Paymentology, the leading global issuer-processor, announces its strategic global partnership with Monese’s XYB, an end-to-end ‘coreless’ banking platform provider.

In brief:

-With this strategic partnership with Paymentology can now extend it’s clients an end to end banking platform beyond card processing and XYB can now provide banks, non-banks, and fintechs with a seamless card processing experience in over 60 countries.

-Paymentology delivers a real-time data feed that offers detailed insights into customer spending patterns, enabling coreless banking customers of XYB to continually tailor their offerings for end-users.

-This collaboration enables faster transaction processing, best-in-class fraud monitoring, and virtual cards linked to any major scheme, including Visa.

What does this mean?

Abe Smith, Co-CEO at Paymentology commented: "XYB aims to address the £700 billion global banking technology and embedded finance market. However, as is the collaborative nature of the fintech industry, they can't tackle it alone. That's why we're excited to provide our next-generation card processing services to XYB and its customers. With our support, they can make their coreless banking vision a reality and open up a whole new world of possibilities for growth in the financial services industry."