BBVA, Sella, Fabrick enter an Open Finance strategic partnership

Tuesday 2 November 2021 14:12 CET | News

BBVA and the Sella group have entered a strategic partnership for Open Finance, designed on Fabrick's platform. 

The above will allow BBVA to offer its foreign customers willing to operate in Italy and those of the newly launched digital bank a series of local payment services such as F24, postal bills, CBILL, and pagoPA. The agreement provides that Banca Sella makes available to the Spain-based financial group its products through the APIs managed through the platform of Fabrick, a company operating internationally to foster Open Finance.

For the Sella group, therefore, this is one of the first initiatives in the Banking-as-a-Service strategic area, which aims to enable and expand the range of services offered to corporate, fintech, and international financial institutions. The agreement, moreover, is also part of a broader cooperation context that sees the Fabrick platform contributing to the International Open Finance projects of BBVA.

The project, sharing the know-how of the three players to meet the new needs of the global market, has allowed BBVA to optimise technological investments, implementation times, organisational impacts, and accelerate time-to-market.

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Keywords: partnership, BBVA, BaaS, Open Finance
Categories: Banking & Fintech
Countries: Italy
This article is part of category

Banking & Fintech