SIA and Enel X team up to boost development of new mobile banking solutions

By Megha Bhattacharya

Enel X Financial Services recently announced a strategic partnership with SIA in a bid to design and develop new mobile banking solutions. Enel X’s customers will now be able to make mobile payments via smartphone.

The new collaboration will enable Enel X Financial Services will manage many kinds of transactions, starting with those made to recharge electric cars in the Hubject circuit, the e-mobility joint venture involving the BMW Group, Bosch, EnBW, Enel X, Innogy, Mercedes Benz AG, Siemens and the Volkswagen Group and which has over 750 business partners and 250,000 interoperable charging stations all over the world.

“Having an innovative and reliable partner like SIA will enable us to leverage on the huge Open Finance opportunities,” said Giulio Carone, CEO of Enel X Financial Services. “Thanks to this strategic partnership, we will be able to develop and offer our customers new payment and financial flow management services, starting with electric car recharging operations. This partnership is a further demonstration of the enormous potential offered by digitalization and by the opening of markets which will allow Enel X Financial Services to strengthen its leadership in financial services.”

Recently, open banking solutions provider Tink announced that it has been selected by Enel X, the business line of European utility company- the Enel Group, as it open banking technology provider. The FinTech’s personal finance management technology will allow Enel X Financial Services to develop digital financial solutions for its clients in Italy and Europe.

“The strategic agreement with Enel X Financial Services takes on particular importance as it involves two Italian excellences, in their respective key sectors, which are making a significant contribution towards the payment digitalization process and are focusing on further strengthening their position on the international market,” commented Nicola Cordone, CEO of SIA. “Thanks to its technological infrastructures and its ability to develop innovative solutions, SIA continues to accompany the digital transformation of financial institutions, PAs and businesses which, thanks to the Payment Services Directive 2 (PSD2) and open banking, have the chance to create new payment services for their customers.”