BR-DGE Unveils White-Label Modular Solution to Revolutionise the Payment Landscape

BR-DGE, an innovating payment orchestrator, has announced the launch of its cutting-edge white-label payment orchestration solution. This innovative offering is designed to empower payment acquirers, gateways, platforms, and other ecosystem players with agile, customisable modular technology, allowing them to differentiate themselves in an increasingly competitive market.

A Customisable 360-Degree Tech Stack

BR-DGE’s white-label solution, developed with a vendor-agnostic approach, offers clients a truly customisable 360-degree tech stack. This enables payment players to choose from an extensive array of new services, seamlessly integrating their own offerings with BR-DGE’s modular payment connectivity, routing, tokenisation, and data reporting capabilities. The flexibility of this solution allows businesses to incorporate standalone modules that cater specifically to their needs, all under their own branding and through a single integration, without compromising on regulatory or industry standards.

Addressing Diverse Use Cases

The white-label solution is versatile and ready to tackle a multitude of use cases. For acquirers, it offers the potential to expand international reach, target specific volumes, and delegate lower-priority volumes to specialist acquirers. This empowers acquirers to provide their merchants with an optimal stack, reducing friction for end customers and allowing them to pay using their preferred methods. For platform providers, the solution eliminates barriers to scale, enabling them to attract new business without adding friction to checkout processes or the need to switch from their existing provider.

Enhancing Customer Relationships

The customisation capabilities of BR-DGE’s solution allow businesses to fully own their customer relationships through modular technology that adapts and scales to meet their needs. This not only facilitates entry into new markets but also helps consolidate positions domestically.

Responding to Industry Challenges

BR-DGE’s experience in servicing high-volume enterprise merchants with core infrastructure has informed the development of this white-label solution, addressing the fast-growing challenges faced by payment providers. These challenges include managing legacy tech stacks, integrating new services, staying ahead of market innovation, and retaining merchants by meeting consumer demand. Additionally, the solution helps providers navigate the compliance demands of regulations and standards such as PCI DSS, 3DS, and the forthcoming PSD3.

Simplifying Payment Operations

In a landscape where merchant demand for modular payment choices and value-added services is growing, more services typically mean more integrations and operational burdens. BR-DGE’s white-label offering simplifies this complexity, allowing PSPs, acquirers, aggregators, and e-commerce marketplaces to manage multiple relationships and meet evolving customer expectations for diverse payment options””all through a single connection. This eliminates the need for costly and time-consuming in-house tech stack development.

Expanding Reach and Capabilities

With a substantial order book already in the pipeline, BR-DGE is becoming become the go-to source for payments connectivity, routing, and data services. The company’s range of standalone, modular products””Connect, Vault, Optimise, Insights””work seamlessly behind the scenes, offering acquirers, platforms, and gateways access to the latest technology. Now available on a white-label basis, these products can be quickly packaged and branded by payment providers, delivering future-proof technology, routing freedom, and other value-added services to their merchants.

Innovative Modular Products

ӢConnect: Provides access to over 100 payment providers and 300 payment methods, including Visa Instalments and fraud management offerings, with a customisable checkout for end merchants. It consolidates multiple entry points into a single-entry point and manages onboarding.

ӢOptimise: Dynamically routes transactions to the optimal endpoint, supporting multi-acquirer strategies to boost authorisation rates, with PCI DSS Level 1 encryption. Routing-as-a-service is available as a standalone module.

ӢVault: Offers PCI-compliant network and gateway tokenisation, protecting payment data and preventing supplier lock-in, ensuring hybrid tokenisation benefits across different platform readiness levels.

ӢInsights: Provides comprehensive data reporting and analytics to help businesses make informed decisions.

Trusted Independence

As an independent, vendor-agnostic company, BR-DGE is trusted by a strong enterprise customer base to deliver best-in-market technology tailored to the unique and divergent needs of businesses across the payments value chain. This 360-degree offering enables companies to customise, compete, and own the customer experience via cutting-edge technology in an increasingly modular and fragmented payments landscape””all through one simple integration with BR-DGE.

Expanding Global Footprint

BR-DGE continues to build on its impressive momentum, having recorded a 600% revenue growth in 2023. The launch of the white-label payment orchestration solution further solidifies BR-DGE’s position as a leader in the payments industry, complemented by its expansion into the Asia-Pacific region and new partnerships with Trustly, Kount, and PayPal. Additionally, BR-DGE’s strategic alliance with Discover Global Network enables its merchants to access the world’s fastest-growing global payments network, supporting Discover’s robust global acceptance trajectory at 70 million merchant acceptance points.

Nynke Postma Joins Encompass Corporation to Transform KYC with Corporate Digital Identity

Encompass Corporation, the leader in Corporate Digital Identity (CDI), has announced the appointment of Nynke Postma, the founder and former CEO of Blacksmith KYC, to its leadership team. This strategic move aims to enhance the global banking sector’s utilisation of CDI.

Postma will assume the role of Head of Business Development for Asia and the Middle East, operating from Singapore. She will work closely with Chief Revenue Officer (CRO) Steve Hadaway to optimise the value and potential that customers derive from Encompass’ CDI product propositions.

This appointment comes on the heels of Encompass’ recent acquisitions of ING-led innovations Blacksmith KYC and CoorpID. These acquisitions, completed earlier this year, underscore Encompass’ commitment to addressing the critical challenge of corporate and institutional client identification and verification through CDI.

With over 20 years of experience in financial services, Postma has held several senior positions at ING, covering diverse areas such as programme and product management, software delivery, and fraud management. In 2017, she founded Blacksmith KYC in Singapore, where she built and led the team. Prior to this, she orchestrated a strategic merger of daily banking operations in ING’s core markets of the Netherlands and Belgium, affecting 11 million retail customers.

Blacksmith KYC, established as part of ING Labs Singapore, was designed to revolutionise Know Your Customer (KYC) processes within the financial industry. It allows banks to configure their Customer Due Diligence (CDD) requirements through a Digital Policy Manager, streamlining the data collection process. This unique capability aligns seamlessly with Encompass’ mission, enabling banks to convert manual KYC policies into efficient automated processes, thereby providing analysts with invaluable risk insights from customer profiles.

Postma’s extensive experience and innovative approach are set to drive significant advancements in Encompass’ CDI offerings, ultimately benefiting the global banking community. Her leadership is poised to bring transformative change to the way banks manage corporate digital identities, ensuring robust and efficient compliance processes.

“I am thrilled to welcome Nynke as our new Head of Business Development, and excited to see her extensive industry background and knowledge bring significant benefits to our customer base. Her passion and vision for Blacksmith KYC led to great success, as she was the driving force behind the growth of a product that brings tangible efficiencies, with the next chapter of that journey only beginning at Encompass.

“We are committed to offering the very best, both in terms of innovation and expertise, as we move forward with our CDI mission, and bringing someone of Nynke’s calibre on board is another milestone that shows there is much to be positive about for the business and our customers in the months and years to come.”

“I am excited and proud to be able to continue the Blacksmith story as part of Encompass. Having witnessed the possibilities of the platform and the value it holds for banks as we brought the product to life, I relish the chance to take it even further as part of the Encompass team, creating a diversified product portfolio and competitive offering tailored to our customers’ needs. At Encompass, we have all the ingredients to create game-changing outcomes with the delivery of CDI.”

docStribute® and Hinckley & Rugby Building Society to Revolutionise Customer Engagement

Fintech docStribute that specialises in regulated document distribution solutions, has announced a strategic partnership with Hinckley & Rugby Building Society. This collaboration aims to transform how Hinckley & Rugby engage with their members, significantly cut costs, and ensure compliance with regulatory standards.

A Commitment to Efficiency and Sustainability

Hinckley & Rugby Building Society is well-known for its commitment to customer-centric practices and operational efficiency. Their clear strategy focuses on embracing digital solutions to streamline all business areas. This partnership with docStribute is a major step forward in this strategy. Hinckley & Rugby aims to reduce document delivery costs by over 70%, developing more sustainable and climate-friendly business practices.

Enhancing Member Engagement

At the heart of this partnership is a shared dedication to enhancing customer engagement. Hinckley & Rugby understand the importance of clear, secure, and engaging communication with their members. With docStribute’s technology, they can provide customers with digital access to important regulatory information in a way that is not only secure but also easy to understand and interact with. This approach will help members make well-informed financial decisions, further strengthening their connection with the Society.

The collaboration is also set to revolutionise how Hinckley & Rugby communicate with their members. The Society will be able to deliver personalised, timely, and tailored communications that align with individual preferences and needs. This level of customisation and responsiveness is expected to significantly enhance member engagement and satisfaction.

Leveraging Cutting-Edge Technology

docStribute stands out for its use of Distributed Ledger Technology (DLT) to ensure the security and integrity of customer documents. DLT creates secure, unchangeable records of information and communication interactions, providing transparency and security in the document distribution process. This technological edge ensures that Hinckley & Rugby can maintain the highest standards of regulatory compliance while offering their members the best possible service.

Chris Ansara, CEO of docStribute, said,

“We are excited about our collaboration with Hinckley & Rugby Building Society. This is the third Building Society customer for us and reflects the priority Building Societies put on customer engagement. Our innovative approach means we can quickly reduce cost and carbon usage, whilst enhancing customer experience, and we are already distributing over 5 million documents a year. We very much look forward to helping other financial services firms do the same.”

Barry Carter, CEO of Hinckley & Rugby Building Society, said,

“This partnership with docStribute aligns with our commitment to provide outstanding service to our members, as a truly customer centric organisation.”

Cheryl Pidler, Director of Operations of Hinckley & Rugby Building Society, added,

“The partnership with docStribute allows us to communicate with members in the way they want whilst at the same time improving our operational efficiency, reducing costs, and lowering our carbon footprint.  We are looking forward to working with docStribute towards the launch later this year.”

Scottish Fintechs Shine at the ScotlandIS Digital Tech Awards 2024

The ScotlandIS Digital Technology Awards 2024 celebrated outstanding achievements in the tech sector, acknowledging the innovation, expertise, and ambition of businesses both large and small, alongside the incredible individuals who power them. The event highlighted remarkable advancements in the digital tech industry over the past year, recognising a total of 11 winners across 11 categories.

Among the winners, several Scottish fintech companies stood out, showcasing their leadership and ingenuity:

• Bellrock Technology: Securing the Data Trailblazer award, Bellrock Technology demonstrated their pioneering approach to harnessing data, setting a new standard in the industry for innovative data solutions.
• Lupovis: Earning the Cyber Trailblazer title, Lupovis was recognised for its innovative cybersecurity strategies, reinforcing the importance of cutting-edge protection in an increasingly digital world.
• FreeAgent: Taking the Best Wellbeing at Work category, FreeAgent underscored the significance of prioritising employee welfare, fostering an environment that promotes productivity and satisfaction.
• loveelectric: As the Start-Up Digital Tech Business of the Year, loveelectric’s innovative business model and remarkable growth exemplified the dynamic spirit of emerging tech enterprises.

These wins show the vibrancy and ingenuity within Scotland’s fintech sector and are a testament to the country’s growing influence and capability in digital innovation.