Tata Motors Finance (TMF) is fortifying its digital lending capabilities through a new partnership with Fiserv, a global provider of payments and financial services technology solutions.
The former has implemented FirstVision from Fiserv, a microservices-based platform-as-a-service with a set of APIs that supports the orchestration of the digital user experience. The flexible architecture, scalability, and open APIs of FirstVision will enable TMF to easily and cost-efficiently develop and launch new products to the market.
Samrat Gupta, MD & CEO, TMF, said “We are delighted to collaborate with Fiserv to unlock avenues for innovative last-mile service offerings for our key customers. The integration with FirstVision empowers us to offer on-tap digital finance solutions to commercial vehicle operators, covering their operating expenses like fuel, payroll and taxes, lubricants, tolls, insurance, spare parts, repairs, and tyres.”
Ivo Distelbrink, Executive Vice President and Head, Asia Pacific, Fiserv, added, “Financial institutions in India remain at the leading edge of digital transformation, and the right combination of capability, infrastructure, personnel and security enables them to adapt, differentiate and operate more efficiently while providing a transformative experience to customers.”