E-money institution and investment firm Project Imagine has launched Pi1, a cloud-based digital banking services platform, to support banks and FinTechs around the world.
The idea behind Pi1 is to provide a cost-effective way for financial firms to modernise their offerings by providing multiple FinTech solutions into a single API. It also comes with an advanced analytics platform.
Pi1 is said to empower customers to see and analyse customers’ entire lifecycle, from the ad that attracted them to their current product use and their customer service history. To offer this complete view of the customer, the platform combines operational data with over 30 other data sources, enabling advanced analytics and machine learning.
Project Imagine claims this gives businesses the ability to perform their know-your-customer checks within 90 seconds.
“We made a big decision at the beginning of our journey not to white label, which allowed us to create a completely new way for our customers to interact with money,” said Aritra Chakravarty, founder and CEO of Project Imagine. “We’re really excited to now be able to offer access to the platform that runs Dozens to banks and FinTechs across the globe looking to reduce time and resources spent on modernising their stack, and instead get to focus on what matters most to them.”
The company is also the developer behind Dozens, the consumer app. Since its launch in January 2019, the app has onboarded over 20,000 customers and processed over £50m through Pi1.
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