Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider.
The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption worldwide and the modernization of payments with AI/ML-empowered financial messages solutions.”
This new strategic partnership expands Brillio’s offerings “to include the full suite of PaymentComponents products.”
The products offered are:
- aplonHUB Payments Hub is a must-have solution for any company that wants to quickly expand to new markets and enhance its current product offerings with new payment instruments. Our aplonHUB comes with the option to transform any ISO20022 messaging format, making it simple for financial institutions to handle this.
- FINaplo.AI is an innovative SaaS offering that uses AI and ML to reveal suspicious behaviors, influential accounts, runaway clients, payment corridors, predictions, and lots more by just analyzing SWIFT MT or ISO20022 financial messages. Something like a chatGPT for financial messages.
- Finaplo Financial messages is a comprehensive collection of tools to offer financial messaging libraries to financial institutions, that will help them Build, Validate, and Translate SWIFT MT, ISO20022, SEPA, CBPR+, TARGET2, MEPS+, FedNow, P27, BAHTNET messages, in real-time.
- aplonAPI open banking solution is our open banking-specific API management framework to help FIs safely and securely expose APIs. This award-winning software has helped many banks and FIs worldwide to become open Banking champions.
The two companies are now in “a prime position to address the existing market needs for the modernization of payments infrastructures, the adoption of ISO 20022/CBPR+ protocols, and the empowering of banks & corporations to successfully navigate the latest opportunities that arise.”
As noted in the update, Payment Components provides componentized solutions in “a wide array of domains, from AI Banking, Open Banking, account-to-account payments, and financial messages technology.”
The company boasts a client portfolio “with over 65 clients, including renowned financial Wall Street giants and leading fintech companies.”
This diverse client base demonstrates “the company’s proven track record and industry reputation, positioning them as a trusted and reliable partner for financial institutions of various scales and Fintech innovators alike.”
As mentioned in the announcement, Brillio claims it is the partner of choice “for many Fortune 1000 companies seeking to turn disruption into a competitive advantage through innovative digital adoption.”
