Facing new competition and with profits under pressure, many banks around the world are having a hard time developing and running profitable and competitive commercial card programmes.
The Norwegian/Scottish FinTech EedenBull is now rolling out it’s commercial cards platform to banks looking to leverage the vast untapped opportunities in the B2B payments market.
New technologies, new regulations and new players are forever changing the way consumers and businesses think about payments. Add to the mix the ongoing pandemic and many banks find themselves challenged and often unable to develop and provide competitive payment services to their commercial banking customers.
EedenBull has recently launched it’s Q Business® programme with 65 banks in the Nordics and are now expanding the platform to include full commercial cards issuing capabilities across all segments from small business to large corporates and across all B2B spend categories. EedenBull is a fully licensed and regulated e-money institution under EU/EEA legislation and has uniquely obtained principal issuing licenses from Mastercard, Visa and UnionPay.
Says Mr Nicki Bisgaard, CEO at EedenBull: ‘With these latest developments we continue to demonstrate our commitment to delivering new, innovative and exciting payment services to our partner banks and their customers.’ He continues: ‘Whilst payment products and services often becomes more and more user friendly, the product management becomes more and more complex and requires readily access to specialists in product management, in marketing, in revenue management, in IT and platforms, in legal and regulatory areas to mention but a few. At EedenBull we uniquely combine specialist commercial payments expertise with tech savvy talent, making us the ideal partner to banks going forward.’
The company is targeting bank partners in select markets around the world and are aiming to launch programmes in multiple regions over the coming 12-24 months.
EedenBull AS was established in 2018 with the aim of delivering new, innovative payment solutions to consumers, companies and organisations worldwide. The company is committed to collaborating with banks globally to leverage new technologies that make it easier, safer, and cheaper to pay and get paid. EedenBull AS is registered in Norway with head office in Asker, technical development and customer services teams in Edinburgh and UX & design team in Singapore. The management team has extensive experience in payments, banking and digital platforms, and have come together to deliver a fintech venture that is as much "fin" as "tech". The company has a number of exciting launches planned in the coming months.