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Finxact and KPMG Announce Alliance for Innovative Delivery of Banking & Advisory Services

November 21, 2022

Finxact and KPMG Announce Alliance for Innovative Delivery of Banking & Advisory Services
Finxact, a Fiserv company and a leading provider of the next generation core banking platform for the U.S. regional and super-regional banking sector, announced today its alliance with KPMG.  As part of the strategic relationship, KPMG will advise and help digitally transform clients on the Finxact platform.

“Universal Banks, transaction-focused banks, ambient banks and fintechs are each facing unique challenges today that must be addressed with modern infrastructure. Whether that challenge is to reach new markets, improve unit economics, or embed finance we are confident that with KPMG’s guidance and the Finxact platform we can help to enable new and winning digital experiences,” said Scott Huie, Financial Services Advisory Principal, KPMG LLP.

KPMG is helping financial institutions across the globe build resilience into their business models to adapt to the pace of market disruption and innovation that is becoming the new normal.

According to the latest KPMG Pulse of Fintech H1’22, banks are aiming to meet the increased demand for new and unique digital experiences to retain and attract customers, and are looking to implement next generation core technology to achieve this.

This new alliance will combine KPMG innovation, digital design and systems integration capabilities with Finxact’s next generation core banking platform to deliver differentiated customer experiences, enhance product speed-to-market and help improve cost efficiency. It will also enable banks to reimagine their operating models to compete nimbly and enter new markets.

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