Monitise FINKit Partner Programme launches with global financial, technology and information services giants and pioneering FinTech startups committed to driving innovation and industry-wide collaboration.
“We are delighted to be working with Monitise, to help banks on their journey of digital transformation. There is great synergy between our brands – we are both committed to working collaboratively with banks to help them innovate and remain competitive in this increasingly digital and agile world.”
-Mike Laven, CEO at Currencycloud
London, 16 November 2016 – Monitise, the financial services digital technology company, today announces the launch of the FINKit Partner Programme with founding partners Mastercard, BehavioSec, Currencycloud, Envestnet, Yodlee, Experian, fastacash, FICO, HID, iGeolise, LivePerson, MYPINPAD, Syniverse, and WorldFirst.
FINKit is a financial services sector-specific cloud-based platform and toolkit that frees banks from the constraints of their existing systems and enables them to continuously deliver innovation into production and into consumers’ hands.For the first time, Mastercard and the FINKit founding partners have agreed to make their capabilities and services available together on the bank-grade, cloud-based FINKit platform, in order to accelerate industry-wide collaboration and the co-creation and launch of exciting new digital customer propositions in banking and payments.
In a rapidly-expanding and increasingly disrupted market, collaboration is essential. FINKit sets the standard, enabling this collaboration while at the same time ensuring bank-grade security, performance, and compliance.
Mastercard is the first global payments technology company to join the FINKit Partner Programme. Explaining its involvement, Mark Barnett, President, Mastercard UK & Ireland, said: “FINKit is a fantastic platform for banks and partners to come together in a live production environment to deliver innovative services securely, reliably, and quickly. We are committed to working with Monitise to enable banks to deliver broad-ranging services such as tokenisation, payment security, location-based services, Masterpass digital wallet solutions, and more. Collaborations of this kind are critical for banks to get the most out of technology and deliver world-class customer service.”
The new and fast-growing FinTech companies joining the FINKit Partner Programme benefit from increased exposure to large potential customers that might otherwise have been inaccessible to them. They also benefit from Monitise’s decade of experience navigating the complex structural, technical, and regulatory environment of financial services. They can develop new products in the knowledge that the banks and financial services companies involved in FINKit are committed to putting innovation in customers’ hands.
Nick Cheetham, Managing Director, Monitise FINKit, says: “We are delighted to welcome Mastercard as one of the founding partners of FINKit. It’s a real vote of confidence in the value of FINKit. It’s vital to simplify collaboration between banks and the wider industry and to get innovative new products and services into customers’ hands delivering benefits quickly, rather than letting them stagnate in banks’ ‘innovation theatres’.
“Early response from current and potential retail banking clients suggests we have a founding group that will enable significant progress to be made in digital service delivery.”
Monitise plc is a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions.
The Monitise FINKit platform and associated capabilities builds upon over a decade of experience in delivering digital services to banks and financial services partners.
Whether it is augmenting legacy systems with minimal impact on those systems, a greenfield project, or strategic digital transformation, FINKit delivers innovation at speed, safely and securely.
Currencycloud‘s Payment Engine is the power inside countless businesses, driving the transformation of the global payments landscape. The company is re-imagining the way money flows through the global digital economy, allowing payment firms to remove the friction and inefficiencies of traditional cross-border payments using its flexible APIs. Launched in 2012 Currencycloud is based in London and is regulated in Europe, the USA and Canada.
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