Tell Money Supports Griffin’s launch as a fully operational UK Bank with tell.gateway
Tell Money, a leading fintech open banking provider, is set to play a crucial role in the launch and growth of Griffin Bank, a new UK Bank established to help companies build and launch financial products, following their $24 million funding round and attainment of a full banking licence. Leveraging its state-of-the-art tell.gateway service, tell.money will support Griffin by providing essential compliance and open banking capabilities, driving innovation and growth in the dynamic fintech landscape.
As a key player in the open ecosystem, tell.money ensures that Griffin adheres to the PSD2 legislation, which mandates secure and standardised easy to integrate access to financial data for third-party providers. With its cutting-edge gateway service, tell.money streamlines regulatory complexities, allowing Griffin to focus on platform development and providing exceptional financial services to its customers.
tell.gateway enables the seamless integration of PSD2-compliant APIs into any account provider (ASPSP). This means that Griffin can effortlessly enable Third Party Providers (TPPs) to integrate open banking services, enhancing the overall user experience and functionality of their platform.
"We are thrilled to collaborate with Griffin and support their remarkable growth in the BaaS market," said David Monty, tell.money CEO. "Through our tell.gateway service and strategic partnerships, we are able to empower Griffin with open banking compliance, seamless integration, and operational support as a service, enabling them to focus on driving innovation and delivering exceptional solutions for their clients."
As tell.money continues to empower innovation in the fintech industry, its collaboration with Griffin reaffirms its commitment to customer-centric open banking and the open ecosystem.