What we do
Verrency’s payments platform enables the bank to deliver modern payment features with their existing payments infrastructure. Our platform allows banks to:
- Draw on Verrency’s native services to uplift payment capabilities across device management (incl. virtual cards), loyalty redemption, round ups and real-time payment data publishing
- Leverage Verrency’s marketplace services as an integration point for payment-related FinTechs, data analytics and loyalty providers
- Utilise Verrency as an innovation sandbox to deliver features at a micro-segment level based on what customers do, not what they say
Proposition
The benefit of leveraging Verrency’s services include:
- We enable issuers to quickly test and implement new and innovative capabilities in the market, which traditionally would have required a project to be fully delivered
- Verrency’s platform becomes an integration hub for FinTech’s to connect to the issuer, meaning the issuer can avoid the cost and time required to integrate the FinTech into its core banking and payment platforms
- We can accelerate the development roadmap for an issuer, as many of the native features we deliver would typically be a 9 to 12-month project internally
- We bring a set of pre-integrated FinTech partners, so the only integration required to use them is in the bank’s internet and mobile banking apps
How we do it
Verrency is a white-label SaaS platform. Our service is enabled by connecting into the issuer’s existing payments infrastructure/service provider to rapidly deploy new value-added services / fintech services. These services will deliver compelling new digital customer experiences that delight consumers and drive real-time engagement. As the service sits on the issuing side of the business, we can deliver a ubiquitous experience across the entire card portfolio without merchant integration.
