PwC has brought 10 fintechs together to incorporate solutions including software, automation, artificial intelligence, data management and analytics for firms.
The fintechs, which include open banking credit reference agency Credit Kudos, legally binding eSignature application SignNow and unique decision engine platform Lendingmetrics, have contributed to PwC’s Tysl ecosystem.
Tysl has enabled these businesses to collaborate and innovate together. These solutions make it easier for customers to open up bank accounts, obtain specialised finance, move house and digitally sign documents.
Using Tysl, PwC is now able to quickly build new digital solutions via a customer centric digital lending platform that it said will help firms improve their processes to benefit the customer experience.
Read more: Is open banking making waves in P2P?
“Banking is changing, people expect more and require personalised digital interactions,” said James Morgan, lead partner on Tysl.
“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.”
This follows PwC announcing in May last year that it was working with fintechs to build a digital banking ecosystem which will be available to banks and other lenders.