Finxact and Fiserv to Accelerate Digital Banking Transformation

Dear Finxact Clients and Prospective Clients:

I am excited and honored to share with you that Finxact will be joining Fiserv to accelerate innovation in banking by combining our formidable and highly complementary strengths. By joining forces with Fiserv, Finxact is taking a big step toward fulfilling our mission to help financial institutions of all sizes thrive in this transformative era of banking. Our cloud-native banking solution combined with the breadth and depth of Fiserv resources and capabilities will ensure that you have the best possible partner for your journey to the next generation of flexible, open and real-time digital banking capabilities and beyond.

Through this transaction, Finxact will continue to focus on its product and engineering roadmap, with the committed Fiserv resources needed to maintain that focus and integrate them across a spectrum of Fiserv solutions. Fiserv is committed to nurturing and growing our ability to rapidly deliver capabilities aimed at helping you be successful.

The Finxact cloud-native banking solution was engineered for the scale and resilience required by the largest US financial institutions. By joining Fiserv, those institutions and the broader market will benefit from next-generation Finxact technology accompanied by the expertise and resources of a leading global financial services provider. We believe this is the best way to ensure your success.

Since our founding five years ago, our mission at Finxact has been to transform banking by helping as many clients as possible to benefit from our cloud-native solution. With the vast human resources and servicing capacity of Fiserv, Finxact can become the path to agility for financial institutions large and small.

We expect to close the transaction later this year, subject to customary closing conditions and regulatory approvals.

Thank you for trusting Finxact with the responsibility and honor of being your provider and your partner. We look forward to our continued partnership.

Frank Sanchez
Chairman & CEO, Finxact