Sweden-based investment platform, SAVR, has implemented instant payments from Brite Payments, an open banking-based instant payments provider, enabling customers to make larger direct money transfers into their accounts more quickly and securely.
Through Brite Instant Payments, SAVR customers can now use BankID to authenticate direct transfers of larger sums of money than previously possible into their accounts, reducing the need for manual data entry, and speeding up the time it takes to complete payment.
SAVR is a Swedish fund trading platform offering 1,700 popular funds at reduced prices. Driven by a transparent pricing model, the Stockholm-based company has scaled to over 100,000 users. With the launch of stock and ETF trading planned for later this year, SAVR will evolve into a full-scale investment platform.
Daniel Aarenstrup, CEO and co-founder at SAVR
“SAVR’s vision is to provide our customers with a state-of-the-art investment platform where it is effortless for them to manage their investments,” said Daniel Aarenstrup, CEO and co-founder at SAVR. “Brite Payments ticks all of our users high expectations on speed, usability and security when it comes to instant deposits — enabling them to have easy access to their assets and to make quick decisions on the financial markets.”
User experience is also optimised with Brite’s ‘Single Sign’, a mobile-friendly authentication solution which aims to help users pay up to 40 per cent faster than standard account-to-account (A2A) payment flows. Brite Instant Payments is underpinned by Brite’s proprietary instant payments network – Brite IPN – which utilises the European open banking infrastructure to process payments at all times.
Remaining competitive
Online trading platforms have surged in popularity over the past few years, with a quickly expanding range of financial investment options. In a competitive space, speed and innovation are all-important for those seeking to become the category leaders.
“We’re excited to offer SAVR’s fast-growing user base a quicker and more convenient way to top up their accounts, backed by the security of BankID,” explained Lena Hackelöer, founder and CEO of Brite Payments. “SAVR has quickly established itself as one of Sweden’s most popular investment platforms – now with Brite Instant Payments, users will also benefit from instant direct money transfers that require only top-of-mind information.”
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