Payment Components Announces Strategic Partnership with Fimple

MAROUSSI, Greece - Nov. 29, 2023 - PRLog -- In a significant move to further enhance the financial technology landscape, Payment Components, a leading global provider of payments software solutions, is proud to announce its strategic partnership with Fimple, a renowned entity in the core banking sector.

The collaboration between these two companies aims to combine Payment Components' expertise in open banking & payment solutions with Fimple's robust core banking services, ultimately delivering a seamless, integrated experience for banks and financial institutions worldwide.

With this partnership, Payment Components and Fimple are set to cover the needs of banks and financial institutions in open banking. As open banking is paving the way for new and better banking services, Payment Components's vast experience in PSD2 implementations are set to further enhance Fimple's offering in this area.

This partnership will redefine the standards of financial integrations by providing a comprehensive suite of services that will bridge the gap between traditional banking and modern financial technology.

Fimple strategic alliance with PaymentComponents will also enable current and existing customers with a wider range of tools for payments also like the FINaplo.AI component for smart financial messaging handling, aplonHUB Payments Hub to modernize banks' payment systems, ISO20022 compliance (MEPS+, SEPA, FedNow, BAHTNET and more).

About Payment Components

PaymentComponents is a global B2B solution provider for the Digital Banking age. We provide componentized solutions in a range of domains, from AI Banking, Open Banking, account to account payments, financial messages technology. We focus on the 200B$ banking technology market and help Financial Institutions, Payment Processors, Fintechs and even top tier banks. Today, our solutions are the necessary ingredients for more than 65 Banks and FIs spread across 25 countries, empowering them to drive innovation and become digital champions.

About Fimple

Fimple provides cloud-native core banking platform to banks and non-banks Financial institutions (FI) with monthly-based subscription and pay-as-you-go model. Fimple's modern technology infrastructure, developed entirely according to open banking and global banking standards, provides access to financial institutions via cloud systems or local data centers.

Fimple's innovative approach ensures that newly established financial institutions operate core banking systems with subscription methods without making any hardware and software investments and without high investment requirements. With the flexible structure and robust application infrastructure offered by Fimple, the need for software developers is minimal and rapid product development can be achieved with product-service design tool.