Payset, an online payments platform, has partnered with core banking business Thought Machine.
In Brief:
Payset is an online payments platform offering multi-currency accounts, debit cards and currency exchange for SMEs.
It has signed up to Thought Machine’s cloud-native tech platform.
Vault Core and the Universal Product Engine will help Payset issue IBANs, debit cards and more.
What does this mean?
As Payset tries to expand across Europe, Thought Machine’s technology will enable it to scale more quickly and will provide a “foundational technology” to deliver “cutting-edge financial services” across the UK and European Union, says CEO Perry Asforis.
