UK Fintech Paymentology wins contract to power Standard Chartered's new Digital Bank, Mox Bank
LONDON - Paymentology, a revolutionary technology payment platform for financial services, is the cloud card payment processor behind Standard Chartered Bank’s new virtual bank Mox Bank (https://mox.com/). Created by Standard Chartered Bank with PCCW and Trip.com, Mox Bank is one of eight digital banks in Hong Kong and offers numberless bank cards to its customers.
Working with Visa and Mastercard, Paymentology continues to lead the digital banking transformation and has fast become the preferred fintech provider for digital and high street banks alike. With its dedicated cloud processing and innovative feature set, Paymentology’s platform delivers consumer behavioural data in seconds, allowing banks to tailor services and products to consumer needs.
Expanding into Asia and already working with a key player in the market, Standard Chartered Bank, Paymentology are to open their new Singapore office in April 2020 to serve this market and accelerate the digital transformation for banks entrenched with legacy systems.
Matt Bruton, Chief Commercial Officer at Paymentoloy says:
‘As banks around the world look to replace their aging legacy card systems, we are providing SaaS solutions that will cater for our clients needs today and beyond. Standard Chartered’s MOX is leading the way in this area with their new technology stack and we’re incredibly proud to be a key component of that’
Paymentology runs multiple issuer payment card processing platforms across the world, spanning Mastercard, Visa and Union Pay networks. We are recognised as the leading innovator in the sector.
We specialise in:
• Replacing legacy Issuer card processing
• Provision of cloud & data centre-based processing
• Simple API set for easy integration
• Direct transaction injection into bank GL
• Delivery of rich card spend data set to bank
• Enablement of very latest cardholder spend controls
• Support of Debit, Credit and pre-paid cards
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