FinWise Bancorp acquires Tallied card issuing, processing technology platform assets

FinWise Bancorp acquired Tallied Technologies’ credit card issuing and processing platform assets, bringing its card technology stack in-house end to end.

The move shifts fee, interchange, and interest economics from a third-party program manager to FinWise on programs already running on the platform.

Integration and transition costs are expected to be about $4 million over the next year, front-loaded into the next two quarters.

About $50 million of credit card balances will move to standard on-balance-sheet receivables, increasing retained income and credit exposure.

The prior outlook for about $217 million in credit-enhanced balances by end-2026 no longer applies due to the change in structure.