Verrency Wins Fintech Australia’s 2018 Finnie Awards
Australian global payments provider Verrency has been rewarded for its overseas expansion last night, winning FinTech Australia’s 2018 FINNIE Awards for Excellence in Establishing Market Presence: Global.
Headquartered in Melbourne, Verrency has opened offices in San Francisco, London and Singapore over the past 12 months.
The Excellence in Establishing Market Presence: Global category recognises a FinTech company that has most successfully proliferated its presence and identity globally through the creation of a strong brand or IP strategy.
The judges lauded the strategic approaches Verrency has taken in the market, citing the company’s acceptance into the prestigious accelerator Plug and Play in the US and Singapore as well as its partnership with UnionPay International in Asia.
Verrency CEO and Founder David Link, who was a finalist for the Outstanding FinTech Leader of the Year, said: “I’m honoured and thrilled to have Verrency recognised by FinTech Australia for the Excellence in Establishing Market Presence: Global at this year’s FINNIE Awards. Our commitment to taking payment innovation to the global stage has been core to our operations since Verrency started in 2016.”
Link also praised his team, which is now approaching 25, saying the win would not have been possible without the dedication and hard work of my best-in-class team.
Verrency provides an API platform and service marketplace to enable banks to deliver cutting edge fintech innovation without replacing their existing payments infrastructure.
In its second year, the 2018 FINNIE Awards saw a 40% increase in entries from 2017 with a record 223 submissions, from which 89 finalists were shortlisted.
Verrency provides world-leading enterprise-grade payments services for card issuers, merchant issuers, processors, and other digital financial services institutions. Verrency is a scheme-agnostic, white-label, “payments-innovation-as-a-service” open-API platform that helps card issuers acquire new customers and increase their share-of-wallet of existing customers while also significantly increasing security, control, and IoT connectibility. Verrency works behind-the-scenes – enabling everything from 2nd generation payments controls to aggregation to loyalty/ rewards spend to digital currency spend – quickly and easily with no change to existing payments rails, connections, or point-of-sale terminals. Verrency also enables rapid connection to 3rd party fintech services with little to no integration.
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