Finovate Demo Video Archives

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How they describe themselves: IMburse has built a cloud-based “transaction as a service” platform the simplifies the integration of and connection to payment technologies for large multi-national companies, especially insurers. A sort of “universal adapter” for your IT system. We reduce IT costs, enhance launch times and enable new products and processes to be developed and deployed.

How they describe their product/innovation: Insurers often partner with companies in order to manage the claims processes and control claim costs, especially in the motor insurance industry where customers are asked/encouraged to go to “approved” companies to have cars repaired. The process of settling the claims (work done) is in most cases very manual and costs the insurer a lot of time to process and repair companies wait long for their money.

The new white-labelled PoS System that we offer companies though our PSP partners allows them to deploy a payment system with their partners, at a low cost, that is linked to the claims approval. This means that as soon as customers pay the excess amounts, the outstanding amount is automatically paid and reconciled for the insurer.

Product distribution strategy: Direct to Business (B2B)

Contacts

Bus. Dev. & Press: Oliver Werneyer, CEO, oliver.werneyer@imbursepayments.com