Kaleyra and Epiphany join forces on open banking
Kaleyra, an international in-mobile messaging service for banks and companies of all sizes, and Epiphany, a technology start-up born in Italy and operating globally, specialised in digital banking solutions that open-up open banking, have signed a partnership agreement.
This will enable the two to jointly support banks in their digital transformation efforts, from basic revised Payments Services Directive (PSD2) compliance to delivering new banking experiences, to enabling core banking modernisation.
With things coming to a head on 14 September 2019 relative to PSD2 compliance, these two firms are well positioned to support a paradigm shift, the likes of which will redefine the role of financial institutions in their broadest sense in Europe.
Paolo Spadafora, founder and CEO of Epiphany, states that, “we don’t view activities such as PSD2, open banking and modernisation as mutually exclusive.”
Spadafora believes that one initiative should support and feed the other in the banking world. “Given our tenure as banking system developers and integrators, we felt that we could combine the different solutions in our full-stack digital platform to help banks to achieve a thoughtful and cohesive way to operate.”
In this scenario, Kaleyra and Epiphany’s collaboration will immediately aim at helping their joint customers, with PSD2 compliance solutions, as well as ready-to-use products and tailor-made solutions – such as Instapay and Account Aggregation – that meet all the security criteria required by the banking system.
“Banks currently appear to be concentrating on adapting their infrastructure to the regulations, but this will only be the beginning,” explains Alex Milani, managing director of Kaleyra. “If they want to remain competitive, they must be able to move as quickly as possible to the development of new, advanced solutions.”
Epiphany’s full stack digital banking platform is the result of a deep knowledge in systems development and integration expertise with banks. It is equipped with a sandbox and developer portal, to allow developers of banks and fintech to quickly create the new products they need.
Kaleyra, provides banks with a series of services to communicate effectively with its customers via mobile, notifications and SMS.
