In a strategic move to bolster its services, Crassula, a leading cloud banking Software-as-a-Service (SaaS) platform, has chosen tell.money's Open Banking and Confirmation of Payee (CoP) solutions. This collaboration aims to help Crassula's clients meet the stringent requirements of the Payment Services Directive 2 (PSD2), while simultaneously enhancing security measures and preventing fraud. By integrating these advanced solutions, Crassula is positioning itself as a forward-thinking provider in the digital banking sector, offering scalable and efficient compliance tools to its diverse clientele.

A Strategic Alliance for Enhanced Financial Solutions

In the rapidly evolving financial technology landscape, Crassula has taken a significant step by partnering with tell.money. This partnership was initiated in response to the growing need for robust compliance and security measures. Located at the heart of this alliance is the integration of tell.money’s cutting-edge Open Banking and CoP technologies. These solutions are designed to streamline PSD2 compliance for Crassula’s clients, which include neobanks, e-wallets, and Embedded Finance providers. The integration process, which commenced recently, is expected to provide Crassula’s clients with a seamless way to verify account details before initiating payments, thereby significantly reducing the risk of fraud.

The timing of this collaboration is particularly noteworthy, as it follows similar partnerships between tell.money and other prominent financial institutions. For instance, FxPro’s BNKPro, an Electronic Money Institution (EMI), joined forces with tell.money at the start of January 2025 to implement CoP technology. This move aimed to enhance user safety in the digital financial realm. Similarly, Caxton Payments collaborated with tell.money in December 2024 to launch a CoP solution that prioritized both security and privacy for its users.

Perspectives on the Partnership

From a journalist's perspective, this partnership underscores the importance of adaptability and innovation in the financial sector. As regulatory requirements become more complex, companies like Crassula must find ways to stay compliant without compromising on user experience or operational efficiency. By leveraging tell.money’s expertise, Crassula can focus on driving growth and development, knowing that their clients are well-equipped to navigate the regulatory landscape. This strategic move not only strengthens Crassula’s position in the market but also sets a precedent for how financial technology companies can collaborate to address common challenges.