Digital banking service One selects Finxact's Core-as-a-Service

Tuesday 31 March 2020 08:28 CET | News

One, a new digital banking app, has selected Finxact, a provider of Core-as-a-Service banking solutions, to power its service.

One is designed to deliver full-suite banking in one account that allows users to save, spend, share, and borrow in a way that suits their lifestyle and financial goals. One serves the needs of middle-income families across the US, including married or partnered couples who often support children, parents or other family members.

Finxact is a real-time position keeping platform that includes an extensible financial services model.  By accessing its open APIs and extensible components, banks can invent, curate, and launch products. Finxact secured a USD 30 million strategic investment in 2019 and is currently working with multiple US and international financial institutions, from de novo banks to top-tier banks, on projects ranging from full core conversions to digital-only initiatives, according to the official press release.

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Keywords: Finxact, Core as a Service, banking, ONE, banking app, banks, real time, platform, US
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech