Qolo and MX Collaborated to Aid Neobanks and FinTechs Grow

Digital Payment, Digital Payment Platforms, Banking, Banking Services, Digital Banking, Digital Banking Platform, retail banking, Cloud-based Systems, Banking-as-a-service, BaaS, fintech, fintech outlook
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Qolo, a global FinTech payment platform, officially established a strategic alliance with MX, a leading open-finance firm. Both organizations offer rapid ways to assist organizations, specifically FinTechs and Neobanks, set up a fundamental digital banking experience. This enables them to get into the industry rapidly while also ensuring their growth in the future.

Patricia Montesi, Qolo CEO, stated, “Fintechs and neobanks are growing rapidly and they are hungry for the functionality and sophistication that our combined teams can offer. “By pairing Qolo’s single API payment ecosystem together with MX’s core mobile banking functionality and unmatched user experience, we’re demanding more for the next generation of disruptors.”

Qolo will operate as a payment gateway, providing the necessary APIs to let customers access their accounts, deposit funds, invest their funds, and much more. More than 30 cooperative opportunities have already arisen because of the strategic alliance.

Don Parker, executive vice president of partnerships, MX , commented, “We believe MX’s commitment to partnering with best-in-class organizations that complement our offerings is key to sustained company growth. “Cost efficiency, scalability, trustworthiness — those are the key drivers of innovation that will transform the next iteration of the global financial ecosystem as we lead this revolution with respected partners like Qolo.”

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