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thirdstream Aligns with Finastra to Advance Its Payment Switching Solutionsthirdstream, Canada's leading onboarding software provider, has once again boosted the power of its onboarding platform by aligning with Finastra, a powerhouse combination of D+H and Misys, two global fintech leaders. Finastra provides the most comprehensive portfolio of financial services software in the world today. With headquarters in Europe and North America, Finastra designs and builds innovative, mission-critical technology for financial institutions (FIs) around the globe. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171218005350/en/ Fully Compliant, Fully Integrated Account Opening Solutions for Banks and Credit Unions. (Graphic: Business Wire) thirdstream will be integrating Payment Manager from Finastra into its onboarding platform, cumulus. This will allow thirdstream to offer its financial services clients key technologies that will further streamline the account opening process in-branch and online for retail and commercial customers. thirdstream Product Manager Jeff Coomber explains, "Opening an account is just step one in the onboarding process of a new customer. We can create a much more 'sticky' customer for our FI clients by enabling them to move a customer's pre-authoized payments, payroll and direct deposits from their old FI at the click of a button during account opening. This is what the Finastra integration helps us achieve." This is an important integration on several levels. It satisfies the high digital expectations of consumers by offering them a mobile-first, frictionless user experience that allows them to 'do everything' at the moment they are opening an account. While payment-switching has been offered in the cumulus platform for some time now, integration with Payment Manager "adds another layer of depth and breadth to our payment switching solutions," explains thirdstream's VP Sales and Marketing Feras Nasser. "Introducing one-click switching of payments and deposits from an account at another FI makes opening a new account incredibly easy, which is thirdstream's fundamental mission as a developer of onboarding software." It also empowers thirdstream's clients - which include a growing number of credit unions, retail banks, trust companies and wealth management firms - to gain high points from customers at the critical moment of account opening. As Coomber explains, "The integration with Payment Manager overcomes significant back-office and customer-facing barriers. Not only does it make the whole experience seamless for the customer, it creates brand affinity from the first interaction, increasing the potential for a deeper wallet share right from the start for our clients."
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005350/en/ |