PFS (a company of EML) is excited to highlight a range of product enhancements designed to accentuate the competitive advantage of disruptive FinTechs aware of Banking-As-A-Service (BaaS) trends in the European Economic Area.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005370/en/
PFS is working with FinTechs & Banks to disrupt Financial Technology (Graphic: Business Wire)
SEPA Direct Debit (SDD) will enable clients across the EEA to take on traditional banks through PFS’ licenses with the Financial Conduct Authority (FCA) and the Central Bank of Ireland (CBI). Additionally, the company announces that SEPA Instant Credit Transfer (SCT Inst) is just around the corner.
”Financial Technology is a fiercely competitive space and BaaS allows FinTechs to compete with established banks but conversely, we also enable established banks to take advantage of new technologies that can run independently or in conjunction with their core banking platforms. What we recognise is