Moneythor and Paymentology team up for next-gen data-driven banking experiences

Paymentology and Moneythor, the global issuer-processor leader and the top-tier provider of data-driven engagement tools for banks respectively, have unveiled their collaboration.

The essence of this partnership lies in offering unmatched and event-driven experiences to users of digital banking, utilising Paymentology’s “Framework for Authorisation and Settlement Transmission” (FAST) platform.

Focusing on Paymentology, their fully cloud-based platform stands out due to its unparalleled flexibility, comprehensive data streams, and highly secure APIs. Their FAST Message feature offers a real-time feed that presents over 120 transaction details in an easily understandable format. This aids financial institutions in delivering superior use cases, enriching the bond between them and their customers through data-inspired loyalty schemes.

On the other hand, Moneythor shines with its exceptional engagement system for the financial sector. This system, powered by immediate data analytics and behavioural science, provides unrivalled, data-driven personalised experiences across all digital banking interfaces. Examples of such experiences are money management suggestions, budget tools, savings objectives, financial education resources, and loyalty schemes among others.

The collaboration promises a plethora of benefits. By combining Paymentology’s vast global payments network with Moneythor’s sophisticated personalisation tool, financial institutions and their clients will access enhanced personal finance guidance. They’ll also avail modern tools for money management and savings. The partnership paves the way for banks to roll out ingenious loyalty programmes, cashbacks, rewards, and unique gamified experiences.

Emre Durusut, Regional Director for APAC at Paymentology, commented: “We are at the forefront of meeting, and exceeding, the demands of digital banking clients who expect instant insights about their financial activities and health. By combining Paymentology’s FAST feed technology with Moneythor’s personalised system of engagement, we now offer an unparalleled user-friendly experience.

“The powerful combination of the two companies is enriched by in-depth financial data that banks can readily share with their individual and corporate customers. We take great pride in this partnership as we embark on our first common use cases, setting the bar high for the future of next-generation banking.”

Olivier Berthier, CEO, Moneythor, added: “Paymentology are the best-in-class processing platform for digital banks. By partnering with them we will be able to tap into their rich and meaningful data streams to deliver our actionable insights, recommendations, and nudges to customers when and where it matters most.”