RiseUp, an AI-driven financial insights tool, has partnered with European Open Banking provider Yapily to help its customers perform faster and more seamless payments.
By integrating Yapily’s Single Payments and Sweeping Variable Recurring Payments (VRPs) technology, RiseUp partners can adopt these payment solutions to bolster the speed of their transactions.
Partners will be able to offer to their customers the ability to instantly send and move money to-and-from their desired bank accounts, or to fuel their own payments, such as paying down debt, increasing savings, or making investments, based on RiseUp’s AI recommendations.
Yuval Samet, CEO and Co-Founder of RiseUp, said: “Customer data is the bedrock of the AI economy, and unlocking its power will be one of the key drivers of growth for financial institutions.
“However, many financial institutions struggle to create a meaningful impact from mounds of data and create value for their customers. Our partnership with Yapily shows the potential of open banking technology to break down these barriers and create a win-win ecosystem for financial institutions and customers.
“We’re excited to see how our partners leverage this new technology to help their customers put idle money to work and accelerate the growth of their business.”
Founded in 2017, RiseUp taps into the capabilities of Open Banking and AI to help financial institutions deploy deposit and lending conversion strategies.
RiseUp’s use of Yapily’s payment infrastructure aims to bridge the gap between data and payments, offering financial institutions and their customers a tool to achieve their financial goals and tailor customer needs to their benefit.
Yapily brings onboard another partner in RiseUp to leverage its VRPs and other Open Banking-powered solutions, joining the likes of Ayden, Alipay and Zilch.
Stefano Vaccino, CEO and Founder of Yapily, added: “Financial institutions don’t only need more data, they also need smarter and faster ways to act on that data. This partnership is about doing exactly that.
“By combining our open banking payments and VRP capabilities with their deep insights, RiseUp is helping its customers move money in ways that significantly improve their financial lives. This is another example of how powerful open banking can be in transforming how businesses act upon customer data in the AI economy.”
