Form3, a cloud-based fintech firm, has teamed up with Apply Financial, a specialist payments validation company, to make payments processing, automation and integration easier.
Form3 said that the agreement will further improve its Payments-as-a-Service platform with automation services to validate, enrich, and fix single and bulk payments.
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“By integrating Apply Financials API’s, clients will achieve 100% STP rates, as well as secure data and complying with regulatory requirements,” the companies noted.
Form3 chief product officer Mike Walters said: “Form3 clients needed to move away from dealing with a complex web of vendors and technologies and accept that highly customised systems and manual processes are a thing of the past. Our partnership with Apply Financial solves this problem for payment data quality with simple access to the full universe of payment validation services.”
Apply Financial CEO Mark Bradbury said: “We are very excited to be working closely with Form3 as we have followed their progress with great interest. We share the same vision of providing quality API based technology to enable banks and Fintechs to dramatically improve customer experience, automation and service levels.”
