Home Business NewsBusinessBanking News UK fintech Paymentology announces new partnership with Finartix

UK fintech Paymentology announces new partnership with Finartix

by LLB Finance Reporter
29th Jul 20 7:22 am

UK fintech Paymentology announces partnership with Finartex Fintech Solutions SA to bring data powered and scalable issuing payments solutions to financial institutions in Greece, Cyprus. South Eastern Europe, Eastern Africa, Belgium and Luxembourg.

This partnership will manage the delivery of Paymentology’s market-leading cloud- based card management product for issuing of credit, debit and prepaid.

The product, which has been built from the beginning to be cloud agnostic, is helping retail banks, digital banks and EMIs to have control over the consumers transactions that it allows consumers greater flexibility in the use of their card products and management.

These enhanced analytics (including AI based fraud controls) are vital for banks moving to digital in order to deliver real time consumer-centric finance solutions that are engaging and relevant. Paymentology processing engine for leading challenger banks such as Revolut, uses this technology to allow banks increase speed to market with reduced costs and to independently launch card products that satisfy the needs of their customers.

John Yeomans, chairman at Paymentology said, “This collaboration will leverage the experience of the Finartix team and through them enable greater reach of our product capabilities into the region and bring this leading technology to the banks and other EMIs.”

“We are excited for partnering with the leading innovator in the sector” said Nikos Mavraganis, CEO at Finartix. “We see a lot of demand in the market and gap of legacy systems to perform super-fast, intra-spend, full transaction history analytics. Paymentology is offering to customers the opportunity to manage their transactions flexibly and reliably with any card-related product”

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