Italian illimitybank.com, the illimity Group’s digital direct bank, is introducing a Payment Initiation Service (PIS), a system which enables customers to make payments from accounts of other banks consolidated on its platform.
Customers who have activated illimity connect, the account aggregation service set up by illimitybank.com, can now use PIS.
With this initiative the bank is aiming to establish itself as the leading integrated management platform for the finances of its customers, to whom they will continue to provide an increasingly advanced range of functionalities and services.
“illimitybank.com is enhancing its offer in the spirit of constant innovation,” said Carlo Panella, head of direct banking and chief digital operations officer of the illimity Group. “From a wholly open banking standpoint the direct bank also enables its customers to make payments from the accounts of other banks from their illimity account, and we in illimity are proud of being the promoters of this innovation. We will continue working in this direction in order to extend our services and provide our customers with new and useful solutions.”
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