Fiserv, a global tech vendor for financial services and ZA Bank the first virtual bank to soft launch in Hong Kong announced today that the bank will be using Fiserv to power its entire card payment lifecycle which includes; origination, card issuance, authorization, settlement and customer service

In a media statement, ZA Bank said that Fiserv’s service-oriented core architecture and Open APIs enable the 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,”

“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.”

said Rockson Hsu, CEO of ZA Bank.

“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,”

“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.”

said Ivo Distelbrink, EVP and head of Asia Pacific, Fiserv.

Featured image credit: ZA Bank’s Linkedin Page