11:FS Foundry recently teamed up with Google Cloud, in order to create an end-to-end or comprehensive solution for businesses implementing new financial services use-cases.
Through the partnership, Google Cloud customers will be able to access a clear solution for embedding finance into their products, while being able to expand their market share and increase their revenue.
11:FS Foundry is notably one of the first true Financial Services Operating Systems (FS OS). It assists companies and businesses with creating and deploying new types of financial services applications. By using 11:FS Foundry, traditional banking institutions, neobanks and non-banks are able to effectively scale their Fintech product offerings in a quick and seamless manner.
11:FS Foundry is hosted on Google Cloud’s platform, allowing for considerably greater uptime, international reach as well as robust security and encryption.
Simon Taylor, CPO of 11:FS Foundry and 11:FS Co-founder stated:
“Adding fintech to your offering and embedding finance can boost a company’s revenue by up to five times[1]. Google Cloud is the ideal partner in our mission to help banks and non-banks alike build game changing financial products.”
Adrian Poole, Director, Financial Services at Google Cloud, remarked:
“The financial services industry is undergoing immense transformation and we are excited to partner with 11:FS. The focus to build intelligent customer solutions fit for the modern digital landscape, while using best-in-class infrastructure from Google Cloud will support banks on their digital transformation.”
As covered, 11:FS is a challenger consultancy that “builds and launches next generation digital propositions for some of the biggest banks in the world.”
The company notes that they have a great team “made up of high flyers from across the Fintech and banking scene united by the belief that digital banking is 1% done and that digital reform is needed to improve systems and services for banks and their customers.”
As a result, 11:FS thinks they can “build new digital banks and banking products, and deliver benchmarking, research, and consultancy for banks, insurers, governments, regulators and startups around the world.”