Privat3Money (P3) a UK E-Money Institution who offers global citizens and corporates an intuitive digital platform to manage their financial needs, has selected Vilnius (Lithuania) based FintechLab to power its core payments platform and mobile app.
P3 can be labelled as the new kid in the London Fintech scene; however, the project has achieved significant milestones in a short period. Authorised by the UK Financial Conduct Authority as an Electronic Money Institution in March 2020, P3 has teamed up with a range of major players in the financial industry to drive forward its vision and strategy. At the core of P3 ‘s Project are its native platform and the P3 Mobile App both developed by FintechLab.
By partnering with FintechLab, Privat3Money will be working with one of the leading providers of digital banking platforms. FintechLab offers banking-engine adjustable for a variety of financial companies, banks, E-Money and Payment Institutions.
Reda Bedjaoui, Founder of Privat3Money, commented “The partnership with FintechLab reinforces P3’s digital offering and commitment to our prospective clients to provide an intuitive and user-friendly digital platform. London and Vilnius are the Fintech Hubs of Europe and our alliance with FintechLab and its developers will translate into multiple product innovations that we will be bringing to market in the next few months for the benefit of our end-users.”
Once operational, P3 will offer a PSD2 compliant cutting-edge platform with SEPA, SWIFT and faster payments connectivity that would ensure a safe and efficient on-boarding procedure using 3rd party KYC/AML providers, as well as biometric technology.