Stockholm-based payments company Trustly, and Emric, a software solutions provider and part of Tieto, one of the largest IT service providers in Europe, have reportedly formed a strategic partnership that will see Emeric’s business clientele have access to Trustly’s online banking payments technology throughout Europe.

Emric provides software solutions for management and origination of just about any type of mortgage, loan, lease and asset finance. By utilizing the online banking technology of Trustly, it will enable Emric’s business clients to make instant pay-outs, pay-ins and real-time account holder authentication checks. This will significantly lessen the administrative burden of having to perform these credit extension processes, as well as mitigate the risk of failed or fraudulent payments. At the same time it will present a simple application process to consumers, along with hassle-free repayments and instant access to liquidity.

Trustly’s one-of-a-kind method for online payments and direct bank transfers allows Emric/Tieto to leverage simple, fast and secure online banking payments for their clients directly to and from consumer bank accounts spanning 29 European markets.

Emric CEO Pedram Tadayon, said, “Our ambition is to act as a single platform provider for online banks and financial institutions and with that comes the demand of pre-existing integrations to leading FinTech providers in Europe, where Trustly is one of the strongest players. By integrating Trustly’s technology, our clients are given the possibility to serve their customers better. The fact is that their proven product and secure technology is effective across 29 European markets,” according to the press release.

Chief Executive Officer at Trustly, Oscar Berglund, said: “Emric has grown rapidly over the past few years, bringing new payment solutions to more than 60 businesses in 24 countries. Our technology enables Emric’s clients to access a new market with millions of potential new customers across Europe. This partnership illustrates the significant value Trustly’s products bring to financial institutions across Europe.”