ID Finance and myTU Partner to deliver instant loan payouts with programmable banking infrastructure
ID Finance, one of Europe’s fastest-growing fintechs and the leading alternative lending platform in Spain and Mexico, has partnered with digital banking provider myTU to reinforce its payment infrastructure and ensure uninterrupted customer service. The partnership enabled ID Finance to deploy instant loan payouts within a single business day, avoiding a potentially costly disruption.
In the fast-moving world of consumer lending, speed and reliability in disbursing funds are critical to maintaining customer trust and competitive edge. Even short-lived payment disruptions can erode confidence, damage brand reputation, and drive users to rival platforms. With instant access to credit now a baseline expectation, lenders must ensure their infrastructure can handle high-volume, real-time payouts with no room for error. As regulatory scrutiny and consumer expectations rise, fintech lenders are under pressure to deliver not just innovation, but also bulletproof operational resilience.
With nearly 12 million credit applications processed to date and credit decisions delivered in under a minute, the company sought to further enhance the speed and effectiveness of its lending solution by partnering with myTU. Working with myTU, the teams executed legal onboarding, compliance, technical integration, and testing in under 24 hours, restoring full service without disruption to end users.
“The entire process, from paperwork to live payouts, was completed in a single day,” said Vitali Ermakov, country manager at ID Finance.“Thousands of loans were processed seamlessly on day one. Our customers never noticed the difference, and that’s what matters most.”
The collaboration established the foundation for a broader partnership. ID Finance now benefits from myTU’s programmable banking platform, which enables real-time account management, verification of payee, reconciliation, and instant SEPA payments via secure and reliable APIs. Built on cloud-native architecture with 24/7 uptime, myTU’s infrastructure supports thousands of transactions per hour with high availability and compliance baked in.
Raman Korneu, co-founder and CEO of myTU said, “We’re grateful for the trust ID Finance has placed in us, and proud to have been able to formalize our collaboration and integrate our technology in less than a day. Their team moves fast, and so do we. This is exactly the kind of partner-led, programmable banking we’ve built myTU to support.”
