UK’s digital bank Nomo has partnered with issuer-processor Paymentology to leverage on the latter’s cloud-based technology to support its payment services.
Paymentology’s platform will allow Nomo to offer customers faster transaction processing, fraud monitoring and Mastercard virtual cards. Paymentology will also provide real-time data feed on customer spend insights to Nomo.
This announcement follows the introduction of Nomo’s multi-currency accounts thanks to support from Paymentology’s technology.