ZA Bank Readies for Transformation of Hong Kong Banking with Selection of Fiserv Payment Technology
06 February 2020 - 7:00PM
Business Wire
Digital-ready, API-enabled issuer processing
platform accelerates service launch
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, and ZA Bank, the first
virtual bank to launch a pilot trial in Hong Kong, today announced
that the bank is leveraging technology from Fiserv to enable a
transformative banking experience for its customers.
With its “Community-Driven” approach, ZA Bank has prioritized
the rapid launch of innovative capabilities that align with
customers’ changing lifestyles. To help ZA Bank fulfill this goal,
Fiserv is equipping the bank with VisionPLUS® global payment
software, which supports the entire card payment lifecycle,
including origination, card issuance, authorization, settlement and
customer service. Its service-oriented core architecture and open
APIs enable quicker application development and integration, which
in turn allows financial institutions like ZA Bank to develop and
launch innovative products faster and at a lower cost.
“We are pleased to partner with Fiserv as we embark on a journey
to shift the lifestyle of future banking users,” said Rockson Hsu,
CEO of ZA Bank. “With our companies’ combined knowledge and
expertise in banking and technology, we are well-placed to respond
fast to the ever-changing market with an agile product development
approach. By doing so, we can better cater to customers’ needs with
cutting-edge offerings.”
The flexibility and scalability of the VisionPLUS platform,
along with the extensive experience of the Fiserv team, will
complement ZA Bank’s existing capabilities in product
innovation.
“Ultimately, we want to offer superb user experiences via a
robust and secure platform. I am confident that with the support of
Fiserv, ZA Bank will be well-positioned to deliver relevant,
convenient and excellent services to our users,” Rockson said.
“The launch of ZA Bank is an important milestone in the
financial services sector in Hong Kong and across Asia Pacific, as
it is a modern banking option aligned to the changing way people
want to move and manage money,” said Ivo Distelbrink, EVP and head
of Asia Pacific, Fiserv. “Fiserv is enabling the digital
transformation of many institutions in the region and will continue
to help banks that are focused on digital experiences to innovate,
differentiate and operate more efficiently.”
Fiserv is a leading global provider of financial services
technology solutions, serving thousands of financial institutions
and millions of businesses in more than 100 countries. The company
works with corporates, banks and non-bank financial institutions in
15 markets across Asia Pacific, providing technology and expertise
to enable institutions to successfully execute their banking and
payments strategies.
In a world moving faster than ever before, Fiserv helps clients
deliver solutions in step with the way people live and work today –
financial services at the speed of life. Learn more at
fiserv.com.
About ZA Bank
ZA Bank Limited (“ZA Bank”), licensed by the Hong Kong Monetary
Authority (“HKMA”) on 27 March 2019, is one of the first batch of
virtual banks in Hong Kong, offering a wide range of online
financial services to Hong Kong users. ZA Bank was established by
ZhongAn Technologies International Group Limited (“ZA
International”). With its “Community-Driven” approach, ZA Bank
encourages users to directly contribute to its product development
and design process together, guiding the bank to design and develop
innovative products and services that will better serve the needs
of Hong Kong customers.
ZA International was established in Hong Kong in December 2017,
by ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code:
6060), an online-only insurtech company in China, to explore
international business development, collaboration and investment
opportunities in the area of fintech and Insurtech in overseas
market.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover® cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among FORTUNE
World’s Most Admired Companies®. Visit fiserv.com and follow on
social media for more information and the latest company news.
FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20200206005293/en/
Media Relations: Dorothy Wu Director Marketing &
Communications Fiserv, Inc. 852 3746 6847 dorothy.wu@fiserv.com
Dorothy Xu Senior Manager Public Relations ZA Bank 852 6737 2153
dorothy.xu@za.group
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