Twino launches open banking solution to improve user experience
Twino has introduced an open banking solution on its platform that it says will enable its customers to make deposits in a more efficient and secure way.
The new functionality is powered in collaboration with its partner Ecommpay.
“This feature enables you to make deposits in a more efficient, easier, and secure way, contributing significantly to the enhancement of the overall user experience on Twino,” the European peer-to-peer lending platform said.
“Your convenience and security are at the forefront of our efforts and we are confident that this new solution delivers exactly that.”
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Twino also unveiled another change to its platform to improve user experience. It has removed the Legal Entity Identifier (LEI) code prerequisite for legal entities.
“This adjustment streamlines the registration process, making it more straightforward and convenient for legal entities to engage in investment activities with Twino,” it said. “Importantly, this also means there’s no need to extend your existing LEI code to continue investing with us.”
Read more: Twino changes Polish loan terms and rates
The changes were announced as part of a November update published on Twino’s website, which revealed its total outstanding portfolio as of 1 December is €35,178,368 (£30,215,899), and it has 22,361 registered investors.
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