Financial institutions have come a long way in digitizing payments and payment processes, and many offer robust solutions for P2P (person to person/peer to peer) and B2C (business to consumer) payments. B2B (business to business) payments, however, are still dominated by checks and cumbersome processes, partly due to a technology
Financial institutions once viewed fintechs as a threat to their business, but banks are increasingly recognizing the value of partnering with them. Because they are smaller and nimbler, fintechs can typically innovate much faster than banks can. In a fast-moving marketplace, this dexterity can lend banks a competitive advantage. The
In today’s marketplace, technology develops at lightning speed, and the payments technology market is evolving especially fast. Financial institutions’ payment solutions need to keep up with this pace, yet many FIs cannot move nimbly to new capabilities because they are locked in with vendors through long-term contracts. A five- to
Since we last wrote about Zelle, the P2P payments solution has experienced some significant growth (and an anniversary). While we’ve heard our fair share of financial institution executives lamenting the rise of competing P2P platforms from fintechs, the key for Zelle is that it has some differences that make
The ability to open financial accounts digitally—online, via mobile device, or (preferably) both—is in high demand among bank customers. The traditional account opening process is usually a cumbersome one that requires a visit to the branch to close the deal. But today’s customers—especially younger ones—are branch-averse and want to do
ATLANTA, August 21, 2018 – Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, today announced plans for the addition of a development center in Costa Rica. Responding to increased market demand for its services, Xtensifi is growing its team of
– Accelerates credit union and fintech ability to deploy services for credit union members – ATLANTA , August 8, 2018 – Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, announced the availability of its Xtensifi Tile Accelerator Program (XTAP) for
One of the hottest topics in banking these days is “open banking.” In open banking, banking data is shared through APIs (application programming interfaces) between two or more unaffiliated parties to bring enhanced financial services capabilities to the marketplace. Open banking is about to transform the financial services industry in
Gro Solutions, a leading provider of digital growth solutions for banks and credit unions, announced it has confirmed Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, as a certified development partner for its digital sales platform. The
Migrating from one commercial online banking platform to another is no small task. Some institutions make the move in one “big bang,” while others choose to migrate in phases. Whichever approach proves best for a particular financial institution, Xtensifi recommends being rigid about the process while staying flexible with delivery