Australian payments fintech start-up Verrency secures major deal with the fastest growing bank in the United Arab Emirates
Global payments innovation service and Australia-based fintech Verrency is enabling payments innovation for the fastest growing bank in the United Arab Emirates, Liv., Emirates NBD’s lifestyle digital bank for millennials. The agreement will enable Liv. to leverage Verrency’s cloud-based payments service and fintech partners to enable cost-effective delivery of a multitude of value-added services to customers. Launched last year, Liv. is a mobile-only bank offering a lifestyle-based banking experience targeted at millennials. It is also the fastest growing bank in the country, with over 150,000 customers as of date. Verrency’s Commercial Director for Asia and Middle East, Aaron Oliver, said: “Verrency will enable Liv. to deliver on its innovation-led proposition […]
Australian Fintech company Verrency strengthens its presence in Asia
Global payments innovator Verrency has added heavyweight payments executive Jeff Portelli to its global Advisory Board. Based in Singapore, Portelli is the Global Head of Banking Operations at eNett, a leading provider of global business-to-business payment solutions for the travel industry. Portelli has more than two decades of international experience in the payments industry, working directly with banks, retailers and government partners across Australasia, Asia Pacific and the Middle East & Africa. In his current role, Portelli is responsible for overseeing eNett’s global issuing and banking strategy and infrastructure. This includes maintaining an effective control environment to monitor all of eNett’s issuing and banking activities, and ensuring the company meets […]
Verrency adds two more partners – Basiq and Pulse iD – to enable financial data aggregation and geolocation services to be easily accessed by banks
Australian global payments innovator Verrency has certified two new strategic partners, Basiq and Pulse iD, to enhance the commercial offerings it enables for issuers and banks. Announcing the partnership today at Money 20/20 in Las Vegas, the deal enables Basiq and Pulse iD to easily distribute their financial data aggregation and geolocation services to global financial institutions via Verrency’s integration platform. Verrency Founder and CEO, David Link, said Basiq and Pulse iD are fantastic additions to Verrency’s growing fintech services marketplace, V+, in making it increasingly easier for banks and issuers to innovate at scale by significantly reducing their own cost of integration with FinTechs. In accessing Basiq via the […]
DriveWealth partners with Verrency to offer consumers access to a new savings and investing strategy
Digital brokerage solution provider DriveWealth has joined forces with Australian global payments innovator Verrency. The partnership will enable DriveWealth to deliver its ground-breaking fractional share investment platform to a new segment of consumers. As a result of the agreement between the two companies signed today at Money20/20 in Las Vegas, shoppers who have a debit or credit card will have the opportunity to seamlessly invest in companies from which they purchase goods and services. For example, if you buy shoes from the Nike store, you can elect to round up or put a percentage of the purchase price towards buying shares, or a fraction of a share, in the company. […]
Verrency accelerates global expansion as the first FinTech to be selected into Plug and Play Fintech programs in three different countries
Verrency have announced expansion into Germany and another selection into Plug and Play’s prestigious Fintech Program. Verrency has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the FinTech market. Thousands of start-up companies apply to Plug and Play’s accelerator programs each year before being thoroughly reviewed by Plug and Play executives and their corporate Financial Institution partners. Only a handful get the opportunity to participate in the accelerator. Verrency has passed this test three times in three different countries. “It is wonderful to see Verrency thrive and it’s nice to have a […]
Basiq and Verrency enable banks to drastically improve the quality of their data
Basiq and Verrency have joined forces to enable banks to store clean, categorised and enhanced transaction data – in real-time, at point of purchase. This will uncover new opportunities for banks to offer their customers innovative, and personalised products and experiences. We are all aware of how ‘unclear’ transaction data can be. Think of how often customers call banks with queries – they have no idea what an item on their credit card statement called ‘HT Willis Brook’ is. You may have heard the term ‘garbage in – garbage out’. If a bank stores unclear transaction data when a customer makes a purchase, this data is then passed downstream to […]
Australian global payments provider Verrency bolsters its Global Advisory Board
As part of its global expansion strategy, Australian global payments provider Verrency has appointed well-regarded global payments industry executive Royal Cole to its Advisory Board. Royal is the Executive Vice President and Head of North America at Worldpay, a global leader in integrated omni-commerce payments, processing more than 40 billion credit and debit card transactions annually. Royal joins US-based payments luminaries Michael Kennedy, founder of Zelle, and Daniel Chatelain, founder of the BayPay Forum, as recent appointees to Verrency’s Advisory Board. Verrency Founder and CEO David Link said the appointment of Royal to the Advisory Board reflects the strategic direction that the company is heading as it continues to gain […]
Verrency signs long-term innovation services deal with volt bank
Australian global payments innovation provider Verrency has signed a significant long-term deal with volt bank, Australia’s first independent 100% digital bank. The multi-year agreement enables volt bank to leverage Verrency’s cloud-based payments innovation platform and services marketplace to enable cost-effective delivery of a multitude of value-added services to its customers. The agreement comes on the back of Verrency being named FinTech Australia’s winner of the 2018 Excellence in Establishing a Global Market Presence. David Link, Founder and CEO, Verrency, said: “Verrency will enable volt bank to rapidly and cost-effectively deliver value-added services to Australian consumers – including via easy connection with multiple service providers – without requiring significant change in their […]
