The Commercial Banking & Payments Fintech Spotlight is a series of quarterly reports that look at select emerging fintech vendors active in the commercial banking space. The spotlight series provides insight into interesting vendors with strong unique selling points and innovative approaches as partners or competitors.
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Clients with a CWB bank business credit card will have access to Brim’s full suite of product capabilities powered by the fintech’s technology platform and embedded business banking solutions. Features include instant access to digital cards; CAD and USD cards with premium benefits and insurances; self-serve administration tools and workflows; real-time employee card issuance; spend controls; and accounting software integration.
Laurentian Bank (TSX: LB) announced today a strategic partnership with Brim, one of the fastest growing fintech companies in Canada and a licensed credit card issuer, to fuel its digital transformation and enhance its end-to-end customer journey for its suite of VISA products.
Brim Financial Forms Strategic Partnership with Mastercard to Modernize Credit Card Infrastructure in the U.S.
The tie-up aims to modernize credit card infrastructure and power innovation in credit card platforms. Brim Financial’s modular platform is designed to accelerate deployment and help institutions run and evolve their product platforms according to customer and market needs.
Brim offers banks a card issuing platform that provides business clients and their employees with real-time spend visualization, policy enforcement, customizable spend limits, and other features. This solution reduces third-party reliance and boosts revenue by giving banks full control over their card programs.
Brim's platform allows banks to quickly update and improve their card offerings. The platform's flexibility and scalability ensure that banks can help their commercial clients stay ahead of market trends and meet customer expectations efficiently. Brim supports a variety of card products through a single implementation, simplifying management and enhancing the overall customer experience.
With Brim's innovative solutions, banks can offer their commercial clients features. The modular architecture and comprehensive API suite ensure seamless integration with existing systems, allowing banks to adapt to their clients' changing needs quickly.
These features cater to the evolving demands of business card users, enhancing the user experience and helping clients manage their finances more efficiently.
“Brim's vision to combine banking, loyalty and e-commerce into a single platform aligns with our reputation for providing a premium client experience. We have a common ambition to disrupt Canadian financial services and provide a clear alternative to those who want more from their financial partner.”
"Brim's vision to combine banking, loyalty and e-commerce into a single platform aligns with our reputation for providing a premium client experience. We have a common ambition to disrupt Canadian financial services and provide a clear alternative to those who want more from their financial partner."
