Belize Bank has partnered with i2c to power a “sweeping modernisation of the bank’s technology infrastructure”, the US fintech says.
The partnership will enable the bank to integrate new services through i2c’s API-based technology stack, including new personalised debit card programmes and self-service banking tools.
i2c’s tech will also enable the bank to streamline digital onboarding processes and enhance its fraud prevention capabilities with machine learning-powered tools and 3D Secure solutions.
Belize Bank is an incumbent player in the banking market of Belize, and was originally founded as The Bank of British Honduras in 1902. Sold to local investors by Royal Bank of Canada in 1987, the bank has gained a market share of approximately 44%, providing retail, corporate, and commercial banking services with approximately $1.11 billion in total assets.
Led by chairman and CEO Filippo Alario, Belize Bank is currently pursuing a multi-year digital transformation strategy. This effort produced the country’s first digital wallet, E-Kyash, launched in 2021 in partnership with Wallet Factory, while the bank successfully completed a migration to Finastra Essence, alongside sister brand Belize Bank International, in October.
This latter development is notable as i2c has maintained a partnership with Finastra since March, with the pair currently working to extend payment issuance solutions to banks in North America using a combination of i2c’s card processing suite and Finastra Phoenix.
Source: https://www.fintechfutures.com/
