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Transactions: Banks and credit unions choose Fiserv’s Mobiliti

Financial institutions select new mobile banking platform

Whitney McDonaldbyWhitney McDonald
August 3, 2022
in All Posts
Reading Time: 3 mins read
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The following banks and credit unions in June selected Mobiliti from Fiserv’s mobile banking platform, according to a report provided to Bank Automation News by banking data and analytics platform FI Navigator:

  • $18.9 million Blue Water Federal Credit Union, based in Port Huron, Mich.;
  • $36.3 million Sherwin Williams Employees Credit Union, based in South Holland, Ill.;
  • $61.5 million Educational and Governmental Federal Credit Union, based in Hartsdale, N.Y.;
  • $15.3 million Scranton Times Downtown Federal Credit Union, based in Scranton, Penn.;
  • $63.9 million Carver State Bank, based in Savannah, Ga.;
  • $32.5 million Sun Pacific Federal Credit Union, based in Richmond, Calif.;
  • $35.3 million Home Federal Credit Union, based in Clarksburg, W.Va.; and
  • $71.7 million Brokaw Credit Union, based in Westin, Wisc.

Avant becomes official credit card of MLS

Neobank Avant on Monday announced a multiyear partnership with Major League Soccer (MLS) to become the official credit card of the league.

“The strategic partnership with Major League Soccer aligns with our vision and values,” Matt Bochenek, chief executive at Avant, said in a release. “We’re continually building our business in a way that brings value to underserved customers.”

The bank will produce cards designed with all 21 of the MLS’ team logos, in addition to benefits specific to the league, such as pre-sale tickets, express entry to events and increased rewards points for purchases.

Microsoft, Nexi partner on digital payments in Europe

Technology giant Microsoft announced a partnership with Italian bank Nexi to make digital payments more widely available in Italy, Denmark, Sweden and Norway, with plans to expand to other countries.

“Digital payment innovation enables simpler, more frictionless experiences for customers — benefitting financial institutions, companies and consumers,” Ralph Haupter, president of Microsoft EMEA, said in a release.

Microsoft will provide its Azure Cloud platform as part of the agreement, aimed at upscaling European e-commerce and improving both efficiency and security in digital payments. The company also said it will be exploring the use of Nexi’s payment interface for its other products and services.

iCapital acquires SIMON Markets

Wealth management investment fintech iCapital announced Tuesday that it has acquired SIMON Markets, adding SIMON’s investments, annuities, digital assets and risk-management products offering to its platform. Terms of the deal were not disclosed.

“As advisors seek access to non-traditional investment structures to help clients meet long-term financial objectives, they can be supported by a full-service platform offering a comprehensive set of strategies and tool to meet their needs,” Lawrence Calcano, chief executive at iCapital, said in a release.

The acquisition follows iCapital’s recent funding from Bank of America, which enhanced the fintech’s global expansion.

UiPath buys Re:infer

Robotic process automation giant UiPath on Monday announced the acquisition of natural language processing (NLP) company Re:infer, which will give its customers access to unstructured data.

“Every customer conversation contains valuable information about the customer’s preferences and needs, and the organization’s products, services and processes,” Ted Kummert, executive vice president of products and engineering at UiPath, told BAN.

Terms of the deal were not disclosed.

Bank Automation Summit Fall 2022, taking place Sept. 19-20 in Seattle, is a crucial event on automation and automation technology in banking. Early registration ends Friday, Aug. 5. Learn more and register for Bank Automation Summit Fall 2022.

Tags: FiservMicrosoftMobile bankingPremiumtransactions
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