Question : Which one of the following statement is correct regarding Federal Bank & Fiserv partnership ?
(a) Federal Bank Chooses Fiserv to Support Launch of Their First Independent Credit Card
(b) Federal Bank Chooses Fiserv to Support Launch of Their second Independent Credit Card
(c) Federal Bank Chooses Fiserv to Support Launch of Their third Independent Credit Card
(d) None of the above
Answer : (a)
Related facts
- Federal Bank, a leading private sector bank in India, has recently(August, 2020) chosen Fiserv, Inc., a leading global provider of payments and financial services technology solutions, to Support Launch of Their First Independent Credit Card.
- The bank will also outsource associated operational processes to Fiserv.
With a strong retail and remittance business in India, Federal Bank was looking for a flexible and scalable technology and business process outsourcing (BPO) solution to support the launch and subsequent growth of its credit card business. - The bank will utilize FirstVision™ from Fiserv, an end-to-end managed services solution that enables card issuing and processing with global economies of scale and integrated capabilities that span the card lifecycle.
- The integrated technology and BPO solution reduce cost of ownership and provide a seamless extension to the bank’s operations.
- The service-oriented architecture and open APIs(application program interfaces) of FirstVision facilitate rapid application development, enabling new capabilities to be brought to market more quickly and at a lower cost, while helping to ensure local compliance.
By — Pankaj Pandey.