Mastercard and Brim: Powering credit card innovation
Brim Financial is a company on the right track, having seen its revenue grow by more than 1,000% from 2019 to 2022.
It’s this outstanding performance that earned the credit-card-as-a-service (CaaS) specialist a place in Deloitte’s recently-published Technology Fast 50 Canada and Technology Fast 500 North America.
Now, the fintech is on the path towards powering innovation in credit card platforms in the US after forming a strategic partnership with Mastercard, which will see Brim embed the payment processing giant’s opening banking capabilities across its end-to-end platform.
The introduction of a more robust, modern credit card platform will put financial institutions, fintechs, regional and community banks, and large brands in a position to provide customers with a more seamless payment experience, while minimising the challenges that come with building and maintaining advanced technology independently.
“There is significant momentum happening now in the US market when it comes to innovating credit card infrastructure across consumer, small- and medium-sized business and commercial segments,” explains Rasha Katabi, Founder and CEO at Brim Financial.
“This partnership with Mastercard will be transformational for companies seeking a sophisticated, modern credit card platform to better serve their customers.”
Helping customers and partners stay competitive
Needless to say, Brim Financial has progressed to become one of the fastest-growing enterprise technology companies in North America.
The firm has established itself as a leading provider of financial technology platforms (PaaS) for financial institutions, fintechs and major brands, while its CaaS has been recognised as best-in-class for product capabilities by Aite-Novarica Group.
At the heart of Brim’s operations is its robust, modular platform, designed to significantly accelerate deployment and fully empower institutions to run and evolve their product platforms, per their customer and market needs.
This, alongside a host of feature-rich products, deliver a broad suite of payment solutions for businesses and consumers as well as comprehensive enterprise workflows.
Inclusion of Mastercard’s open banking capabilities within the Brim platform adds to its extensive suite of embedded payments capabilities, aimed at delivering turnkey solutions for various types of companies looking to launch and run commercial and consumer credit cards.
Hunter Woolley, EVP, North America Business Development at Mastercard, adds: “In partnership with Brim, we’re able to help our customers and partners remain competitive, with innovative payment solutions that create seamless, secure experiences.”
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