IFX Payments has joined forces with tell.money to enhance its Open Banking infrastructure and bolster regulatory compliance across the UK and Europe.

In response to this partnership, IFX Payments has chosen tell.money as its Open Banking infrastructure partner. The collaboration aims at improving regulatory alignment and minimizing internal maintenance costs in light of evolving compliance standards in the UK and Europe.

As a provider of cross-border payments and treasury services based in the UK, IFX Payments will integrate tell.money’s fully managed platform into its investment plan for scalable and compliant infrastructure. This move is expected to help IFX Payments stay compliant without needing to allocate additional resources from their core payment operations.

Regulatory landscape and infrastructure strategy

As per the official press release, the Open Banking regulations in both the UK and EU have continued to evolve since PSD2’s initial implementation. This ongoing development poses increasing demands on payment service providers to maintain robust and adaptable technical frameworks. For firms conducting cross-border payments, this means keeping up with regulatory changes without disrupting their operations.

By engaging tell.money’s services, IFX Payments opts for a managed solution rather than maintaining the infrastructure internally. The tell.money platform is designed to provide both current compliance coverage and the flexibility to accommodate future regulatory requirements.

An official from IFX Payments stated that the partnership was driven by the need for a specialist partner capable of offering clarity and simplicity as regulations develop, thereby allowing IFX Payments to strengthen its compliance framework without adding operational complexity.

Managed platforms gaining momentum in payments compliance

The decision underscores a broader trend among fintech firms and payment service providers to rely on specialist third-party platforms for regulatory infrastructure, especially where compliance requirements are complex and subject to frequent updates. Fully managed solutions alleviate the burden of monitoring regulatory changes, maintaining certifications, and adapting technical integrations accordingly.

For IFX Payments, which operates globally and serves clients requiring secure cross-border payment services, ensuring uninterrupted compliance across multiple regulatory jurisdictions is a critical operational concern. The collaboration with tell.money is structured as a long-term commitment rather than a temporary solution to address immediate compliance needs.

tell.money’s platform was developed to cater to financial service firms dealing with Open Banking obligations, and the IFX Payments engagement reflects its role in supporting scaled payment providers navigating regulatory requirements. Both companies will continue to prioritize maintaining their clients’ and users’ compliance with industry regulations and laws as they evolve.