Fiserv, a leading global provider of payments and financial services technology solutions, and NYDIG, a leading bitcoin technology and financial services company, has partnered to help financial institutions of all sizes to allow consumers to buy, sell and hold bitcoin through their bank accounts.
This will enable banks and credit unions to meet growing mainstream interest in bitcoin, retain and grow their customer base, and increase non-interest income opportunities.
The integration with NYDIG will allow consumers to manage bitcoin transactions directly within their financial institution’s online and mobile banking portals, providing users an easy way to buy, sell and hold the popular digital asset through their trusted financial institutions.
California-based First Foundation Bank is already working with Fiserv and NYDIG to bring these capabilities to market.
“Interest in cryptocurrency, and particularly bitcoin, has skyrocketed over the past several years, to the point that bitcoin investing is now a commonplace activity,” said Byron Vielehr, chief digital and data officer at Fiserv. “People continue to turn to financial institutions as a central place to manage their financial activity, and being able to offer this capability will help position banks and credit unions at the forefront of their customers’ financial lives.”
“Digital assets have caught the eye of consumers and investors,” said Scott F. Kavanaugh CEO of First Foundation Inc. (NASDAQ: FFWM). “If our industry is truly committed to innovation and the financial future of our clients, we need to lead in this area and help create a secure and trusted platform for using bitcoin for everyday financial matters.”
“Our partnership with Fiserv represents a leap forward in bringing integrated bitcoin transactions to institutions of all sizes, positioning them to meet growing demand and interest from their customers,” said Robert Gutmann, co-founder and CEO of NYDIG. “We look forward to fulfilling our mission of expanding consumer access to bitcoin through their trusted financial institutions with Fiserv.”
