Italian PayTech Nexi signs Open Banking partnership with Ebury

By Megha Bhattacharya

Italian PayTech Nexi has signed a partnership with FinTech Ebury today. The agreement will see Ebury join Nexi Open, thus enabling Nexi’s partner banks to offer their clients with the full suite of Ebury services, including international cash management, FX risk management and import/export lending. The FinTech’s services will be offered to businesses via an advanced technology platform, easily integrating within the bank’s digital infrastructure, enabling efficient access to the services and strengthening the relationship between the bank and its clients.

“The collaboration with Ebury allows us to support Italian banks that want to expand their global transaction services to SME and Corporate clients, who are increasingly looking to compete cross-border,” said Renato Martini, Head of Digital Banking Solutions at Nexi commented. “Our bank partners will be able to offer relevant services for Italian SMEs that are importing and exporting and strengthen the relationship with their clients by seamlessly integrating Ebury’s services into their digital offering for businesses.”

Recently, Nexi teamed up with FinTech Meniga in a bid to develop a portfolio of digital financial management services aimed at boosting bank-customer relationships.

“We are very excited about our partnership with Nexi and how it will accelerate our collaborations with Italian banks to expand their transactional services for businesses that trade internationally,” said Mauro Miotto, Global Head of Partnerships at Ebury commented – “Ebury’s mission is to help SMEs grow in the global market and by partnering with other financial institutions we believe we can offer the best of both the Bank and the FinTech propositions, and to increase the support to businesses.”