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.
We’ve officially launched Strands and Mastercard’s joint cash flow solution at Finovate Spring in San Francisco this week, sharing the stage with our strategic partners to bring a new solution to the market.
SME Cash Flow Manager is a suite of SME digital finance tools that empowers banks to become their business owner’s trusted advisor, by giving small businesses what they want: cash flow solutions that are contextual, highly synchronized with accounting and invoicing tools that help them become more efficient whilst freeing up time. 82% of small businesses that fail, do so as a result of poor cash flow management, so our combined offering stands to help a lot of people.
Banks are able to offer clients Mastercard value-added services – including access to 30-days free credit when liquidity issues occur -establishing new revenue streams and consolidating their relationship with this important, yet historically underserved segment.
By working together, Strands and Mastercard can help SMEs manage their finances more efficiently, improve their business’ stability and scale up.
Finovate has been a resounding success and our presentation was well received by the audience and visitors to our Strands/Mastercard stand. This is just the start of an amazing journey to bring better experiences to SME customers!
“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:
Strands and Mastercard’s solution is a tailor-made digitalization tool for SME banking, using cutting-edge business financial management technology.
“A competitive application process means only truly innovative companies will be on stage.” — Finovate
Strands and Mastercard have been working together globally to provide issuing banks with an integrated platform of digital cash management and commercial payment tools specifically designed to benefit their small-to-medium enterprise customer base with forwarding looking actionable insights.