Fisa Group

What Fisa Group does

Fisa Group is a Quito-headquartered provider of integrated core banking, omnichannel, treasury, credit, and card-management software for financial institutions across Latin America. Founded in 1995 by E. Henche, the company operates in 10 LATAM countries (Mexico, Dominican Republic, Honduras, Panama, Colombia, Ecuador, Peru, Bolivia, Chile, Costa Rica) and reports over $30 billion in client assets managed and 200+ projects executed. Its product ecosystem is anchored by three core platforms: FISA-System (core banking for accounts, deposits, loans, treasury, compliance, and digital channels), Omnia (microservices-based omnichannel orchestrator for web, mobile, branch, and call center), and Fisa 360 (treasury and cash management), with adjacent modules for credit origination, card management (Matikard), corporate banking (Banca Empresas), digital onboarding with biometric KYC, a low-code business rules engine, and a sales platform. The technology stack is API-first and built on open architecture to integrate with legacy cores, fintechs, payment platforms, credit bureaus, and government identity registries. Notable reference deployments include Banco Mercantil Santa Cruz (Bolivia's largest bank, with a 55,000-client, $110B-asset migration in under 48 hours), Crédito Maestro (250,000+ borrowers across 80 branches in Mexico), Salcobrand (1.9 million cards under Matikard in Chile), Banco Internacional (Ecuador), Banco BDI (Dominican Republic), and Credicorp Bank (Panama).

Fisa Group generates revenue primarily through enterprise software licensing (annual or multi-year subscriptions), bundled implementation and professional services for large-scale core banking migrations, and ongoing support and maintenance under ISO 9001-certified operations. Pricing is not publicly disclosed; quotes are custom, based on institution size, modules licensed, transaction volumes, and geographic scope, and are secured through a consultative direct enterprise sales motion targeting CTOs, CIOs, and business unit heads. The company sells directly with no self-serve or marketplace channels, supported by content marketing, case studies, and regional industry event participation. Fisa Group is a privately held subsidiary of Vencora, itself part of Constellation Software Inc. (TSX:CSU), which provides capital and strategic direction; in March 2024, the company acquired Quito-based SERIVA Inc. to strengthen its treasury management offering.

Name

Fisa Group

Legal name

Fisa Group

Website

https://fisagrp.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Fisa Group is a Quito-based provider of core banking, omnichannel, treasury, credit, and card-management software for banks and financial institutions across 10 Latin American countries, managing over $30 billion in client assets. It operates as a subsidiary of Vencora, part of Constellation Software Inc.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Software Publishers (51321), Software Publishers (5132)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

Keywords

• Core banking software
• Omnichannel banking platform
• Credit origination system
• Treasury management software
• Card management software

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licensing & Subscriptions: Fisa Group generates revenue primarily through licensing of its core banking software (Fisa-System), omnichannel platform (Omnia), credit platform, and treasury solutions to financial institutions. Licensing is typically structured as enterprise agreements with annual or multi-year terms, including software updates, support, and maintenance. The company operates on a subscription/maintenance model with clients across 10 LATAM countries.
2. Implementation & Professional Services: Revenue derived from professional services including system implementation, configuration, data migration, integration with existing systems, testing, and go-live support. Implementation projects include large-scale core banking migrations (e.g., Banco Mercantil Santa Cruz fusion project) and omnichannel deployments. Services are typically bundled with software licensing for enterprise clients.
3. Ongoing Support & Maintenance: Continuous technical support, system monitoring, regulatory compliance updates, and software maintenance bundled within annual licensing agreements. The company maintains ISO 9001 certification and provides 24/7 operational support for mission-critical banking systems.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Fisa Group provides an integrated ecosystem of core banking software for financial institutions in Latin America, including a core banking platform (FISA-System), an omnichannel orchestration platform (Omnia), a credit origination and lifecycle platform, treasury management (Fisa 360), card management (Matikard), digital onboarding, and a low-code business rules engine. The company sells these modules primarily through enterprise licensing agreements bundled with implementation, integration, and ongoing support services.

Product overview

Fisa Group provides a modular ecosystem of core banking solutions across Latin America, consisting of three primary integrated platforms: (1) FISA-System Core Banking platform serving as the central system for banks and financial institutions managing accounts, credits, investments, treasury, channels, and compliance; (2) Omnia Omnichannel Platform enabling digital transformation through microservices architecture for agile product deployment across all channels; and (3) Fisa Credit Card software for credit card lifecycle management including issuing, authorization, and billing. Additional modules include Fisa Tesorería 360 for treasury and cash management, Credit Platform for loan origination and portfolio management, Digital Banking for web/mobile banking experiences, Business Banking for corporate clients, Sales Platform, Digital Onboarding, and Low Code Business Rules Engine. The ecosystem integrates with external systems via APIs and serves banks in over 10 countries across Latin America with over $30 billion in assets managed.

Differentiator

Problem solved

Functional benefit

Brands

• Fisa System: Core banking system - the company's flagship core banking solution serving financial institutions across Latin America
• Omnia
• Fisa 360
• Fisa Tesorería 360
• Matikard

Products and services

• FISA-System Core Bancario Central core banking system managing accounts, deposits, loans, investments, treasury, digital channels, accounting, risk, and regulatory compliance for financial institutions across Latin America.
• Omnia Plataforma Omnicanal Modular omnichannel platform based on microservices architecture enabling financial institutions to deploy products rapidly across web, mobile, branches, and call center without disrupting legacy systems.
• Fisa Credit Card Core de Tarjetas (Matikard) Credit card management software for card issuance, authorization, transaction switching with a 3-second response standard, billing operations, fraud control, and lifecycle management.
• Fisa Tesorería 360 Treasury and cash management solution enabling banks to manage liquidity, payment and collection operations, cash-flow forecasting, and financial risk management from a unified platform.
• Plataforma de Crédito (Credit Origination Platform) Loan origination and portfolio management platform automating the complete credit cycle including application, risk scoring, approval workflows, disbursement, tracking, provisions, and intelligent collections with configurable business rules.
• Banca Digital (Web/Mobile Banking) Digital banking platform providing customer self-service access to financial products via web and mobile applications with real-time transactions, biometric authentication, personalized offers, and consolidated account views.
• Banca Empresas Corporate banking and cash management platform for enterprise clients enabling bulk payments, payroll, treasury operations, user self-administration, and differentiated pricing management.
• Plataforma de Ventas

Quantifiable outcome

• 40% increase in credit card sales and card delivery reduced from 7 days to 1-2 days for Banco BDI (Dominican Republic)
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability11 records

Feature10 records

Partnerships

One partnership is on record.

• SERIVA Inc.minorStrategic or Co-development Partner · 5 March 2024Vencora acquired SERIVA Inc. (a treasury management software provider based in Quito, Ecuador) through its subsidiary Fisa Group in March 2024. The acquisition aims to strengthen Vencora's presence in Latin America and expand financial services technology offerings in the treasury management domain.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Temenos: Swiss-headquartered global leader in core banking software. Direct competitor to FISA-System; Fisa Group won corporate core banking deals in Chile and Peru against Temenos in 2006. Most direct product and customer overlap.
• Oracle Financial Services (FLEXCUBE): Oracle's core banking platform serving banks globally, including LATAM. Competed head-to-head with Fisa Group in 2006 Chile/Peru deals. Targets the same universal banking and corporate banking use cases.
• Backbase: Amsterdam-headquartered digital banking and omnichannel platform. Direct competitor to Fisa Group's Omnia platform; both orchestrate digital channels over incumbent core systems with API-first architectures.
• Intellect Design Arena: India-based core banking, lending, and treasury software vendor focused on emerging markets. Closely comparable business model and customer segment to Fisa Group, particularly for retail and universal banks.

Emerging players

• Mambu: Cloud-native core banking platform serving neobanks and challenger banks globally. Competes with FISA-System on modern, composable core banking but focuses on greenfield/cloud deployments rather than LATAM incumbents.
• Thought Machine: UK-based cloud-native core banking platform. Competes in the same core banking category as FISA-System but targets Tier-1 banks globally; an emerging threat to legacy core vendors in LATAM as banks modernize.

Broad incumbents

• Finastra: Large global financial software provider formed from the merger of Misys and D+H. Offers core banking, lending, and treasury solutions competing with Fisa's portfolio, with a much broader global footprint.
• FIS (Fidelity National Information Services): US-listed global banking and payments technology giant. Competes with Fisa across core banking, card processing (similar to Matikard), and digital channels. Significantly larger scale and product breadth.

Regional players

• TOTVS: Brazil's largest enterprise software company with a banking vertical offering core and ERP systems. Comparable to Fisa Group as a regional banking software champion, but operating primarily in Brazil rather than the rest of LATAM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FisaGroup
• Facebookfacebook.com/FISA-GROUP-1619104625025042

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fisa Group