Fiserv Offers Developers Access to Its Banking Hub

Fiserv says it has made it easier for financial institutions and FinTechs to collaborate.

The payments and financial services technology solutions company announced Thursday (Oct. 19) that it had streamlined access to its core banking application programming interfaces (APIs). 

That gives third-party developers instant access to collaborative services via Banking Hub, a single location to tap into Fiserv banking APIs within its Developer Studio, the company said in a news release, noting that more than 500 developers were already using the workspace.

“Instant self-service integration tools address developers’ need to efficiently test live banking APIs and streamline the path to bring next-generation banking solutions to market,” Tom Eck, senior vice president of digital technology at Fiserv, said in the release.

“This launch is part of our broader strategy to make it faster and easier for financial institutions, fintechs and merchants to connect with each other and work together to launch unique initiatives that enhance customer relationships and expand revenue opportunities,” Eck added. 

Thursday’s announcement comes amid a busy month for Fiserv, which on Wednesday (Oct. 18) announced that it was offering embedded payments and banking solutions to digital platforms and merchants. 

“We’re driven to bring the full stack of leading merchant and banking capabilities to our clients, reducing the time it takes them to get into the market,” said Sunil Sachdev, head of embedded finance at Fiserv. “This simplified delivery model for embedded finance will enable software platforms and marketplaces to establish stronger relationships with their brands and merchants while significantly expanding revenue potential.”

And last week, the company launched a data-sharing partnership with data network Plaid, which lets customers of Fiserv-hosted banks and credit unions connect to the more than 8,000 applications and services on the Plaid network via “secure and reliable data sharing” APIs, as the companies said in their announcement. 

Following the announcement, PYMNTS’ Karen Webster spoke with Matt Wilcox, president of digital payments at Fiserv, about the partnership.

At a high level, said Wilcox, “there’s not been an announcement like this in the marketplace,” and it’s one that lessens the work that Plaid must undertake to maintain connectivity with those thousands of FIs. 

He added Fiserv has already had the components in-house — as well as a background as a data aggregator — to form the foundation of that connectivity.