Amount, a provider of banking technology, has joined the Mastercard Engage network. Through this collaboration, Amount will offer financial services through the open banking system of Mastercard.
Adam Hughes, CEO of Amount, said, “We are proud to partner with Mastercard as part of our effort to progress the financial services landscape forward to a more comprehensive and inclusive open banking system. Through our inclusion in the Engage partner network, Amount’s consumer and SMB clients will benefit directly from access to Mastercard’s open banking tools and capabilities to unlock better data, faster decisioning, and greater efficiency.”
Amount will provide identity, cashflow, checking and saving, and income verification on the platform. It will also offer better funnel conversation rates by offering access to consumer-permissioned data solutions.