Fiserv, a financial services technology solutions provider, and Anthony Thomson, founder of Atom Bank, have rolled out a hosted, software-as-a-service (SaaS) retail bank technology platform Agiliti.
The new solution with modular approach will enable speed-to-market for new entrants into the UK banking sector and rapid delivery of new capabilities for existing financial services providers, according to Fiserv.
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Commenting on the launch, Anthony Thomson said, "Technology is the last major barrier for new entrants to financial services, and Agiliti is offering them a way to overcome it."
"Essentially, this technology will mean that new providers can enter the market without exposing themselves to the lengthy implementation times, risk, and the often prohibitive cost associated with a conventional IT set-up," Thomson added.
Fiserv said that Agiliti has been created to enable new and existing players to quickly deliver retail and SME banking products such as current accounts, savings, and secured and unsecured loans, together with a full suite of payment and transaction capabilities.
In addition, the banking platform will also enable banks to manage customer relationships across all channels and throughout the customer lifecycle and retain full ownership of the customer, the associated data, their brand, and their commercial model.
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By GlobalDataManchester-based firm Think Money is one of the first in the market to have selected the Agiliti solution for its IT operations.
