Alacriti and Access Softek have announced a collaboration aimed at enhancing the real-time payment capabilities of financial institutions. The integration of Alacriti’s payment solutions with Access Softek’s digital banking platform promises to address the growing demand for efficient money movement services. The partnership comes at a time when financial institutions are increasingly seeking innovative solutions to remain competitive and meet customer expectations in the digital age.
Earlier collaborations by Alacriti reveal a consistent strategy of forming partnerships to enhance service offerings. In August, Alacriti partnered with Akuvo to integrate its loan payment processing solution into Akuvo’s collections platform, providing seamless in-platform loan payment capabilities. A prior partnership with Lumin Digital in July aimed at streamlining the loan payment experience for financial institutions. These collaborations underline Alacriti’s ongoing efforts to broaden its impact in the financial services sector.
How Will the Integration Work?
The integration involves combining Alacriti’s Orbipay Payments Hub with Access Softek’s digital banking platform. This unified system aims to equip financial institutions with secure, scalable, and reliable transaction processing. By utilizing the RTP network and FedNow® Service, the system will offer instant payment capabilities while enhancing transaction security and reliability. The collaboration aims to modernize payment processes incrementally, supporting financial institutions in meeting market demands and attracting new customers.
What Do the Companies Say About the Partnership?
Alacriti’s senior director of strategic partnerships, Eric Kugle, expressed enthusiasm for the collaboration, emphasizing the potential to extend their reach and provide essential tools for seamless real-time payments.
“We are excited to join forces with Access Softek, extending our reach and providing institutions with the tools they need to offer seamless real-time payments in various uses,” said Kugle.
Access Softek’s vice president of strategic relationships, Anna Khalzova, highlighted the alignment of the partnership with their mission to provide cutting-edge solutions.
“Partnering with Alacriti to offer Orbipay Payments Hub for Instant Payments aligns with our mission to provide cutting-edge, omnichannel solutions that enable real-time, seamless money movement,” remarked Khalzova.
By combining their strengths, Alacriti and Access Softek aim to deliver a robust and unified payment solution tailored to the needs of modern financial institutions. This partnership seeks to empower these institutions with the necessary technology to meet their strategic goals and adapt to future payment landscapes. Such collaborations are crucial as the financial services sector continues to evolve, driven by technological advancements and changing consumer expectations.
The integration of Alacriti’s and Access Softek’s systems indicates a broader trend of collaboration within the financial technology landscape. As digital banking continues to grow, partnerships like this facilitate the development of comprehensive solutions that address multiple aspects of financial transactions. Financial institutions stand to benefit significantly from these advancements, as they offer enhanced capabilities to meet both current and future demands for efficient, secure, and instantaneous payment solutions.
