You’ve likely heard the phrase, “every company will become a fintech company.” That’s because the banking-as-a-service model has officially taken off and is helping companies across all industries offer their customers a variety of banking options.
Perhaps that’s what Alviere was thinking in creating its new flagship offering, The Hive Platform, which it distinguishes as a Financial-Services-as-a-Platform (FsaP) tool. Hive allows businesses to choose from a range of seven financial services offerings– including banking and treasury application services; payment processing and cross border transactions; debit, prepaid, and credit issuing services; identity, risk, and fraud management services, business intelligence and analytics, customer communication tools, and mobile technology– and enables them to easily integrate their own branded tools into their existing business via an API.
“We know from our own experience the pain it takes to get a financial service to market, so we launched Alviere and The HIVE to help companies like us to alleviate the pain,” said Yuval Brisker, co-founder and CEO of Alviere. “We’re excited to announce the launch of The HIVE, which is the most advanced and complete Financial Services as a Platform (FsaP) on the market today. It’s much more than Banking-as-a-Service, incorporating many more capabilities than similar offerings.”
The Hive Platform also solves one of the biggest hurdles for companies delivering financial services– regulations. That is because it is already designed to be deployed in any geography with any regulatory framework.
Offering businesses financial services is a good move because it allows companies to focus on their core competency while providing access to valuable financial services. In addition to keeping customers happy, delivering financial services helps businesses by creating a stickiness that will drive customers back to their business, website, or app more frequently.
Founded by Yuval Brisker and Pedro Silva, Alviere is now available to businesses in Canada and the U.S. The company plans to be available in more geographic regions by year-end.