Fiserv Finxact

What Fiserv Finxact is

Fiserv Finxact is a cloud-based core banking engine that serves as a system of record and processes transactions across asset classes, currencies, and time zones. Its event-driven microservice architecture handles in-balance transactions in real time, eliminating end-of-day and batch reconciliation. The platform can recreate views of transactions and events as they stood at a particular point, without cutoffs or offline operations. RESTful APIs provide access to banking functions and customer and transaction data. Product owners and business analysts can use a TypeScript domain-specific language to define rules for events. Core payment functions cover single-bank processing, basic ACH, checks, and debit cards; Payment Rails adds ACH, RTP, and wire capabilities. Finxact integrates with external fraud and AML tools, and supports cloud deployments on AWS, Microsoft Azure, and Google Cloud Platform. Developer resources include a sandbox, on-demand instances, documentation, API references, a learning academy, and configuration wizards. Pricing is on request. The platform is aimed at financial institutions, fintechs, commerce brands embedding finance, and community institutions.