EML FINLAB announces strategic investment in Hydrogen


EML PAYMENTS LIMITED (ASX: EML) (‘EML’) has made an initial
investment via its FINLAB hub in innovative embedded finance and
international payments platform The Hydrogen Technology Corporation
(“Hydrogen”). The partnership will see the EML and Hydrogen platforms
seamlessly integrate to enable financial and non-financial organisations to
offer their customers cutting-edge smart apps linked to physical and virtual
payment cards.

Hydrogen enables any organisation to quickly and easily offer FinTech
products or components. Its appealing no-code offering allows organisations
with little or no development experience to add robust FinTech products
swiftly. In addition, its low-code API offering enables more sophisticated
organisations to build custom applications on top of its robust REST-based
APIs. This powerful platform provides orchestration, UI, business logic and
data cleansing capabilities.

With one integration into Hydrogen’s API and a streamlined onboarding process, organisations can utilise a standardised data model that could save hundreds of development hours and tens of thousands of dollars in integration costs.
“We are thrilled to be working with EML and have it as a strategic investor in
Hydrogen. Together, we’ll be able to bring innovative card offerings to the
masses, making it easy for any organisation to offer card capabilities. It’s
embedded card services made easy,” stated Mike Kane, Hydrogen’s CoFounder & CEO.

‘’We love cementing deals and investing in payments trailblazers. Hydrogen,
with the intensity of energy it has already infused into the industry, is no
different. Our commitment is to assist this fast-growing entity in soaring
within FinTech via EML’s capabilities and FINLAB. It’s heartening to know
Hydrogen feel in safe and trusted hands with the might of EML’s global
reach,’’ noted Tom Cregan, EML’s Managing Director & Group CEO.

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