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FinWise Bancorp Announces Program Management, Network Issuer Processor and Servicer Agreement with Tallied Technologies to Deliver Credit Card Products and Processing Solutions
Globenewswireยท 2025-10-27 20:15
Core Insights - FinWise Bancorp has entered into a partnership with Tallied Technologies to deliver credit card products and processing solutions to fintechs and their customers [1][2][4] - The partnership will launch two Mastercard co-branded credit card programs in November 2025, focusing on consumer and business rewards [2][3] - Tallied will manage various aspects of the card programs, while FinWise will act as the issuing bank, providing compliance and risk management oversight [3][4] Company Overview - FinWise Bancorp provides banking and payment solutions to fintech brands, leveraging a scalable API-driven infrastructure for deposit, lending, and payment programs [6] - The company is expanding its business model to include payments and BIN sponsorship offerings, while maintaining a strong focus on compliance and risk management [6] Partnership Details - The collaboration aims to enhance Tallied's growth in credit card programs and diversify FinWise's revenue through interest and fee-related income [4] - Tallied's platform supports the entire credit card value chain, emphasizing operational efficiency and fraud control [5]