Paymentology and XYB join forces to revolutionize global financial services with an end-to-end banking platform and smooth card processing.
Global issuer-processor Paymentology and end-to-end ‘coreless’ banking platform provider XYB from Monese have joined forces in a strategic alliance. By enabling banks, non-banks, and fintechs to provide comprehensive financial solutions swiftly and effectively, free from the limitations of conventional core banking systems, the recently established XYB platform seeks to upend the financial services industry.
By forming a strategic alliance with Paymentology, XYB is able to provide its customers an end-to-end banking platform in addition to card processing. XYB simultaneously provides a smooth card processing experience to banks, non-banks, and fintech firms in more than 60 countries.
Faster transaction processing, top-notch fraud monitoring, and support for virtual cards that work with well-known systems like Visa are just a few benefits of this relationship.
Additionally, Paymentology’s offering includes a real-time data feed that offers in-depth understanding of consumer purchasing trends. By utilizing this priceless data, the coreless banking clients of XYB can continuously improve their services, assuring a unique and catered experience for their end-users.
The collaboration between Paymentology and XYB stimulates innovation and helps both businesses to provide improved financial services in order to fulfill the changing needs of the international banking sector.
Combining efforts
Atul Choudrie, CEO of XYB, stated that “we can enable financial institutions to seize new opportunities and provide individualized financial services that cater to a wide range of customer needs.” By supporting innovation and changing the future of banking for both traditional and non-traditional actors, this transformational approach revolutionizes the delivery of financial services.
XYB intends to address the £700 billion worldwide banking technology and embedded finance sector, according to Abe Smith, co-CEO of Paymentology. They are unable to handle it alone due to the collaborative character of the fintech sector. We are thrilled to offer XYB and its clients our cutting-edge card processing services as a result. With our assistance, they can bring their vision of coreless banking to life and provide a whole new range of opportunities for the financial services sector to thrive.
