CleverCards enhances its customer onboarding with integration of Bits Technology

Nov 19, 2024

CleverCards, a leading global payments platform offering innovative digital payment solutions, is proud to announce the integration of Bits Technology into its cutting edge customer onboarding technology stack.

This collaboration enhances CleverCard’s ability to deliver seamless and compliant onboarding for businesses while maintaining its commitment to flexibility and operational efficiency.

The integration of Bits Technology complements CleverCard’s proprietary KYB, KYC and AML technology stack, which includes robust identity verification, data aggregation and risk assessment tools. By leveraging Bits Technology’s specialised capabilities, CleverCards, which is already present in 92 countries, ensures its customers experience a streamlined onboarding process that adheres to regulatory requirements across multiple jurisdictions.

“Bits Technology is an exciting addition to our ecosystem,” said Ray Brash, Chief Operating Officer at CleverCards. “Our approach to KYB emphasises a layered, modular technology stack that adapts to the specific needs of our diverse customer base. With Bits Technology’s automated workflow builder, we can efficiently accelerate onboarding timelines globally while maintaining the compliance and transparency our partners expect.”

The enhanced KYB technology stack offers several benefits:

Speed and Precision: Advanced automation from Bits Technology reduces manual intervention and error, expediting the onboarding process.
Scalability: Modular components enable our business customers to scale their compliance processes alongside growth.
Comprehensive Risk Mitigation: Sophisticated analytics and real-time monitoring provide a holistic view of business risks.

“We’re excited to partner with CleverCards, a rapidly growing company dedicated to redefining how businesses open accounts and issue configurable cards worldwide instantly” said Fredrik Eriksson, Chief Commercial Officer and co-founder at Bits Technology. “CleverCards’ platform aligns perfectly with our goal of providing seamless compliance and onboarding solutions that empower businesses to adopt innovative payment tools confidently and securely.”

This integration is particularly timely as CleverCards continues to serve a growing portfolio of customers and partners using the CleverCards Platform to both Instantly open accounts with configurable digital Mastercards, generating new revenue streams for them globally, and enabling their business customers to efficiently manage, control and secure guaranteed reductions in business costs and transactions.

By combining its in-house tools with specialised third-party solutions like Bits Technology, CleverCards strengthens its position as a trusted partner in the digital payments ecosystem.

The updated customer onboarding stack aligns with CleverCards’ mission to deliver end-to-end payment solutions for businesses seeking fast go-live options, compliance, and innovative card-issuing capabilities.

About CleverCards

CleverCards is a digital payments platform that allows public and private sector organisations to instantly open accounts and issue configurable digital Mastercards to employees, customers and partners globally for a wide range of use cases.

Enabling our partners to launch new products and applications with embedded payments in just weeks, faster and more efficiently than any other payments platform worldwide, CleverCards is trusted by organisations globally, empowering them to generate new revenue streams and efficiently manage, control and secure guaranteed reductions in business costs and transactions.

The CleverCards platform is built for scale and ease and offers eMoney safeguarding, core banking ledgers, ready to go instant digital and tokenised (Apple Pay / Google Pay) Mastercard issuance, configuration software, payment processing, fraud controls, cardholder alerts, real time transaction reporting and account balances, via APIs, SDK’s and white-labelled online and mobile software applications.

For more information, visit https://clevercards.com.

About Bits Technology

Bits Technology provides compliance automation solutions that help businesses streamline onboarding workflows, mitigate risk, and ensure regulatory compliance. Focusing on customizable tools, Bits Technology enables businesses to scale efficiently while minimising risk.

For more information, visit https://www.bits.bi/