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Railsbank to roll out two new embedding finance products

Monday 7 December 2020 13:54 CET | News

Railsbank, the global Banking-as-a-Service (BaaS) platform, has announced the launch of two new products: the Houston platform and OpenRailz API. 

Over the past four years, in preparation for launching the Houston platform and OpenRailz API, Railsbank has deconstructed financial products into core digital components to enable its customers, regardless of sector, to reconstruct and embed financial services into their businesses and customer journeys.

The OpenRailz API will allow any financial services provider to plug their products securely and compliantly into the Railsbank platform and be available within Houston for customers to build financial apps and embedded experiences.

The Houston platform and the OpenRailz API also caps off a landmark year for Railsbank. Last month, the company announced it had raised USD 37 million in growth funding, following the signing of two partnerships with Visa and an investment from the payments giant, as well as the acquisition of Wirecard in the UK.

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Keywords: Railsbank, Banking as a Service, embedded finance, Open API, financial services, fintech
Categories: Banking & Fintech | Payments General
Countries: World
This article is part of category

Banking & Fintech