The combination of the Fiserv technology stack, including a real-time core, card processing, and issuance, with Central Payments’ award-winning Open*CP Fintech API Marketplace®, which includes program management and compliance oversight, enables fintechs and nearly any other business to create valuable products and services that more holistically meet the rising expectations of consumers and small businesses. For those with established card programs, this provides access to more comprehensive and regulated core banking and payment services.

As fintech offerings have grown more robust, so has consumer demand to access their money through digital experiences outside of traditional banking channels. In many cases, this means enabling non-chartered fintechs and other businesses to deliver financial services, such as debit cards, secure credit, stored value cards, unsecured credit and more. Fiserv and Central Payments bring together a BaaS platform, products and services, and access to a network of sponsor banks to support a wide spectrum of innovative use cases across retail and business.

“As fintechs and financial institutions work together to create compelling financial offerings, speed to market, a robust and flexible tech stack and streamlined operations are essential,” said Sunil Sachdev, head of Fintech and Growth at Fiserv. “Together, Fiserv and Central Payments can deliver these requirements without compromising compliance and risk controls needed to safeguard all parties.”

Fiserv and Central Payments provide everything needed for a fintech or other company to connect with a sponsor bank, launch, and manage unique payments products and services. Fiserv financial institution clients pursuing a fintech partnership can also engage with Fiserv and Central Payments for go-to-market program management support.

“This combination of technology, services, program management and bank partners will help any business become a fintech without the need to add the staff or expertise to manage the program in-house,” said Eric Cotton, Executive Vice President and General Manager at Central Payments. “Those that may want to manage their program in-house eventually can also use our services as a lower risk model to get to market quickly with a proof-of-concept.”