tell.money partners with Enfuce for PSD2-compliant open banking

By Gloria Methri

tell.money, a SaaS provider of PSD2-compliant open banking solutions, has announced its strategic partnership with Enfuce, a provider of secure and compliant card issuing platforms.

In an era when the open banking market in the UK alone is projected to reach a revenue of $14,529.6 million by 2030, with a compound annual growth rate (CAGR) of 26.4%, the demand for innovative and compliant solutions is at an all-time high. tell.money’s technology and compliance focus has made it a suitable partner of choice for Enfuce, a company delivering cloud-based payment processing capabilities.

Through tell.money’s SaaS platform, which provides open banking compliance and Confirmation of Payee (CoP) solutions across the UK and EU, Enfuce will fortify its open banking services, ensuring rapid and secure integration for customers and end users.

With a focus on collaboration, Enfuce provides customers with cutting-edge features, offering in-house experts and white-labelled technology to help companies create scalable payment solutions with ease.

Annina Lehtimäki, Product Manager at Enfuce, said, “Partnering with tell. money enables us to strengthen the security, compliance, and scalability of our open banking solutions further. With tell.money’s advanced platform, coupled with our secure, modular cloud-based capabilities, we are well equipped to deliver seamless integration and a superior customer experience to the evolving needs of our customer base.”

David Monty, CEO of tell.money, is enthusiastic about the partnership, saying, “This collaboration allows users to benefit from a transparent, compliant, and seamless experience, helping Enfuce maintain its position as a leader in scalable, secure financial services. We are very excited to be partnering with Enfuce and are proud to help showcase the benefits of partnering rather than attempting to build complex services in-house.”

By empowering financial institutions like Enfuce, tell.money said it is driving the next generation of open banking, transforming financial technology into a force for good.