The new partnership will also help sync. gear up for the launch of its premium accounts later on this year.
The banking-as-a-service (BaaS) provider will provide sync. with the digital infrastructure needed to power its app, which helps customers budget, manage and track their money in one place.
“Its ambitions reflect our approach to financial services, as it sets out to make using and controlling your money an easy and painless process, in short, to empower the financial consumer.”
sync.’s app also allows customers to create both GBP and Euro accounts, exchange currency, transfer money, make debit card payments, budget and make instant worldwide digital payments.
“Their tried and tested platform is the solid base from which we can launch our premium accounts, advanced budgeting features and so much more this year. Plus, it will allow our customers to seamlessly manage their day to day banking with instant transfers, spending insights and holding money in GBP and EUR accounts."
Through TrueLayer, sync. has already launched in several European countries, including France, Ireland and Spain, with the fintech also laying the groundwork in the Middle East after joining the first-ever Qatar Fintech Accelerator programme in October.
Railsbank also had an exciting 2020, agreeing to purchase the technology and assets of Wirecard Card Solution, the UK arm of Germany’s Wirecard, for an undisclosed amount.