Welcome!

News Feed Item

Fiserv and Anthony Thomson Introduce Agiliti to Accelerate UK Financial Services Industry Transformation

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, and Anthony Thomson, co-founder and former Chairman of Metro Bank and founder of Atom Bank, today announced Agiliti™, a state-of-the-art technology and services solution that enables speed-to-market for new entrants into the UK banking sector and rapid delivery of new capabilities for existing financial services providers.

Agiliti is a hosted, software-as-a-service (SaaS) retail bank technology solution, modular in its approach, with a comprehensive software and infrastructure offering dedicated solely to the UK banking market.

“Technology is the last major barrier for new entrants to financial services, and Agiliti is offering them a way to overcome it. New entrants in particular benefit from the fact that the business model allows them to align costs with business success,” said Anthony Thomson. “Additionally, a technology solution that could have previously taken two to three years to build could now be implemented in as little as six months with Agiliti. Essentially, this technology will mean that new providers can enter the market without exposing themselves to the lengthy implementation times, risk, and the often prohibitive cost associated with a conventional IT set-up.”

Agiliti is designed to enable new and existing players to quickly deliver retail and SME banking products such as current accounts, savings, and secured and unsecured loans, together with a full suite of payment and transaction capabilities; manage customer relationships across all channels and throughout the customer lifecycle; and retain full ownership of the customer, the associated data, their brand, and their commercial model.

Thomson continued: “Agiliti offers banks the IT equivalent of leasing a new car, with a newer model provided whenever it’s launched. This is the next phase of the banking revolution, which should bring greater competition and choice for consumers. We expect a significant number of new banks to open in the UK within the next three years, and Agiliti is ready to help them get up and running quickly, with an economic model that makes good business sense.”

A relaxation of capital and liquidity rules in 2013 for new entrants into the banking market, coupled with public and political desire for more competition, is expected to spur new applications for banking licences in the UK. The financial regulator recently noted that nearly 30 firms have applied for authorisation to become new banks.

“Agiliti offers a compelling solution that enables UK financial services providers to focus on the business of banking,” said Travers Clarke-Walker, Managing Director EMEA at Fiserv. “By utilising Agiliti, organisations can concentrate on those differentiators that secure them genuine competitive advantage – enhancing their brand, developing a strong service ethos, extending their product offering or refining their distribution strategy for example – rather than direct their focus to building and maintaining a costly IT infrastructure.”

Think Money Limited is one of 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 personal financial management, and also offers a comprehensive mortgage and insurance comparison service. Michael Aldred, Managing Director of Think Money Limited, said, “Think Money needed a new solution capable of meeting its needs for rapid product evolution and speedy introduction of new products. Since we began working with Fiserv, we have seen at firsthand the collaborative, flexible and constructive engagement and commercial model that Agiliti offers.”

Fiserv has established a wholly owned subsidiary, Fiserv Financial Service Technologies Limited, to provide Agiliti to the UK market. Anthony Thomson will serve as a non-executive director of the subsidiary.

Additional Resources:

About Fiserv

This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership in financial services technology. As one of FORTUNE® magazine's World's Most Admired Companies, Fiserv is helping clients worldwide achieve best-in-class results by driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

FISV-G

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.