Dubai — Mubasher: Emirates NBD’s Liv. has signed an agreement with Verrency, an Australian payments innovation service, according to a recent statement.
“The multi-year agreement will enable Emirates NBD to leverage Verrency’s cloud-based payments innovation service and V+ fintech partners to enable cost-effective delivery of a multitude of value-added services to Liv. Customers,” the statement said.
Liv. is a mobile-only bank that was launched by Emirates NBD in May 2017 to offer a lifestyle-first intuitive banking experience targeted at millennials.
“By subscribing to the Verrency service, Liv. will be able to cost-effectively remain at the forefront of digital banking by continually enhancing its capabilities via easy connections to multiple service providers without requiring significant change in its existing payments and technology infrastructure,” Verrency’s commercial director for Asia and Middle East, Aaron Oliver, said.
Verrency was founded in 2016 as a highly innovative global fintech firm enabling major financial institutions to drive significant innovation via their existing payments technologies and networks.
