Verrency signs ten strategic FinTech partners in six weeks
11th June 2018
Level39 member and global payments provider Verrency has signed ten strategic fintech partners in six weeks as it continues to gain global traction.
The Australian company helps bank add the latest payment capabilities and fintech services via their marketplace: V+.
Founded in 2016, the company has recently signed a number of agreements with innovative providers including:
- UK-based ComplyAdvantage, which provides real-time screening and monitoring technology powered by artificial intelligence to help companies comply with global Anti-Money Laundering (AML) and Counter-Terror Financing regulations.
- US-based social media charity platform Goodworld, which provides hashtag donation opportunities.
- Australia’s Look Who’s Charging, whose platform will help eradicate 14 million unknown transaction enquiries faced by Australian banks annually.
- BrickX, a platform that enables consumers to get into the Australian real estate market by enabling them to buy a share in a property.
Verrency Founder and CEO David Link said the company was well ahead of its partner projections.
“Verrency opens up commercial opportunities with large financial institutions for about 1 in 7 FinTechs worldwide. We also help financial institutions solve the problem of integrating with FinTechs by significantly reducing their own cost of integration, which is the key reason why there isn’t far more integration between FinTechs and banks on a global basis. We are confident in the value that Verrency’s API platform brings and are looking forward to helping banks easily access even more FinTech companies as our V+ marketplace continues to expand,” Link said.