Enfuce partners with StockRepublic to offer new open banking investment app

By Megha Bhattacharya

European FinTech Enfuce has teamed up with Swedish open-investment platform StockRepublic in a bid to offer a trailblazing fund and stock solution for financial institutions today. The open-investment platform was enabled by Enfuce’s APIs to develop a fully compliant and secure application that helps players within the banking sector embrace the new opportunities opened by Payment Services Directive 2 (PSD2).

“This is in my mind a perfect match and we really look forward to working with an industry leader like Enfuce to implement this application for banks. The infrastructure and technology Enfuce provides make life a lot easier for both us and banks that want to step up and offer the next generation of competitive and innovative solutions’’, said Fabian Grapengiesser, CEO of StockRepublic.

Enfuce stated the collaboration will allow StockRepublic to enhance engagement among consumers holding stocks, funds or other investments, dramatically increasing the transaction volumes per customer and hence directly contributes to the bottom line. Through the platform, they can share, follow, analyze, and benchmark portfolios in real-time.

StockRepublic will now be offering a scalable white-label open investing application that allows consumers to access peer-to-peer investment guidance from star investors in real-time. Through the platform, consumers can share, follow, analyze, and benchmark portfolios.

”We’re very happy to enter into this collaboration with StockRepublic that will help banks offer value-adding services to their customers. StockRepublic is an innovator within its field and the investment platform is a great example of the next-generation solutions that can emerge from the PSD2 regulation, “ said Monika Liikamaa, Co-Founder & CEO of Enfuce.

Recently, Finnish FinTech Enfuce selected Transact Payments as its preferred prepaid BIN Sponsorship partner in Europe. The collaboration aims to allow Enfuce’s customers to launch prepaid card products across Europe. The BIN Sponsorship provider will enable the FinTech to enhance its capabilities and gain a strong compliance track record along with a wide geographical reach.