To boost innovation in the financial services sector, Evolve Bank & Trust and Bond Financial Technologies have announced a collaboration. The partnership will offer Banking-as-a-Service solutions.
Through the addition of Evolve to its expanding list of bank partners, Bond Financial Technologies will offer new capabilities in both debit and credit cards for businesses and consumers. The partnership between Bond and Evolve will help entrepreneurs in the development and the launch of innovative technology-driven financial solutions at scale.
"As a leading fintech sponsor bank, Evolve is excited by the capabilities Bond brings to our partnership," said Hank Word, the President of Evolve's Open Banking division. "Bond's architecture and product roadmap is built for scalability, which allows the large brands they are partnering with to fold seamlessly into Evolve. We are deeply committed to continuing building the fintech ecosystem through this uniquely beneficial partnership."
The popularity of open banking products has increased across the world in the past few years. Earlier this month, the European financial services provider, UniCredit announced a partnership with Worldline for the Open Banking Third Party Provider (TPP) services.
Bond’s Products
According to Bond Financial Technologies, some of the products that the company has built include no-fee instant payouts for SaaS companies and expense management cards for businesses. Furthermore, the company’s solutions include a credit builder card and a crypto-backed credit card.
"Our customers benefit from Evolve's tech-forward approach to financial services," said Roy Ng, the Co-Founder, and CEO of Bond. "We are excited to partner with Evolve as we continue to execute our go-to-market strategy. As one of the earliest sponsor banks to adopt a fintech-first model, we are already benefiting from Evolve's experiences and insights."
