Paiblock, a Denmark-based blockchain and artificial intelligence (AI) platform, announced on Friday it has extended in-app banking coverage to customer accounts across US banks in response to the COVID-19 pandemic. Founded in 2011, Paiblock describes itself as a blockchain-based and AI-capable payment and digital lifestyle platform that helps consumers gather all the dots of their digital lives in one secure place.
While sharing more details about the extension, Mark Arthur, Founder and CEO of Paiblock, stated:
“Providing extended coverage for in-app banking is an integral part of Paiblock digital response to COVID-19 outbreak. Consumers that were relying on ATMs for balance inquiry and transaction history on the go, have been left without a safe and reliable alternative to ATM access.”
Paiblock further reported that its in-app banking will allow consumers to open bank accounts, apply for loans, access new services, agree and sign bank contracts digitally from home, and “transform the way people interact with their banking providers during the COVID-19 outbreak and beyond.”
“Paiblock in-app banking is a bank agnostic feature that lets consumers leverage Paiblock to access their checking, saving and mortgage accounts, view and share balance and transaction history, and send money to friends and families around the world. In addition Paiblock can analyze user spending and recommend new products such as credit cards, mortgages or savings accounts.”
Arthur then added that extended in-banking to the U.S. banks will allow Paiblock users to display all their accounts with multiple banks from different cities and states in one place.