FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.
Founded in 2017, Milan-based Nexi provides card issuing services for credit, debit and pre-paid cards. The company claims it is the leading PayTech firm in Italy and Europe overall. Fiskl markets a next-generation mobile-first global SaaS platform for managing micro-SME business finances and accounting.
Under the terms of the agreement, Fiskl will become part of Nexi Open, which is Nexi’s ecosystem of Open Banking services.
According to Nexi, PayTech partner banks will now be able to offer their corporate small business clients a series of ‘innovative’ services for the management of invoicing, double-entry bookkeeping and payments.
Nexi noted lenders will be able to leverage Fiskl’s API and Data Engine through the agreement in order to develop additional functionality into their online and mobile banking platform. This, the firm claims, will reduce time-to-market and enrich their lenders’ digital offerings.
Nexi head of digital corporate banking Gianluca Finistauri said, “This agreement will allow our partner banks to simplify the life of their business customers via more precise data intelligence thus facilitating the offer to companies of tailor-made services and consequently expanding the acquisition and loyalty.
“Our Open Banking ecosystem is enhanced with a service that is ideal for acquiring and servicing to small business: the largest growing market segment.”
Alina Lapusneanu, Fiskl CEO, said, “Fiskl’s collaboration with Nexi will enable its partner banks to rapidly build and extend “beyond banking” digital capabilities by leveraging Fiskl’s APIs as well as its SaaS platform to get real-time, fully reconciled financial data to better serve their small business customers.
“Providing end to end digital banking services which include banking, invoicing, payments and lending in one seamless experience for small business customers will enable Nexi’s partners to win in the very competitive European banking market.”
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