Finxact
Finxact offers a cloud-native, API-first core banking platform designed for banking, fintech, and embedded finance, supporting large financial institutions, community banks, and commerce brands with scalable, agile, and adaptive solutions.
Platform for Banking, Fintech, and Embedded Finance
Finxact's platform is specifically designed to cater to the needs of banking, fintech, and embedded finance sectors. It integrates advanced functionalities such as Finxact Payment Rails, providing enhanced payment options. The platform supports community institutions in competing with larger banks and fintechs, and assists commerce brands in embedding financial services discreetly into their customer experiences.
Adoption by Major Banks
Prominent financial institutions such as First Horizon and Live Oak Bank have adopted Finxact’s platform. First Horizon uses the platform to enhance its digital presence and expand its footprint across the United States. Live Oak Bank implemented Finxact to better cater to the needs of its small business clients, illustrating the platform's versatility and capability to support different banking segments.
Cloud-Native, Event-Driven Core
Finxact's core banking platform is cloud-native and event-driven, designed to meet the performance requirements of large financial institutions and brands. It supports the real-time, high-velocity processing of transactions and features an extensible architecture to allow the integration of new capabilities and functionality. The platform can support more than 51,000 API calls per second, demonstrating its robust performance.
API-First Approach
Finxact's platform is built on an API-first architecture, granting customers control over their banking solutions. It supports modern RESTful APIs that provide CRUDL access to customer and transaction data, enabling seamless integration and rapid delivery of new banking experiences. This architecture supports both incremental transformation and the creation of new products through reusable components.
Integrated Ecosystem and Services
Finxact's platform is part of a modern ecosystem of trusted partners designed to foster innovation and growth. It is fully integrated with the Fiserv product suite and includes tools and documentation from the Fiserv Developer Studio. The platform supports online account opening, payments, credit card services, treasury services, and offers end-to-end support for Real-Time Payments (RTP) and Fedwire FAIM messaging and settlement.