Moneythor & Paymentology team to offer banks data-driven personalisation

By Gloria Methri

Paymentology has partnered with Singapore headquartered Moneythor to bring data-driven personalised experiences to digital banking customers leveraging its “Framework for Authorisation and Settlement Transmission” (FAST) interface.

This partnership brings together Paymentology’s deep data stream and Moneythor’s real-time data-driven recommendations, insights, and nudges to deliver customer experiences quickly and at scale.

Banks and their customers can now benefit from more relevant personal finance assistance, as well as advanced money management and savings tools. The partnership will also allow banks to provide smart loyalty programs, cashback, rewards, and unique gamified experiences.

FAST Message provides over 120 transaction details, in a rich, layered, easily interpretable, real-time feed. This allows banks to deliver advanced use cases to help their customers manage their finances better while strengthening the bank-customer relationship thanks to data-driven and personalised loyalty programs.

Moneythor’s system of engagement for financial services is powered by real-time data analytics and behavioural science. The Moneythor Solution delivers unmatched, data-driven, and personalised experiences to customers across all digital banking channels.

Emre Durusut, Regional Director for APAC at Paymentology, said, “We are at the forefront of meeting, and exceeding, the demands of digital banking clients who expect instant insights about their financial activities and health. By combining Paymentology’s FAST feed technology with Moneythor’s personalised system of engagement, we now offer an unparalleled user-friendly experience. The powerful combination of the two companies is enriched by in-depth financial data that banks can readily share with their individual and corporate customers.”

Olivier Berthier, CEO, Moneythor, added, “Paymentology is the best-in-class processing platform for digital banks. By partnering with them we will be able to tap into their rich and meaningful data streams to deliver our actionable insights, recommendations, and nudges to customers when and where it matters most.”