Comviva, a digital financial solutions provider, has announced a strategic partnership with Strands to provide an integrated suite of digital banking, wallet and payment solutions.
Through this partnership, Comviva will leverage Strands’ Personal Finance Management (PFM) solution to enable banks and financial service providers to deliver personalized and contextual digital offerings to their consumers.
Speaking on the partnership, Srinivas Nidugondi, Chief Growth & Transformation Officer at Comviva said, “Comviva is focused on enhancing consumer experience by embracing next-generation technologies. Our collaboration with Strands will allow us to leverage data-analytics, Artificial Intelligence and Machine Learning driven Personal Finance Management solution to provide enhanced digital banking and payment experience. For banks, financial institutions, and digital wallet providers the PFM solution will help to accelerate innovation, increase user engagement, create up-sell and cross-sell opportunities and generate greater consumer long-term value and brand loyalty.”
Speaking on the partnership, Erik Brieva, CEO of Strands said, “In Comviva, we have a leading partner with whom to deliver an enhanced personal banking experience through Strands PFM, Like Strands, Comviva has a global reach and is committed to developing truly innovative digital financial solutions. PFM and Comviva’s mobiquity® banking suite naturally complement one another. We look forward to working closely with Comviva in continuing to push the boundaries of financial innovation and, as a result of our partnership, enabling banks to improve the financial services experience of millions of their customers around the globe.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.