Pannovate adopts Open Banking functionalities from tell.money
Pannovate Partners with tell.money to Enhance Open Banking Capabilities
Pannovate, a leading platform that supports banks, fintechs, and businesses in launching white-label banking or payment solutions, has announced a partnership with tell.money. This collaboration aims to enhance Open Banking capabilities for Pannovate's clients.
Ian Staniforth, chief operating officer at Pannovate, expressed that the selection of tell.money aligns with Pannovate's vision of enabling clients to deliver intuitive and scalable financial experiences. The partnership with tell.money is intended to complement Pannovate's existing network of 47 fully-integrated partnerships and 150-plus APIs.
tell.money, known for its Open Banking capabilities, brings dedicated interface APIs and Confirmation of Payee (CoP) to the table. This partnership will enable Pannovate to offer a suite of modular solutions to its clients, integrating tell.money as its Open Banking gateway partner.
David Monty, CEO of tell.money, expressed his excitement about the partnership. He believes that this collaboration will simplify integration, reduce complexity, and allow clients to build financial capabilities for their end users.
In addition to its partnership with Pannovate, tell.money has also formed a partnership with UK-based card scheme sponsor and payment enablement platform Monavate. This partnership strengthens Monavate's CoP security and expands its Open Banking capabilities. tell.money has also partnered with global financial services provider FxPro to implement CoP and enhance security in the fight against authorized push payment fraud.
Pannovate's platform supports various features such as account and wallet management, payment processing, and card issuing. Clients of Pannovate will gain access to these features along with the "enhanced" Open Banking functionality provided by tell.money. However, specific details about these enhanced Open Banking functionalities have not been disclosed yet.
This partnership is a significant step forward for both companies, promising to bring innovative solutions to the Open Banking landscape and deliver a seamless financial experience for Pannovate's clients and their end users.
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