Branch, the leading workforce payments platform, announced that its Branch White Label solution has been selected as winner of the “Best Banking-as-a-Service Solution Provider” award in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market.
Branch White Label allows companies to quickly launch a branded payments experience backed by Branch’s core payments technology and team of experts. Operating as both a product and a service, Branch provides a digital wallet with fee-free banking services, instant payments, cash back rewards, and savings tools along with minimal technology investment and program management.
Using Branch, companies can offer their workers financial benefits and faster payments along with a company branded mobile app and debit card. Rather than a simple web embed, Branch delivers native iOS and Android apps, publishing them to look just like a companies’ brand. Companies also receive user journey touchpoints, end to end app management, and compliance/fraud support.
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Branch White Label offers a range of payout options depending on the company and their workforce. For instance, 1099/gig companies can instantly pay workers after every shift, gig, or other unit of work, while W-2 employers can offer daily payouts, cashless tips, or paycards exclusively through their company branded wallet. The solution is backed by Branch’s program management services, and companies can quickly get started in two to three months time.
“Branch helps companies launch branded payment options with peace of mind.
Gig marketplaces, tech-forward companies, and large employers want to offer financial benefits and faster payments through their own platform, but often don’t have the resources or expertise,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Branch saves these companies time and resources by managing the compliance, fraud prevention, and financial services support behind branded payments experiences. Congratulations on being our ‘Best BaaS Solution Provider!'”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders, and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.
“Thank you to FinTech Breakthrough for this amazing recognition. We saw that companies across industries have been experiencing hiring and retention issues with workers who live paycheck-to-paycheck and have turned to Branch to support them with faster payments,” said Atif Siddiqi, founder and CEO of Branch. “Using typical BaaS solutions takes additional time, engineering, compliance, and support resources to not only build but also maintain their solution. Branch addresses this by partnering alongside you to launch a payments experience that supports your workforce from activation to end-user support and fraud prevention while allowing you to put your brand first.”
SOURCE: PRWeb