Aimed at delivering comprehensive card issuing services.
In brief:
- The strategic collaboration between SBS and Paymentology brings together the strengths of both organisations to provide high-performance card issuing and transaction processing services within SBP Digital Core, SBS's next-generation Software-as-a-Service (SaaS) core banking platform.
- SBP Digital Core is meticulously designed to support a wide array of banking services, including deposits, payments, lending, compliance, and regulatory reporting.
- Paymentology, known for its expertise in creating, issuing, and managing physical or virtual payment cards, operates on shared and private cloud instances. Leveraging secure APIs, an ultra-granular enhanced decision engine, and rich real-time data, Paymentology delivers next-generation services and is authorized by specific card schemes to function as an issuer processor.
What does this mean?
Commenting on the partnership, Richard Broadbent, General Manager Digital Core, at Sopra Banking Software, said, "This strategic collaboration marks a significant milestone for SBS as we venture into issuer processing for the first time. It enables us to expand our offerings within SBP Digital Core and provide our customers with enhanced card issuing and processing capabilities.”
