PortX & Prelim team to boost digital banking for financial institutions

By Delisha Fernandes

PortX, a financial infrastructure and integration technology company, has partnered with Prelim, a FinTech providing digital onboarding solutions.

This collaboration will leverage PortX’s Open Banking API to standardise and streamline connectivity to more financial institutions’ (FIs) customers.

“There’s a broad change happening in the financial services market; banks and credit unions increasingly need access to cutting-edge FinTechs like Prelim,” said David Wexler, CEO of PortX. “We are excited to help extend the FI’s reach to support a wider number of applications and speed up the integration process. By leveraging our Open Banking API, Prelim can help more FIs build better digital banking experiences that foster stronger customer relationships and accelerate growth.”

Prelim’s open banking technology is the digital layer between the bank and its customers and helps financial institutions to digitise their services, enhance efficiency, and deliver exceptional customer experiences.

PortX’s Open Banking API offers a universal API definition that financial institutions and FinTechs can utilise to implement familiar financial institutions’ use cases such as online banking, digital banking, account opening, loans, and more. Through this strategic alliance, Prelim will harness PortX’s extensive FinTech ecosystem to deliver unparalleled value to an expanding customer base, reshaping the digital landscape of financial institutions.

Heang Chan, the CEO of Prelim, said, “Joining the PortX FinTech ecosystem and integrating with its Open Banking API will allow us to continue to provide best-in-class access to providers within the platform. Prelim supports over 100 financial products; thus, working with PortX enables us to offer our customers an even more seamless digital banking experience integrated with their cores.”

This strategic partnership between Prelim and PortX enhances digital onboarding solutions and financial infrastructure. Together, they aim to drive innovation, enhance efficiency, and improve the customer experience for financial institutions.