Every time we talk to our customers, they ask us what advantages our solution brings over the competition. In this article, I would like to describe a few points that differentiate us in this pot of financial technology vendors.
Read about what sets us apart:
Speed: 200% Faster Than Building From Scratch
200% faster than building everything yourself - Instead of building every fintech product yourself, You can use our platform and You will have all of those services much faster and at lower investment costs. Let’s take card issuing for example. To start issuing cards You need to cover very costly and time consuming areas like:
building Your architecture and its individual components like data core center to manage cards,
all kind of backends to tokenize the cards,
admin panels,
integration with Mastercard or Visa platforms,
creating the SDKs to integrate them with Your mobile interface,
finally finding or building Your own processing facility,
and obtaining a license of an official payment institution.
It will take from 1,5 to even 3 years and cost You a fortune counted in millions of euros. Choosing a Fintech-as-a-Service model is way more efficient as You simply do it all in 3 months!
Cost-Effective Fintech-as-a-Service: Up to 50% Less Than Competitors
Our services cost up to 50% less than the competition! Often customers complain of high costs of fintech services. The cost of implementing our fintech services is one of the lowest in the industry, due to the maintained cost discipline, the location of the software house in the relatively cheapest country in the EU in terms of personnel costs, and the accumulated experience of more than 65 completed implementation projects.
Thanks to the subscription-based Fintech-as-a-Service sales model, the cost of our services is also significantly cheaper than the cost of developing such services in-house. As in the above-mentioned example of card issuing, the cost of card issuing program may exceed 1-2 m euros where in fintech-as-a-service case You will be only charged for a setup fee not higher than 20 k euro and then You will need to pay a monthly fee for the maintenance dependent on the type of cards You issue 4-8 k euro per month. Isn’t it a good deal?
Stability You Can Trust: Long-Term Financial Security
Financial stability - We are profitable, no loans, not dependent on investor money. We have Mastercard as a shareholder. You get a partner with long term financial stability which is extremely rare in our industry. Before signing any agreement with any vendor of financial technologies please make sure You double checked their financial condition usually available in the investors tabs on their official websites. You don’t want to wake up one day with Your customers cut off from their payment cards.
Flexibility at Your Fingertips: Customization and Support
Direct contact and flexibility! At Verestro,You get in touch with decision makers and we are ready to listen to Your needs. As long as You are not violating financial, AML rules - we are happy to be flexible and update our rules to Your needs.
Even though we would prefer to sell our off-the-shelf products like card issuing, tokenization, money transfers or a business expense management system, we all know, sometimes, some customisations are simply unavoidable. We have wide experience in tailoring the products to our Partners' needs.
New Revenue Streams: Faster Time to Market
Generate new revenue with our fintech products! Our clients value rapid implementation of fintech services because it allows them to start generating revenue or reduce costs faster from such services as payment card issuance and cross-border transfers, online payments.
Based on our experience and optimized processes and API/SDK it takes 4 times less effort to launch new products and start generating revenues on them. One of the good examples of the way You can quickly start earning on Your payment cards is a Fees module. Simply set up the fees on each issued card and start to earn from the first day of the project.
If You want to challenge some of the above-mentioned statements, feel free to arrange a call with one of our representatives at sales@verestro.com. We are happy to jump on the call and talk.
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