Privé Technologies and FIS are pleased to announce they have entered into a collaboration to integrate Privé’s patented digital wealth management “bank-in-a-box” with FIS’s next-gen core banking technology, FIS Modern Banking Platform.
The combination will enable the roll-out of a collaborative digital wealth management platform and services to accelerate global digital transformation for financial institutions. This expands Privé’s “bank-in-a-box” vision to the next level with enhanced core banking functionalities from FIS delivered digitally through microservices and application program interfaces, or APIs.
The modular solutions offered by Privé will become part of the FIS Banking Ecosystem, a network of partnerships that provides proprietary access to FinTech solutions on payments, credits and risks, that help financial institutions to transform their operation according to their own needs and timeline. By connecting Privé’s wealth management capabilities with FIS’s expertise in core infrastructure transformation, the collaboration represents a leap in the integration of wealth services in a typical banking journey experience.
“Customers now expect financial institutions to include personalized financial planning and wealth management, along with traditional banking services,” said David Lee, the president of Privé. He continued, “This collaboration with FIS brings together complementary skills and expertise in core banking digital transformation, customer risk profiling and suitability and digital portfolio management. Privé will work closely with FIS to support financial institutions to digitize their core infrastructure with value-add wealth services as a core value proposition.”
You can learn more about Privé’s wide network of digital solutions at our website, www.privetechnologies.com.
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