BLender Financial Technologies (TASE: BLND) entered into a cooperation agreement with Q2 Software Inc. to market and implement Q2 Symphonix's cloud-based financial solutions in Israel, according to a company statement.

Under the agreement, BLender will integrate the Q2 Symphonix financial platform as part of a comprehensive solution for managing credit, deposits, and payments. The Israeli fintech company has adapted Q2 Symphonix solutions to meet local market needs and regulatory requirements.

The target markets include banks, non-banking entities, credit companies, payment service providers, and fintechs operating in credit, deposits, mortgages, and digital payments sectors.

"The financial system is undergoing a profound shift from entities relying on closed, heavy core systems to a world based on cloud, API, automation, and AI," said Dr. Gal Aviv, CEO of BLender. "The collaboration with Q2 Symphonix allows BLender to offer financial bodies in Israel a modern financial infrastructure alongside the credit, deposit, and payment solutions we have developed."

Bill Gravette, General Manager of Q2 Symphonix, stated that partnering with BLender provides Q2 Symphonix with local presence to help financial institutions modernize their operations and bring new products to market.

BLender's integrated system aims to allow financial entities to reduce launch times for new products, improve operational processes, and implement digital capabilities across their operations. The solution combines core financial infrastructure with services adapted to the local market.

BLender Financial Technologies develops technological systems for financial entities and operates in credit provision. The company provides SaaS solutions for managing credit, deposits, digital underwriting, and fraud prevention, and has a joint venture with Bank Hapoalim under the blenderPay brand for installment payments at points of sale.