Think Money Limited implementing Agiliti to rapidly deliver products to market with cost-effective, scalable technology platform
Fiserv, Inc, a leading global provider of financial services technology solutions, announced today that Agiliti from Fiserv continues to gain momentum. With its first client, Think Money Limited, set to go live in early 2016, Agiliti is changing the way banks deliver financial services. The hosted, software-as-a-service (SaaS) retail bank technology solution, modular in its approach, offers a comprehensive software and infrastructure built specifically for the U.K. banking market.
Think Money is the first in the market to have selected the Agiliti solution for its IT operations. The Manchester-based firm enables consumers to establish personal current accounts with unique functionality for budgeting and personal financial management, and also offers loans and insurance.
“In today’s fast-paced world, it is essential to deliver products rapidly and provide an experience that meets our customers’ needs wherever they are,” said Michael Aldred, director of Think Money. “With Agiliti, we are able to meet our customers’ evolving needs with state of the art technology that is cost-effective and scalable.”
“Banking models are changing before our eyes. New banks are entering the market and existing banks are looking to improve digital channel capabilities and provide a richer customer experience,” said Alan Birch, managing director, Agiliti, Fiserv. “With clients like Think Money and others expected to be announced soon, we are changing the way banks manage their IT operations. Agiliti has transparent pricing and low set-up and maintenance costs, which supports banks moving to a SaaS model. Agiliti provides service to deliver the IT required while allowing the bank to focus on their market differentiation.”
Agiliti is designed to enable new and existing players to quickly deliver retail and small and medium enterprise (SME) banking products such as current accounts, savings, and secured and unsecured loans. The award-winning offering includes a full suite of payment and transaction capabilities as well as the ability to manage customer relationships across all channels, throughout the customer lifecycle, and retain full ownership of the customer, the associated data, their brand, and their commercial model.
“We are entering the next phase of the banking revolution, which should bring greater competition and choice for consumers," said Steve Tait, division president, International Group, Fiserv. "Agiliti is an enabling solution to create this change in the U.K. Fiserv is ready to help existing banks change the way they deliver financial services and help new banks get up and running quickly."