Vikar, SWIVEL Team for Real-Time Account Funding

Vikar Technologies has announced a strategic partnership with SWIVEL, a fintech subsidiary of SWBC, to integrate SWIVEL’s real-time payment processing platform into Vikar’s digital account opening and lending ecosystem. The collaboration aims to let financial institutions fund new accounts more quickly during the onboarding process.

By embedding SWIVEL’s payment infrastructure, Vikar seeks to remove the delay that often occurs after a customer opens an account. Traditionally, initial deposits can take time to clear, creating friction for both the institution and the new account holder. Real-time processing allows the funding step to happen right at account creation, improving the overall customer experience.

The integration also extends to lending workflows, where timely disbursement is important. Vikar provides the front-end origination tools, while SWIVEL handles the payment rail, creating a seamless connection between app and funding. This could help financial institutions streamline operations and reduce manual steps.

SWIVEL is a fintech unit of SWBC, which serves the financial services industry. The partnership reflects growing adoption of real-time payment capabilities across banking, as institutions look to meet rising customer expectations for speed and convenience. By combining Vikar’s platform with SWIVEL’s processing network, the companies intend to offer a more efficient funding path for their clients.