UK-based Open Banking solutions provider tell.money has formed a strategic partnership with Finland-based card issuer Enfuce to enable the delivery of PSD2-compliant services for their customers.
Enfuce, which is a female-founded and led company, selected tell.money as its Open Banking partner, citing the advanced technology and the “dedicated” team behind it as “key differentiators”.
Through tell.money’s Software-as-a-Service (SaaS) platform, which provides Open Banking compliance and Confirmation of Payee solutions across the UK and EU, Enfuce has strengthened its Open Banking services, to ensure quick and secure integration for customers and end users.
Enfuce’s white-labelled technology helps companies create scalable payment solutions.
Annina Lehtimäki, product manager at Enfuce, said: “Partnering with tell.money enables us to further strengthen the security, compliance, and scalability of our Open Banking solutions.
“With tell.money’s advanced platform, coupled with our secure, modular cloud-based capabilities, we are well equipped to deliver seamless integration and superior customer experience to the evolving needs of our customer base.”
According to tell.money, demand for “innovative and compliant” solutions is “at an all-time high”, with organisations having to weigh up whether to build or buy.
David Monty, chief executive officer of tell.money, added: “This collaboration allows users to benefit from a transparent, compliant, and seamless experience, helping Enfuce maintain its position as a leader in scalable, secure financial services.
“We are very excited to be partnering with Enfuce and are proud to help showcase the benefits of partnering rather than attempting to build complex services in-house.”
Last month, tell.money announced it had been selected by mobile money app Monese as its Open Banking gateway provider.
The strategic partnership will introduce “comprehensive coverage” for EU third-party providers.
Further reading: Enfuce obtains EMI licence from UK regulator
