ConnectPay spins off core banking technology as independent product
ConnectPay spins off its core banking tech, signaling a shift toward faster, cloud-based infrastructure for consumer lending and fintech programs.
Curated by Financing Your Way from original reporting by Finextra. Summary is AI-assisted and editorially reviewed — see our editorial standards.
ConnectPay has launched its internal banking infrastructure, Serdis, as a standalone product for other financial institutions. While this sounds like back-end technical news, it signals a shift in how consumer financing products are built and launched. By spinning off this AWS-native core banking platform, ConnectPay is making it easier for new lenders and fintechs to enter the market without building their own technology from scratch. For retailers and operators, this means the 'pipes' behind your financing programs are becoming more modular and modern. Modern core banking systems like Serdis allow lenders to launch new loan products, BNPL programs, and payment methods much faster than they could on legacy systems. It also improves uptime and security through cloud-native architecture. As more lenders adopt these flexible back-end tools, merchants can expect more frequent updates to their financing portals and a wider variety of specialized lending partners entering the space. This move highlights a growing trend of 'banking-as-a-service' where the technology is just as important as the capital being lent out.
Source: Finextra
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