Agora Services, a digital platform banking solutions provider, announced on Tuesday it has partnered with i2c Inc., a global provider of digital payment and open banking technology, to provide modern digital-first issuing and processing. Agora reported that the partnership adds to its ability to provide a digital banking lab, complete with challenger bank-type services and “innovative” products, and it is the first of many upcoming collaborations aimed to comprehensively support community banks and credit unions.
While sharing more details about the partnership, Arcady Lapiro, Founder and CEO of Agora Services, stated:
“Agora is the only provider bringing challenger bank products directly to smaller financial institutions without requiring a core overhaul. And, if community banks and credit unions want to remain relevant and attract the next generation of customers and members, they need to be able to offer the same cutting-edge offerings. We’re not bringing digital banking in a box but real challenger bank in a box with our cutting-edge modular banking platform.”
Kevin Fox, Global Head of Sales for i2c, added:
“Agora Services’ mission to expand platform banking capabilities to this segment is a terrific example of the innovation that’s possible through partnership, which in turn help both financial institutions and their consumers, alike.”
As previously reported, Agora describes itself as a “fintech enabler for banks” by bringing “innovation” to American banks and their customers.
“Agora Services helps community, credit unions and over 8,000 regional banks ramp up their digital experiences without replacing their core banking system. Agora leverages its fintech platform built with innovative technologies on an entirely cloud-based architecture. Agora co-creates and provides tech tools so banks can implement state of the art fintech products and features while accelerating their digital journey.”