Verrency and SDX to deliver savings options for digital wallets

Melbourne based Series A funded startup, Verrency has today announced the release of its latest technology for Asian financial institutions. Verrency’s unique API platform allows its client to save monies by ‘rounding up’ their payments in real-time, the company says that the surplus of this payments can be transferred to any digital wallet of the user’s choice.

David Link, CEO of Verrency, commented, “Our platform enables digital wallets to link to investment accounts that can be opened with very small, incremental amounts. Now the unbanked can not only have a bank account, but they can also begin saving.”

Verrency’s partnership with SDX, a model manager gateway based in Singapore will focus specifically on the ASEAN nations, increasing consumer access to a broad array of financial products. The emerging markets have seen a significant rise in Digital wallets, with digital and private banks, telcos, and the rapid adoption of the ‘super-apps’ offered through regional ride-share platforms.

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Source: Verrency and SDX to deliver savings options for digital wallets