Under the agreement, Fiskl will become part of Nexi Open, Nexi ecosystem of Open Banking services: from today, the PayTech partner banks will be able to provide their corporate small business clients with a series of innovative services -with a best in class solution- for the management of double-entry bookkeeping, invoicing and payments.

“This agreement will allow our partner banks to simplify the life of their business customers via more precise data intelligence thus facilitating the offer to companies of tailor-made services and consequently expanding the acquisition and loyalty - comments Gianluca Finistauri, Nexi Head of Digital Corporate Banking - Our Open Banking ecosystem is enhanced with a service that is ideal for acquiring and servicing to small business: the largest growing market segment”.

Lenders will also be able to leverage Fiskl API and Data Engine to build additional functionality into their online and mobile banking platforms, thereby reducing time-to-market and enriching their digital offerings.

“Fiskl’s collaboration with Nexi will enable its partner banks to rapidly build and extend “beyond banking” digital capabilities by leveraging Fiskl’s APIs as well as its SaaS platform to get real-time, fully reconciled financial data to better serve their small business customers”- said Alina Lapusneanu, Fiskl Chief Executive Officer. “Providing end to end digital banking services which include banking, invoicing, payments and lending in one seamless experience for small business customers will enable Nexi’s partners to win in the very competitive European banking market.”

The Nexi Open and Fiskl partnership provides an opportunity for banks to simplify and automate the financial processes of their small business customers, to extend the range of services provided and thus become of the true centre of their customers’ financial life.