DALLAS, Aug. 3, 2022 (GLOBE NEWSWIRE) — FinTech automation (“FTA”) announces that it has been selected as one of Mastercard’s open banking technology partners Engage partner network. The Engage program has developed a network to provide businesses with easy access to technology partners who can rapidly build and deploy open banking solutions for payments and lending decisions at scale.
With the rapid adoption of open banking (i.e. consumer permission to data access) and digital tools across financial services, FTA has been selected by Mastercard as one of the premier technology partners to drive innovation through access to its open banking platform, from lending to payments for financial management.
“As we move from the information to the digital age, how we move information is as important as the data itself,” said David Park, CEO of Fintech Automation. “Mastercard and FinTech Automation are key to that movement.”
FTA allows firms to build a fully digital financial hub with little or no code, and through open banking allows firms to establish direct consumer permissions to customers’ bank accounts. Through these consumer authorization connections, businesses can verify accounts for payments and withdrawals, check balances to reduce payment errors, and reduce fraud by verifying bank account ownership. This has improved the payment experience for both the companies and their customers.
“Mastercard is excited to partner with FinTech Automation to deploy open banking solutions that are designed with security at the center and will help meet consumers’ financial needs and enable choice,” said Andy Sheehan, EVP, US open banking at Mastercard. “Together, we can enable innovation that will increase financial inclusion and expand access to digital services worldwide.”
FinTech Automation’s inclusion in the Engage partner network leads to fewer contracts, faster customer access, improved data security and increased overall flexibility to better leverage Mastercard’s robust open banking services.
About FinTech Automation
FinTech Automation is a Dallas, TX-based financial technology company dedicated to building a fully digital financial experience with little or no code. The FTA UniFi platform is the foundational component – or building blocks – to help our customers drive innovation and business growth without worrying about the technology that supports it. The UniFi platform offers banking, payments, compliance and wealth management Software as a Service applications, which are integrated with over 40 partners to provide analytics, databases, open banking, application development tools, artificial intelligence, machine learning and robotics. process automation.
www.FinTechAutomation.com
