ACI Worldwide (NASDAQ:ACIW), an enabler of global payments technology, announced that it has acquired Payment Components, a provider of AI-powered financial messaging and Open Banking solutions. ACI will integrate Payment Components tech into ACI Connetic, accelerating the roadmap of the industry’s cloud-native unified payments platform that integrates account-to-account payments, card processing, and AI-enhanced fraud prevention within a single, modular architecture.
Founded in 2014 in Greece, Payment Components develops software for A2A payments, API management, and financial messaging, “streamlining transaction orchestration without complex payment processing.”
Its flexible messaging layer supports a “broad message set, enhancing back-office connectivity and accelerating the deployment of localized payment schemes.”
ACI is wholly acquiring Payment Components, “including its technology, intellectual property, talent, and customer relationships.”
The Payment Components team will collaborate closely with ACI’s architects and developers to “integrate expanded messaging features and functionalities into ACI Connetic.”
Claiming to be trusted by 65 banks and institutions across 25 countries, Payment Components leverages generative AI in order to “simplify and accelerate payment processes, delivering richer and more agile payment services.”
The financial details of the Payment Components acquisition were “not disclosed; the acquisition is not expected to be financially material to ACI.”
As covered, ACI Worldwide provides transformative software solutions that power intelligent payments orchestration “in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely.”
With payments expertise, they combine their international footprint with a local presence to offer enhanced payment experiences “to stay ahead of constantly changing payment challenges and opportunities.”
At Payment Components, they’re reshaping the fintech ecosystem on a global scale. Their solutions are essential for “more than 65 banks and financial institutions across 25 countries.”
They provide componentised solutions in a range of areas, such as AI banking, open banking, account-to-account payments, and financial messaging technology. They claim to achieve this via continuous product development, building software components that help FIs become digital enablers and deliver better payment services to clients.
Their name aims to reflect their core belief: relatively complicated processes in the financial industry will be ultimately be replaced by AI-assisted components.