This partnership will manage the delivery of Paymentology’s cloud-based card management product for issuing of credit, debit, and prepaid. The product is assisting retail banks, digital banks and EMIs to have control over the consumers transactions. It allows consumers flexibility in the use of their card products and management.
These analytics (including AI based fraud controls) are used by banks moving to digital to deliver real time finance solutions. According to the official press release, Paymentology processing engine for challenger banks uses this technology to allow banks increase speed to market with reduced costs and to independently launch card products.
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