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BizFirst: Gateway to the Digital Future of Banking

JoãoGraça da Nóbrega, Senior Project Manager, BizFirstJoãoGraça da Nóbrega, Senior Project Manager
Banks and financial organizations cannot afford to ignore the digital imperative. Even before COVID-19, when customer interactions would take place in branch locations and in-person settings, the sector was grappling with the necessity to fulfill the digital expectations of a changing market. The events of 2020, and the reliance on digital interactions and banking self-service, have only brought to light the need and necessity for banks to become more digital. As banks map their journey to digitalization, open banking is developing as a competency that institutions will need to tackle in order to remain competitive and keep up with an increasingly digital economy.

"We provide solutions and services that help our clients take advantage of current and emerging trends in the fintech area," says JoãoGraça da Nóbrega, Senior Project Manager at BizFirst.

BizFirst was established in the early 2000s by experts in transaction processing and banking solutions. The company's overarching goal is to create innovative solutions from the ground up that utilize the most cutting-edge technologies in their core design while focusing on the clients' objective demands most efficiently and effectively possible.

BizFirst goes a step ahead and provides a complete and fully integrated set of components such as automated switching, ATM and card management, POS administration, mobile banking, and more. With a primary focus on assisting customers in integrating products into a system promptly, the software company delivers innovative, secure, self-banking solutions. These can be utilized at any stage of the transaction processing flow, from the point of acceptance that may be traditional channels like POS or ATM terminals to the client channels like mobile or online banking to communication with all the different payment entities.


We provide solutions and services that help our clients take advantage of current and emerging trends in the fintech area

To exemplify the competence of its solutions, BizFirst shares two anecdotes of how the company has helped its clients stay ahead of the curve. On one occasion, due to new legal requirements that were linked to online scheme payments, a client appointed BizFirst to support a new major version of a service it had already integrated with. And on another occasion, a client sought the company's assistance in developing a custom mobile payment app for their existing system. For this project, BizFirst designed a solution that enabled the client's app to include features such as PIN-based purchases, QR-code-based purchases, installment purchases, service payments, balance and statement checks, and money transfers. It also included a mobile wallet, banking account management, and phone top-ups. The application also allowed the user to control bank card security switches, resulting in enhanced security for the user. BizFirst was able to deliver the aforementioned functionalities and much more to meet each client's unique requirements in record-breaking time.

With the fast-paced advancement of the fintech area, solutions must be up and running in a matter of months, if not weeks, or they will be obsolete by the time they are delivered. To this end, BizFirst not only provides clients with fully functional solutions but also strives to provide them with a shorter time to market, which truly sets the company apart from its competitors.

With its worldwide presence and a long list of success stories, BizFirst has undertaken numerous projects all around the globe. As for the future of its solutions, the company's new and innovative microcredit module is expected to gain traction with its clients. Owing to this revolutionary module, clients will be able to seek micro-credits that will be approved instantaneously without the need for human interaction. The various microcredits accessible to a client are computed 'on the spot' using a sophisticated and computerized scoring method that drastically decreases credit risk. With all of these innovations aiming to enhance how customers engage with digital banking, BizFirst continues to focus on providing low total cost of ownership and high ROI solutions to the fintech sector.

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Top 5 Digital Banking Companies in UK - 2021
BizFirst

Company
BizFirst

Headquarters
Lisboa, Portugal

Management
JoãoGraça da Nóbrega, Senior Project Manager

Description
BizFirst is a payments and self-banking technology company that focuses on offering safe and efficient processing solutions. The company goes a step ahead and provides a complete and fully integrated set of components such as automated switching, ATM and card management, POS administration, mobile banking, and more. With a primary focus on assisting customers in integrating products into a system promptly, the software company delivers innovative, secure, self-banking solutions. BizFirst, in collaboration with infrastructure technology partners and terminal equipment vendors, delivers highly dependable, cost-effective, large-scale turnkey solutions to financial institutions, retailers, and payment processors worldwide