Mnagnall says: “What we’ve noticed is that a lot of our customers go on a journey to become an authorised payments institution, completing all the regulatory requirements. However, they don’t recognise just how much technology they need to build to become a payments platform.
“These startups can’t just go and get these solutions off the shelf, so they spend millions of dollars over a number of years to develop the technological solutions they need to operate.
“But by licensing Shape Technologies, these companies can bring their services to market in a matter of months, with their own gateways and banking providers that we’re already integrated with.”
“So not only does Shape Technologies bring speed to bringing services to market, but we’re also enabling more payment fintechs to come to market.”
For more from Mangnall and Shape Technologies, you can watch the video above or on the FinTech Magazine LinkedIn page.
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