Global payment innovation company Verrency today announced that Ms.Namita Bhide, a seasoned leader in financial services technology, has joined the Company as Commercial Director, Asia Pacific. Based in Singapore, Ms. Bhide will leverage her extensive digital banking expertise to drive Verrency's continued growth in Singapore and Asia Pacific region as the company accelerates its global strategy, increases its market share and adds new customers and partners.
Singapore is currently the epicentre of significant activity in the digibanking space, with a large number of potential applicants vying for a small number of new digibanking licenses that are being awarded by MAS in 2020. Key to rapid growth in digibanking is rapid enablement of differentiated products and services ? which is exactly Verrency's core value proposition. Ms. Bhide's appointment recognises this growing market demand for Verrency's services in Singapore, as well as more broadly around the region.
Ms. Bhide has over 20 years of experience in innovation, payments, digital transformation and risk and compliance across both buy and sell-side business lines. Ms. Bhide founded Denim Consulting, a boutique creative banking consulting firm offering advisory services to a range of corporate, financial technology and regulatory technology clients, where she currently serves as a Managing Director.
She previously served as a global lead for Innovation for Financial Crime Compliance at Standard Chartered Bank in Singapore. Prior to this, Ms. Bhide has held several global and regional roles at Deutsche Bank and UBS. In 2017, she was named by Let's Talk Payments as one of Singapore's 25 most influential female corporate leaders and a Top 100 FinTech Influencer in South East Asia in 2018. She was on the Advisory Board of Women in Payments. She is an advocate for gender equity and believes in the strength of diverse, inclusive teams to create better innovative solutions.
"I am excited to be joining Verrency's highly accomplished global team," said Ms. Bhide. "Throughout my career, innovation in the payments space has grown exponentially, but legacy infrastructure has held many banks back from keeping up. Verrency completely changes that paradigm by enabling banks to securely, reliably and efficiently deliver differentiated payments services to their customers without having to modify or migrate away from existing payments infrastructure. I look forward to working with David and the Verrency team to drive real innovation for the banks in the region, including digibanks, new banking service providers, and most importantly - their customers."
"We are excited to have Namita join our team to help drive our growth across Asia and guide our customer strategy as we invest more in Singapore and the ASEAN region," said David Link, Verrency Founder and CEO. "Namita is very experienced in the area that is the intersection of digital banking, payments, and innovation that is precisely where Verrency drives rapid differentiation. Namita also brings deep relationships in Singapore and is a mark of the expansion of Verrency's increasing investment in Singapore and the ASEAN region. She is a wonderful addition to our leadership team."
Verrency's existing APMEA Commercial Director, Aaron Oliver, is moving focus to shift specifically to the Middle East region as demand for Verrency's services have increased significantly in the region following on the heels of Emirates NBD's Liv Bank's successful implementation of the Verrency-enabled world-first continuously personalisable credit card.
Verrency's API platform sits on top of a bank's, processor's or superapp's existing issuing infrastructure, opening the door for these institutions to rapidly deliver enhanced services without changing their existing technology or migrating portfolios. Services in use or demand in Asia include personalisable payments services (as with Emirates NBD) as well as real-time transaction roundups to investment destinations, among dozens of others. The Company has agreements signed with Australian neo-bank Volt Bank, Colombia's innovative Banco Davivienda, global processor FIS, UAE-based Emirates NBD and a number of other financial institutions around the world. Verrency also has a mature partnerships ecosystem that currently includes 40+ global and regional fintechs.
Verrency puts payment credential-issuing financial institutions back at the centre of innovation. Verrency's payments innovation platform helps issuers to acquire and retain customers and increase card spend while increasing security, control and connectability. Verrency works behind the scenes to enable an ever-increasing range of value-added services for an issuer's customers quickly and easily without major changes to existing payments infrastructure or the need to integrate to point-of-sale systems. Verrency also enables rapid connection to third-party services via its FinTech marketplace with little to no integration. For more information, see www.verrency.com.
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