Tel Aviv-based fintech PayKey, which gained Better of Present in its Finovate debut at our London convention in 2019, introduced the availability of its new embedded banking answer this week. The providing leverages PayKey’s smartphone keyboard to allow customers to handle investments and apply for private loans instantly with out having to go away their WhatsApp, Fb, Instagram, or Twitter app. PayKey’s embedded answer permits customers to easily faucet on their banks’ brand throughout the cellular keyboard and get on the spot entry to their funding portfolios – in addition to the power to steadiness checks, pay payments, and make P2P funds – as seamlessly as a textual content chat.

“Embedded options like PayKey’s keyboard are very important to serving to banks interact with prospects on the proper time and with customized merchandise,” mentioned firm CEO Sheila Kagan. “Investments and private financing are only the start and we’re excited to proceed increasing our embedded keyboard answer sooner or later to assist banks assist their prospects monetary well being even additional.”

The corporate sees the brand new performance as a well timed addition given the surge of curiosity in inventory buying and selling, most not too long ago evidenced by the Reddit/Gamestop/Robinhood market frenzy early within the month. The providing additionally takes benefit of the embedded finance pattern of enabling customers to entry a wider vary of functionalities from a singular app or interface. The result’s a smoother, extra seamless expertise, and a manner for expertise innovators to supply extra options that prospects need with out overly complicating the method to entry or use them.

PayKey’s expertise has gone dwell with greater than 20 main banks around the globe, together with ING and Unicredit. Customary Chartered Financial institution Korea introduced that it was launching the brand new answer inside its SC Cell Banking app again in August.

Based in 2014 by Daniel Peled and Provide Markovich, PayKey has raised greater than $26 million in funding.


Photograph by Sergij from Pexels


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