Constantinople & Paymentology team up to expand Aussie bank card tech
Constantinople has selected Paymentology to underpin its Banking-as-a-Service operations in Australia. The agreement brings Paymentology's card issuing and payment processing expertise to Australian financial institutions, supporting Constantinople's expansion plans and adding new capabilities for local banks and fintechs.
Market focus
Constantinople, based in Sydney, provides technology platforms and managed services that allow banks and financial technology firms to outsource key operational elements such as onboarding, compliance, fraud monitoring and risk management. Its platform enables these institutions to offer digital banking services and card programmes while reducing operational costs.
The Paymentology platform will now power Constantinople's card issuance and transaction processing across Mastercard and Visa networks. This includes integration with Apple Pay and Google Pay, and dedicated Bank Identification Numbers to enable customisable card solutions.
Banking support
Constantinople's client base includes several Australian community banks and fintechs. Among these are Great Southern Bank, with over 400,000 members, and Tyro, which focuses on payments solutions for small businesses. The partnership is expected to help Constantinople meet growing demand for digital-first and mobile payments among these clients.
The Paymentology platform provides multi-cloud, multi-tenant services and real-time data capabilities. Constantinople's customers are set to benefit from features such as faster card issuance, automated processing and improved analytics for their own product offerings.
Australian expansion
The initiative marks Paymentology's formal entry into the Australian payments market. Local card usage is expected to grow at double-digit rates over the next five years, fuelled by consumer preference for digital wallets and contactless services. The collaboration is designed to accelerate the onboarding of new card programmes and help banks respond to evolving regulatory and customer demands.
Di Challenor, Co-Founder of Constantinople, said:
"Constantinople's mission is to give smaller banks and innovative fintechs access to the same leading-edge technology as big global banks. We do this by partnering with leaders in their field; partnering with Paymentology will allow us to launch new card programmes at pace, with the flexibility to tailor every element to our clients' unique needs. Paymentology's global reach ensures we can scale effortlessly beyond Australia."
Future ambitions
Constantinople is positioning itself as a technology platform that allows financial services firms to increase their speed to market, reduce operational risk and offer customised digital banking features. The company's model is geared toward smaller institutions seeking to deliver sophisticated online services without investing in major in-house infrastructure upgrades.
The partnership includes technical integration with the 10x core banking platform. It also supports tokenisation for both Apple Pay and Google Pay to further enable mobile payments for bank clients and their customers.
Jeff Parker, Chief Executive Officer of Paymentology, said:
"Our partnership with Constantinople marks an exciting new chapter as we expand into Australia's vibrant fintech and banking ecosystem. Beyond a technology partner, Paymentology is about thinking ahead, co-creating the future, and ensuring the growth and success of our clients. Working with Constantinople is particularly rewarding; their highly experienced leadership team brings a clear vision for modern, automated banking that perfectly aligns with our mission to empower next-generation financial institutions with the world's most advanced payment platform."
