Plumery partners with Payment Components to modernise digital banking

By Gloria Methri

Plumery, a digital banking experience platform, has announced a new partnership with Payment Components, an expert in payments and open banking solutions. The collaboration aims to decouple digital experience and payment processes from legacy systems, enabling financial institutions to innovate more flexibly while maintaining their existing core banking frameworks.

The partnership allows clients to accelerate time-to-market and streamline operations against regulatory shifts such as the Instant Payments Regulation (IPR). Financial institutions can offload the burden of implementing new digital channels and payment instruments, such as real-time payments, without altering their core systems.

The IPR aims to make instant payments fully accessible to consumers and businesses across the EU. Currently, only a minority of payment service providers support instant payments. While such regulatory changes usually impact core banking infrastructure, the Plumery and Payment Components partnership ensures these systems remain unaffected.

Ben Goldin, Founder and CEO of Plumery said, “This partnership is crucial for institutions needing to rapidly modernise without overhauling their entire infrastructure. Together, we offer a powerful, flexible solution that enables our clients to embrace innovation while staying ahead of regulatory changes like the IPR. Adding Payments Components to our partner ecosystem solidifies our commitment to creating cutting-edge solutions that embrace digitisation.”

This global partnership offers a streamlined path to modernisation, enabling financial institutions to stay compliant, competitive and responsive to ongoing market shifts with solutions ready to support firms as they navigate the evolving payments landscape.

Sotirios Nossis, Founder and CEO of Payment Components, stated, “Our collaboration with Plumery will empower financial institutions to seamlessly adopt modern payment technologies, addressing the complexities of regulatory changes while minimising disruptions to existing systems. We wanted to work with Plumery because our companies share a similar approach and work ethic and, most importantly, because of the compatibility of our products.”