Fintech

Credit Suisse and Klara Collaborate on B2b Open Banking

Credit Suisse will collaborate with Klara on new open banking alternatives.

Both firms have been focusing on developing solutions and providing value for their corporate clients, such as seamlessly sharing payment information and online credit applications.

According to the announcement, private clients of Credit Suisse will be able to begin digital payments through a one-time opt-in process as a result of the cooperation.
These customers can then connect their accounts to the ePost app.

Furthermore, Klara's ePost will be able to communicate with Credit Suisse's online banking system, allowing it to streamline payments for customers.

“By providing open banking services, we are building an integrated, customised client experience,” said Anke Bridge Haux, Credit Suisse AG's head of Digital Banking. “In collaboration with Klara, we are now offering payment capabilities to our private clients using interface technology. It is simple, frictionless, secure, and available whenever clients want it on a daily basis.”

According to the announcement, Credit Suisse finalised US-listed equity deals on the same day as financial institution building business Paxos.

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