Ernst & Young LLP, a professional services company, partnered with MoneyLion Inc., a fintech, to provide its embedded finance platforms to banks. Through this service, banks can deliver financial services to its customers on a digital platform, according to a press release.

MoneyLion will offer its embedded marketplace infrastructure, insights and content solutions with EY's core-banking and Nexus for Banking platform.

"Our Alliance with EY US represents not only a stride in innovation but a continued commitment to transforming the banking and financial services industry. With the combined strength of MoneyLion's technology and experience, we are setting a new standard for what banks and financial institutions can achieve and helping them change the way they engage with and cater to the evolving needs of today's digital consumer," Dee Choubey, founder and CEO of MoneyLion, said in the release. "This marks the beginning of a more adaptive, responsive and customer-focused banking experience, where technology and human-centricity go hand-in-hand to create a seamless financial experience for every user."

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