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Tell Money boosts Griffin Bank’s fintech launch.

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TLDR:

  • Tell Money supports the launch of Griffin Bank in the fintech sector by providing compliance and Open Banking capabilities.
  • Tell Money’s tell.gateway service simplifies regulatory complexities and allows Griffin to focus on innovation.

UK-based fintech Tell Money is assisting Griffin Bank’s launch in the fintech sector by providing crucial compliance and Open Banking capabilities through its tell.gateway service. This support comes after Tell Money secured a USD 24 million funding round and obtained a full banking license. By ensuring Griffin’s adherence to the Payment Services Directive 2 (PSD2) legislation, Tell Money simplifies regulatory intricacies, allowing Griffin to concentrate on platform development and delivering exemplary financial services to its clientele. The collaboration aims to support Griffin’s growth in the Banking-as-a-Service (BaaS) market by focusing on innovation and operational support.

In addition to the partnership with Griffin, Tell Money also collaborated with crypto banking platform Colossos in September 2023 to expand Open Banking capabilities. This integration facilitated efficient investments in the cryptocurrency sector, streamlining user experience and eliminating delays associated with traditional banking processes. The collaboration emphasized innovation, compliance, and cost-effectiveness to support an open ecosystem.

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