By Oliver Smith on Wednesday 2 September 2020
Now a registered electronic money, account information and payment initiation service provider.
“We are so pleased to receive our own FCA licenses as it opens so many new doors for us. From working with new partners to increasing customer confidence, this will make a big difference for us as we scale up and release new features in the coming months,” said Ricky Lee, founder of sync.
Sync. combines a traditional account aggregation app with its own sync. account, Mastercard debit card, and EUR to GBP exchange.
Its debit card is particularly interesting, with an “invisible” magnetic strip so that sync. can use the whole back of the card.
As a result of the pared-back design, users have to generate a unique CVC code all from within the app as well as creating virtual cards for online shopping.
The fintech is also planning on expanding its EUR to GBP exchange to cover over 30 currencies, positioning sync. as both a financial management app as well as a great spending card for overseas travel.