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Finnish FinTech Enfuce accredited as a licensed cost establishment

Finnish FinTech Enfuce introduced in the present day that it has been accredited as an authorised cost establishment by the Finnish Monetary Supervisory Authority. This accreditation will enable the FinTech’s clients to carry out account info and cost initiation providers with Enfuce.

“Becoming an authorised payment institution is a major milestone for us. We can now serve an even wider group of customers and drive our vision of open banking for everyone,” stated Denise Johansson, CEO and Co-Founder at Enfuce.Along with delivering efficient connectivity to our present licensed clients with our Open Banking Hub, we will now introduce the identical service to different clients. We handle the regulatory compliance and technical connectivity, letting our clients concentrate on designing the service expertise and branding.”

The FinTech’s Open Banking Hub allows clients to retrieve bank account info and allow cost initiation for end-users’ bank accounts. The account info service gives entry to a brand new set of knowledge which has not been out there earlier than, and the cost initiation service might be built-in into present cost processes in cellular apps and e-commerce websites.

Just lately, Enfuce entered right into a partnership with Mobility-as-a-Service supplier, MaaS International in the present day. The collaboration will allow the corporate to launch a card cost providing inside MaaS’ mobility app, Whim. Swedish neobank Rocker additionally chosen Enfuce as its companion for card issuing and cost processing.

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Jung Min-seo


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