Veritran Launches Fusion by Veritran, Small Business Solution for Financial Institutions at Money 20/20 in Las Vegas

  • The first wallet that allows customers to manage their personal and business lives in one app.
  • This unique solution addresses the needs of the underserved small business community in the US market, which ranges from independent workers to small businesses and merchants, by improving their financial management in a healthy and simple way throughout their business lifecycle.

MIAMI, October 24, 2022 /PRNewswire/ — Veritrana leading global provider of financial technology solutions, launched today Fusion by Veritran, small business solution for United States market at money 20/20 inches Las Vegas. The tech company’s new flagship solution is designed for freelancers, independent professionals and small business owners, allowing them to better manage their personal and business finances in one comprehensive solution. Fusion by Veritran is available in multiple digital channels allowing users to access via mobile devices, notebooks, desktops and laptops.

This launch followed a presentation by Celent at the conference highlighting the growth of the self-employed and the increasing importance of creating customer-centric banking solutions that meet the unique needs of this segment. Veritran’s new solution targets financial institutions (ranging from banks to credit unions) and other Fintech industry players who serve or wish to capture this attractive segment.

Fusion by Veritran is an innovative solution that can be customized by each user to take their experience to the next level. It also combines functionalities that can be found in Veritran’s Wallet and Merchants solutions in an intuitive and efficient way. Some of the features available are digital payments, financial management tools, easy and secure transaction approval and real-time notifications. Users will also be able to easily track their income and expenses, set and achieve savings goals through “pockets” that represent specific financial goals or projects.

“Traditional banking has neglected the needs of self-employed professionals, forcing them to choose between personal or business banking and falling short when it comes to a true personalized value proposition that meets their expectations.” said Grenier Fuentes, Vice President of Digital Solutions at Veritran. “Veritran’s unique new solution enables financial institutions to tap into and better meet the needs of this underserved market of 33.2 million small businesses worldwide United States.”

Unlike other fintech solutions available in the market, Fusion by Veritran is modular and scalable, allowing financial institutions to add, exchange, or modify features depending on their needs and goals.

This launch is the latest in Veritran’s broader portfolio of payment ecosystem solutions. The company facilitates the building of omnichannel, scalable and high-performance digital solutions that deliver a secure, superior user experience with the best time to market.

“In the last few years, this type of solution has been exclusively developed by Fintechs, who have positioned themselves as allies to self-employed workers and/or small businesses with a limited offer. Historically, digital payment and collection solutions have faced local and even global regulation. This is a huge opportunity for major players in the US financial industry to cater to this growing but often overlooked segment.” added Fuentes.

Visitors to Veritran’s booth 3609 at the Money 20/20 in Las Vegas you will be able to experience firsthand how Fusion by Veritran can help financial entities stand out with an innovative solution that meets the needs and interests of small businesses like no other.

About Veritran

At Veritran, we believe in improving our clients’ businesses by making their customers’ lives better. Through our Low-Code enterprise platform, we accelerate and simplify the development of future-proof, compelling digital channels that create premium consumer experiences. We are drivers of innovation serving companies around the world, reaching millions of users and making billions of secure transactions annually. For more information, visit www.veritran.com

SOURCE Veritran

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