tell.money Partners with Enfuce to Deliver PSD2-Compliant Open Banking Services for Their Customers

tell.money, a leading SaaS provider of PSD2-compliant open banking solutions, is thrilled to announce its strategic partnership with Enfuce, a rapidly expanding provider of secure and compliant card issuing platforms. This collaboration marks a significant milestone in the open banking landscape, enabling Enfuce to deliver seamless, PSD2-compliant services that meet the diverse needs of their customer base with agility and efficiency.

In an era where the open banking market in the UK alone is projected to reach a revenue of US$ 14,529.6 million (£11,476.384 million) by 2030, with a compound annual growth rate (CAGR) of 26.4% (1), the demand for innovative and compliant solutions is at an all-time high.

tell.money’s cutting-edge technology and strong compliance focus have positioned it as the partner of choice for Enfuce, a company renowned for its secure, modular, and cloud-based payment processing capabilities.

Founded in 2016, Enfuce has been a vocal advocate for the “build vs buy” decision, encouraging organisations to evaluate whether it is more strategic to develop technology internally or partner with experts. After an extensive review, Enfuce selected tell.money for its open banking partner, recognising the platform’s advanced technology and the dedicated team behind it as key differentiators. Through tell.money’s SaaS platform, which provides open banking compliance and Confirmation of Payee (CoP) solutions across the UK and EU, Enfuce has fortified its open banking services, ensuring rapid and secure integration for customers and end users.

Enfuce, a female-founded and led company, has consistently demonstrated its commitment to innovation, security, and expertise. As one of Finland’s most valuable scaleups, Enfuce is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud. With a focus on collaboration, Enfuce efficiently provides customers with cutting-edge features, offering in-house experts and white-labelled technology to help companies create scalable payment solutions with ease.

Annina Lehtimäki, Product Manager at Enfuce, comments: “Partnering with tell.money enables us to further strengthen the security, compliance, and scalability of our open banking solutions. With tell.money’s advanced platform, coupled with our secure, modular cloud-based capabilities, we are well equipped to deliver seamless integration and superior customer experience to the evolving needs of our customer base.”

David Monty, CEO of tell.money, is enthusiastic about the partnership saying: “This collaboration allows users to benefit from a transparent, compliant, and seamless experience, helping Enfuce maintain its position as a leader in scalable, secure financial services. We are very excited to be partnering with Enfuce and are proud to help showcase the benefits of partnering rather than attempting to build complex services in-house.”

Tell.money continues to fulfil its mission of simplifying and enhancing PSD2 compliance while enabling innovative and seamless customer experiences. By empowering financial institutions like Enfuce, tell.money is driving the next generation of open banking, transforming financial technology into a force for good.