular instant noodles brand, commemorated its 10th Anniversary enriched...

Your money is completely safe with Paytm, and you can continue to enjoy Wallet, Banking & UPI services

New Delhi, September 19, 2020. Paytm, India's homegrown financial services platform has assured its users that their money and accounts are...

Aakash Educational Services Limited launches new television campaign for its Hybrid program

Jaipur, September 19, 2020. Aakash Educational Services Limited (AESL), the national leader in test preparation services, haslaunched a television...

CarDekho Group launches “The everyday hero” TV campaigns

New Delhi, September 19, 2020. CarDekho, India’s leading full-stack auto tech company, has launched its newest TV campaigns ‘The everyday hero’...
Live Updates COVID-19 CASES