Integration brings real-time, API-powered funding via checking, savings, and card to Vikar’s account-opening platform
Vikar Technologies, a leading provider of digital account opening and lending solutions for financial institutions (FIs), announced a strategic partnership with SWIVEL, a subsidiary of SWBC and leading fintech innovator, to integrate SWIVEL’s real-time payment processing platform into Vikar’s account opening ecosystem. The collaboration enables FIs and their fintech partners to fund new accounts instantly and securely, directly within the account opening experience.
Through SWIVEL’s API-driven infrastructure, Vikar’s platform can now accept funding via checking and savings accounts, as well as credit and debit cards. Card accounts are authorized immediately upon submission, while checking and savings accounts are debited as early as the next business day. The fully integrated experience reduces customer drop-off during onboarding and eliminates the friction of post-enrollment funding steps.
“Partnering with SWIVEL allows us to close one of the most critical gaps in the digital account opening journey,” said Glenn Bolstad, CEO at Vikar Technologies. “By embedding seamless, compliant funding directly into our platform, we help FIs convert more applicants into active account holders from day one.”
“SWIVEL is committed to building strong partnerships that help financial institutions innovate with confidence,” said Amanda Licona-Crocker, President of SWIVEL. “Our integration with Vikar brings together the strengths of both organizations to provide a seamless and secure funding experience that supports modern banking needs.”
Key Benefits of This Partnership for Financial Institutions
For financial institutions, the Vikar–SWIVEL partnership delivers meaningful impact throughout the entire account-opening journey. Real-time ACH validation and NACHA- and PCI-compliant processing reduce fraud exposure and enhance transaction security. Automated back-office posting and daily reconciliation reports eliminate manual processes and streamline accounting operations. A single, scalable API integration connects to existing platforms, whether vendor-built, custom, or in-house, with a manual funding fallback ensuring no opportunity is lost to a technical failure.
About SWIVEL
SWIVEL®, an SWBC company, offers an integrated platform that simplifies the use of Apple Pay®, Debit, Credit, and ACH for payments. The platform serves over 2,000 clients, including financial institutions and the software companies that support them. SWIVEL integrates with existing systems to manage payments, streamline operations, and provide user engagement tools. With tailored risk management controls for each transaction, SWIVEL helps businesses maintain compliance and improve payment processes. The company is a wholly owned subsidiary of SWBC, headquartered in San Antonio, Texas. Find more information at www.getswivel.io.
(Apple Pay® is a registered trademark)
See the original Press release on EINPresswire.com