Sopra Banking Software & Paymentology partner on card issuing services

By Gloria Methri

Sopra Banking Software (SBS) and Paymentology have partnered to deliver comprehensive card issuing services within the next-generation SBP Digital Core platform.

Effective from the beginning of 2024, the strategic collaboration will provide card issuing and transaction processing services within SBP Digital Core, SBS’s next-generation Software-as-a-Service (SaaS) core banking platform.

SBP Digital Core is designed to support a wide array of banking services, including deposits, payments, lending, compliance, and regulatory reporting. Through this partnership, SBS can offer a seamless end-to-end card-issuing and processing service, accelerating customers’ time to market. SBS developed a dedicated connector to streamline and accelerate the integration process.

Paymentology, known for its expertise in creating, issuing, and managing physical or virtual payment cards, operates on shared and private cloud instances. Leveraging secure APIs, an ultra-granular enhanced decision engine, and rich real-time data, Paymentology delivers next-generation services and is authorized by specific card schemes to function as an issuer processor.

Commenting on the partnership, Richard Broadbent, General Manager of Digital Core at Sopra Banking Software, said, “This strategic collaboration marks a significant milestone for SBS as we venture into issuer processing for the first time. It enables us to expand our offerings within SBP Digital Core and provide our customers with enhanced card issuing and processing capabilities.”

“For Paymentology, this partnership represents a remarkable opportunity to broaden our customer base and strengthen our presence in regions serviced by Sopra Banking Software. We are very excited about the mutual benefits and new opportunities for growth and expansion that this partnership brings,” said Martin Heraghty, Regional Director Europe, at Paymentology.