Strands, a leading FinTech company that helps banks leverage Artificial Intelligence-based tech to grow customer loyalty and boost their bottom line, and Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services, have announced a strategic partnership to provide an integrated suite of secure and customized digital banking solution to financial institutions globally.
Tech Mahindra will leverage Strands’ Artificial Intelligence capabilities along with its existing domain expertise in financial services to enable enhanced customer experience. By providing data-driven analytics of user behavior, the digital banking solution will enable financial institutions to create personalized and contextual offering for their customers. In addition, the solution will provide them with relevant insights to take informed decisions to generate cross and up-sell opportunities. The solution will lead to multiple touch-points across the customer journey which will further translate into a higher customer engagement and retention rate.
Gautam Bhasin, Global Head, Banking, Financial Services and Insurance, Tech Mahindra, said:
“As part of our TechMNxt charter, Tech Mahindra is focused on enhancing customer experience by leveraging next generation technologies like Artificial Intelligence to deliver world-class solutions. Our collaboration with Strands will further enable us to implement this unique digital financial solution to enhance end-customer experience and faster time to market of products & services by banks, as well as increase return of investment for our customers”. — Gautam Bhasin
Tech Mahindra will offer Strands solutions to its global clientele to enable their complete digital transformation, and will also undertake system integration and service portfolio management.
Erik Brieva, CEO at Strands, said:
“Our white-label digital money management solutions give financial institutions an edge over the competition, speed up internal processes and help them reap the benefits of a more engaged relationship with their customers. This strategic partnership with Tech Mahindra will accelerate the delivery of tangible business value”.
Strands product portfolio includes PFM (Personal Financial Management), BFM (Business Financial Management, CLO (Customer Linked Offers), Engage (insight-driven solutions) and API (Application Programming Interface) Hub to connect multiple APIs and external services.
As part of the TechMNxt charter, Tech Mahindra is focused on creating a partner ecosystem to create a suit of next generation technology enabled solutions and services to serve global customers. The partnership with Strands will further strengthen the offering in financial space and help in gaining access to newer enterprise across the Globe. Tech Mahindra’s digital transformation offerings include robust solutions that enable banks to successfully overcome outdated approaches and transform the traditional customer operations model into new business models based on digitization.
We at Strands are honored to be included in the “10 Best FinTech Firms in Barcelona”.
As pointed out by Barcinno, Barcelona is home to some of the most exciting FinTech firms that meet the demands of today’s hungry, tech-savvy customers.
Since 2004, Strands has been leveraging its extensive expertise in big data and machine learning to develop AI-based digital money management software. We powered the first Personal Finance Management solution in Europe for BBVA, which is still considered to be one of the best mobile banking apps around the globe today.
The company also began a partnership with Mastercard in 2018 to empower small-to-medium enterprise banking with AI and cutting-edge payment technology. With more than 300 corporate clients around the world, Strands is a company in constant growth. — Mark Asquith, writer and PR consultant at Barcinno
Strands was founded in 2004 and today we have offices in Barcelona, Miami, Buenos Aires and Kuala Lumpur.
Strands, a leading FinTech company that helps banks leverage AI-based tech to grow customer loyalty and boost their bottom line, announces the launch of its new corporate website.
The revamped site delivers improved user experience through a simple, clean design with enhanced features, functionality and navigation, enabling visitors to experience Strands’ comprehensive product suite and innovative solutions.
“We are excited about the exceptional value this new website offers to our stakeholders, including our prospects, customers and employees,” said Victoria Yasinetskaya, Strands’ Marketing Director.
“The site redesign and updated content reflect our ability to deliver sustainable solutions and endless innovation. This allows us to showcase our competitive strengths and further position our brand as a competitive leader in the FinTech industry.” — Victoria Yasinetskaya, Strands’ Marketing Director
Additionally, https://strands.com/ implements the full scope of the branding refresh Strands is experiencing this year —giving a more complete, attractive, and updated look than the previous iteration.
Designed with user-experience and simplicity as the key focus areas, the new website includes:
Updated navigation organized by Solutions and Products to help visitors easily find what Strands has to offer;
Custom illustrations that make navigation more pleasant and meaningful;
Expanded Clients section that showcases implementation-specific examples;
Resources page for quicker access to the blog, white papers, product sheets and videos; and
News & Events that highlight the latest company news, press releases and feature articles.
The global FinTech partner for banks, STRANDS, and adorsys, both software experts and providers of PSD2 solutions, are further expanding their partnership for the international digital transformation of financial services.
From now on, STRANDS provides implementation services for adorsys’ XS2A solution in Spain and other international markets. Due to the increasing digital transformation of financial services, both companies consider a cooperation of banks and third-party providers (TPPs) to be necessary – also independent of the established PSD2 regulation.
The PSD2 initiative is currently perceived as a catalyst for open banking in Europe. Banks that seek to become Account Servicing Payment Service Providers (ASPSPs) and Third-Party providers (TPPs) and that also want to be Account Information Service Providers (AISPs) or Payment Initiation Service Providers (PISPs) will have access to customer accounts (XS2A) of financial institutions. These parties were invited to prepare for March 14, 2019, when the testing phase of the new Application Programming Interfaces (APIs) began. APIs are the technical mechanism that allows banks to securely exchange customer data with TPPs.
For this reason, more than 30 experts from adorsys have focused on a PSD2-solution. In their endeavor, they created an XS2A-Sandbox, which is optimally harmonized through the use of its components. The purpose of the Sandbox is to make the transition to monetizing PSD2 investments as easy as possible for its users: create value-added services for your customers and provide expert API management. The solution offers everything that already supports PSD2 live production usage.
STRANDS and adorsys are developing models to transform the technical investment into business value – so that banks do not get stuck with their “mandatory investments”. The development teams of both partners have been working in this field for many years and have successfully completed numerous projects for first-class banks.
STRANDS offers digital money management software that allows adorsys to focus on continual advancement of the solution. With STRANDS, the Sandbox should be delivered to interested banks almost immediately, without long infrastructure procurement cycles.
What is the feedback that adorsys gets from the bank customers? How do they benefit most?
“We as adorsys see ourselves not only as a technology provider. We also help our clients to find feasible models and thereby create cooperation rather than conflict. The interaction helps the financial services market to innovate and create a new customer experience. The expansion, in other words, the revamping of new business models is often a tedious process. And it is at exactly this point where we want to help and support our customers.” — Stefan Hamm, CEO of adorsys
How does the collaboration with STRANDS improve benefits for the financial institutions?
“Our company mission is to help banks transform their traditional business model, streamline innovation and maximize customer interactions though STRANDS financial management white-label solutions. The
alliance with adorsys shows a true determination from both companies to create value and contribute to the success of these financial institutions by boosting their bottom line.” — Erik Brieva, CEO of STRANDS
As a software service provider, adorsys offers much more than just PSD2 solutions for financial services companies. Especially with the individual offer of innovative and tested software, the company has established itself on the market in the last ten years. adorsys specializes in web-based and mobile applications for all devices based on state-of-the-art technologies. From complete consulting and competent implementation of business design to DevOps and support services, adorsys supports IT departments in the holistic implementation of their projects.
Experts in Big Data, AI and Machine Learning since 2004, STRANDS creates highly-customizable digital money management software for top-tier financial institutions worldwide, and empowers people to be smarter with their money. STRANDS has carried out more than 600 implementations to date.
The company’s mission is to enable banks and merchants to anticipate customer needs and proactively suggest next-best-actions to increase long-term customer value. Strands solutions empower people to better manage their financial and consumption life, and take decisions in a smarter, more transparent and independent way.
“Digital Banking Reloaded” was the theme of this year’s TCF. It celebrated a new era of digital technology that is giving financial institutions the freedom to be creative, the power to innovate continuously and the resilience to withstand huge and increasing competition – all at a significantly lower cost.
Stranders Leandro Gimeno, Head of Global Sales, and Pablo Lacruz, Business Development Manager EMEA, showcased our digital money management solutions to Temenos’ providers and industry analysts. If you couldn’t attend, don’t miss the opportunity to request a demo today: