Visa Fintech Partner Connect has just launched a new initiative that offers banks and customers in Europe a wide range of new payment benefits. This happens after Visa’s own specialists have teamed up with carefully selected fintech partners.

Visa Fintech Partner Connect will meet Visa customers’ needs for new digital solutions by providing direct access to innovative fintech solutions.

The European launch of Visa Fintech Partner Connect follows a successful pilot project that has already shown that Visa’s customers benefit greatly from the new initiatives.

Helene Podsadni, who is Visa’s fintech manager in the Nordic region, says about the program:

“The popularity and need for new digital payment options and online banking have never been greater than now during the global pandemic. Our behavior has changed, and it can be felt. That is why banks and companies are looking for new ways in which they can quickly develop their current offer, ”says Helene Podsadni.

She adds that this is exactly what Visa Fintech Partner Connect offers. By combining Visa’s expertise with some of Europe’s most innovative fintechs, they are developing the next generation of digital solutions.

“We are already working on a number of exciting projects and look forward to working closely with our customers in the coming months”, says Helene Podsadni

In partnership with 13 of the leading European fintech, Visa Fintech Partner Connect will give Visa customers access to the following solutions:

• Consumer Digital Journey with 11: FS Pulse – a research and benchmarking platform that delivers on-demand videos of customer journeys from fintech and financial service companies from around the world.
• Consumer Credit Insight with Air Groundbreaking use of first-party credit scoring data to provide new credit insights to lenders collected directly from the individual.
• SME Credit Risk with AccountScore – uses open banking technology to provide cutting-edge transaction analysis to the bank.
• Buy Now and Pay Later with ChargeAfter – enables retailers to offer personal and immediate financing to their customers from multiple creditors. Which gives creditors a further opportunity to increase their customer base.
• SME Data with coded – connects small businesses with banks and other financial institutions by simplifying and integrating financial and accounting software into one API platform.
• Merchant Search powered by Snowdrop Solutions – makes it possible to simplify the transaction information displayed to consumers through clear negotiations.
• Transaction Compliance withComplyAdvantage – a global AI-driven database of people and businesses to control money laundering and detection of economic crime.
• Sustainable Banking with ecolytiq – analyzes real-time payment transactions to calculate the CO2 footprint on an individual level, thus helping consumers understand the impact, change behavior and compensate for their CO2 footprint.
• Subscription Management with Minna Technologies – allows bank customers to check their subscriptions, identify, cancel and improve them in their mobile banking app.
• Digital Identity Verification withOnfido – uses a hybrid between AI and human expertise to remotely identify users’ real identities. This is done by assessing whether the image ID is genuine and matches the submitted photo.
• Budgeting and Affordability withOpenWrks – uses Open Banking combined with AI to help companies transform their existing lending processes and deliver applications that can help customers clarify their purchasing power.
• Personalised Customer Engagement Platform with Personetics Delivers data-driven proactive engagement, analyzes real-time financial data, understands individuals’ financial behaviors, anticipates their needs, and acts on their behalf.
• Marketplace Payments and Escrow with Paycast, (powered by Shieldpay)– allow online merchants, e-commerce platforms, and marketplaces to manage and control B2B and P2P payments to pay online sellers and freelancers in an easy and secure way.