CLOWD9, the world’s pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets. tell.money offers tailored solutions, including Confirmation of Payee (CoP) as a service and open banking compliance solutions, catering to fintechs, Electronic Money Institutions (EMIs), and banks in the UK and EU. With the looming deadline for Group 2 Payment Service Providers (PSPs) to adhere to CoP regulations set for October 2024, the urgency for compliance solutions is rapidly escalating.
David Monty, founder of tell.money, expressed excitement about the partnership, stating, “We are delighted to be selected as the open ecosystem partner for CLOWD9. It marks the start of a fantastic strategic partnership, and we are proud to see CLOWD9’s acknowledgment of our capabilities and reliability.”
Suresh Vaghjiani, CEO at CLOWD9, reiterated the significance of the collaboration,…
