23rd July 2019

Kaleyra and Epiphany partner to lead banks into open banking

Mobile messaging service Kaleyra and Epiphany, a technology start-up specialised in digital banking solutions, have signed a partnership agreement to jointly support banks in their digital transformation efforts, from basic PSD2 compliance to delivering new banking experiences, to enabling core banking modernisation.

Paolo Spadafora, Founder and CEO of Epiphany, said: “We don’t view activities such as PSD2, open banking and modernisation as mutually exclusive. We believe that one initiative should support and feed the other in the banking world. Given our tenure as banking system developers and integrators, we felt that we could combine the different solutions in our full-stack digital platform to help banks to achieve a thoughtful and cohesive way to operate.”

Kaleyra and Epiphany’s collaboration will immediately aim at helping their joint customers with PSD2 compliance solutions, as well as ready-to-use products and tailor-made solutions – such as Instapay and Account Aggregation – that meet all the security criteria required by the banking system. Through this partnership and thanks to their converged capabilities and platforms, the two companies will launch and deliver more banking experiences to the open banking market.

September 14th will be the starting point, not the finishing point: "Banks currently appear to be concentrating on adapting their infrastructure to the regulations, but this will only be the beginning," said Alex Milani, Managing Director of Kaleyra. "If they want to remain competitive, they must be able to move as quickly as possible to the development of new, advanced solutions."