TORONTO--(BUSINESS WIRE)--Aite-Novarica Group ranked Brim’s Credit-Card-as-a-Service as best-in-class for product capabilities in its analysis of the global landscape of Credit-Card-as-a-Service providers. The Aite-Novarica Group CCaaS Matrix Evaluation and Impact Report evaluates the overall competitive position of each provider, focusing on provider stability, client strength, product features, and client services.
“Congratulations to Brim Financial for being ranked best-in-class on product capabilities for its Credit-Card-as-a-Service offering in the Aite-Novarica Group CCaaS Matrix Evaluation,” says David Shipper, Strategic Advisor of Retail Banking and Payments at Aite-Novarica Group. “Credit-Card-as-a-Service (CCaaS) providers like Brim help launch new card programs faster than what was possible in the past, while supporting most or all of the operational and service needs of a new program, allowing clients to focus on growing the business.”
As per Aite-Novarica Group, the explosive growth of credit card issuance and usage has motivated financial institutions, fintechs, and startups to launch innovative credit card programs they own and manage. Brim’s feature-rich platform and product functionality for both Consumer Credit Cards as well as Business and Commercial Credit Cards delivers a broad product suite of payment solutions for consumers and small- and medium-sized businesses (SMBs). Brim’s instant approvals and issuance, full mobile wallet functionality together with integrated buy now, pay later (BNPL) solutions, mobile and digital banking, rewards and loyalty, and behaviour-driven analytics enables their partners to roll out end-to-end credit card services in 8-12 weeks and be live in market swiftly and efficiently. In addition, Brim offers fully automated enterprise workflows for agent call centres, credit risk teams, credit card operations, marketing and customer engagement, as well as a full suite of branch functionalities for financial institutions. Brim’s full suite of capabilities differentiates its offering globally as the top provider for financial institutions, banks, and credit unions that are looking to replatform.
“Brim is honoured to be recognized by Aite-Novarica Group’s Impact Report as best-in-class for product capabilities in its analysis of the global landscape of Credit-Card-as-a-Service providers,” notes Rasha Katabi, Founder and CEO of Brim Financial. “We will continue our growth trajectory supporting our clients across financial institutions, large brands, and fintech partners through a composable and configurable platform that fits their needs.”
Brim’s key strengths enabled the evaluation and title of Emerging Player and ranked best-in-class on product capabilities:
- Brim has an impressive list of recent client wins and major partnerships that will attract new business and offer improved functionality for clients.
- Brim offers a robust credit card platform and a range of services that are critical for clients needing back-office and fully branded support.
- Brim supports a large majority of more innovative functionalities that many other providers still lack, such as push provision to a merchant card on file, credit-to-term loan conversion, and custom issuer wallet.
- Brim receives high marks for its platform as a service flexibility and customization to new programs to assure new clients do not feel they are receiving a “one-size-fits-all” product.
About Aite-Novarica Group
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.
About Brim Financial:
Brim Financial, one the fastest growing fintechs, is a market-leading provider of an omni-channel, financial technology Platform as a Service (PaaS) for financial institutions, large brands and fintech partners. Brim’s feature-rich platform and product functionality for both Consumer Credit Cards as well as Business and Commercial Credit Cards delivers a broad product suite of payment solutions for consumers and small- and medium-sized businesses (SMBs). To learn more, visit www.brimfinancial.com.