PwC has brought together 10 UK FinTechs in a new initiative to showcase how the future of banking will “rely on collaboration and innovation”.
Three years in the making, the 10 businesses have contributed to the firm’s ‘Tysl’ ecosystem which incorporates a number of solutions including software, automation, artificial intelligence, data management and analytics.
Using Tysl, the firm revealed it can now quickly build new digital solutions via a modern, low cost and customer centric digital lending platform.
The businesses currently integrated with the Tysl platform include DueDil, a company that helps provide financial services, organisations and insurance firms a better understanding of their customer base to facilitate digital onboarding, manage compliance, risk, and in-life monitoring.
Just Move In, is another company benefiting from Tysl, it provides a home setup experience for people moving home that arranges essential services including council tax, insurance and broadband.
James Morgan, lead partner on Tysl, said: “Based on the needs and expectations of tomorrow’s customers, we have developed our Tysl platform.
“This is helping our clients reach new customers, upsell and grow topline revenue by delivering enhanced capabilities whilst significantly reducing the costs of servicing the client from onboarding to in life servicing.”