Finastra and FintechOS have partnered to streamline customer onboarding processes, both online and in branches. This collaboration focuses on enhancing account origination for small businesses and retail clients by merging FintechOS’s low-code technology with Finastra’s Phoenix core banking system and MalauzAI Digital Banking platform.
The resultant solution is designed to minimize the administrative and verification delays typically associated with traditional account opening procedures. By combining Finastra’s robust core infrastructure with FintechOS’s flexible origination platform, financial institutions can now manage pricing, product tiers, eligibility criteria, and bundled services via a unified interface. These settings can be deployed consistently across web, mobile, and branch environments without requiring repeated configurations.
Facilitating seamless onboarding for smaller banks
Finastra representatives highlighted that this integration caters to community and regional financial institutions aiming to provide consistent digital and in-person experiences. They emphasized how FintechOS introduces a flexible product and pricing layer, enhancing personalization capabilities while enabling institutions to extend their existing technology infrastructure rather than replace it.
FintechOS officials noted the initiative addresses growing market demands for faster deployment of new digital products by banks. By connecting its origination and onboarding platform with Finastra’s core systems, FintechOS aims to assist financial institutions in accelerating development timelines while ensuring compliance and security standards are maintained. It is worth noting that this solution will be accessible to shared customers, with early access being provided through both companies.
FintechOS specializes in developing low-code, AI-enabled tools that enable banks and insurers to design and distribute financial products without significant infrastructure changes. Finastra offers banking software and payment solutions utilized by institutions across over 130 countries.
