RAILSBANK FEATURED IN VISA INC Q4 2019 EARNINGS CALL London, UK. MONDAY 28 OCTOBER 2019

Railsbank, a leading global open banking and RegTech platform, was featured in Visa’s recent Q4 Earnings Call, cited as an example of Visa’s strategic focus with innovative fintech companies.

Al Kelly, Visa’s Chairman and Chief Executive Officer of Visa’s Q4 said that Visa’s cooperation with fintech was “critical to expanding credentials and acceptance globally” for Visa. In addition to Railsbank, Mr Kelly also mentioned fintech unicorns Revolut and Chime.

Railsbank and Visa have just completed a debit issuing deal.

Nigel Verdon, Co-Founder and CEO of Railsbank, said: “It was good to hear Al Kelly reiterate how fintechs such as Railsbank have played a vital role in how Visa has developed its brand globally. We have enjoyed helping Visa achieves its strategic aims and look forward to working closely in the future. Together, Railsbank and Visa now make it possible to do in days, what would have previously taken months. It will increase competition in financial services and result in better financial products for consumers and businesses”.

Railsbank is an API based financial innovation and growth platform, designed for developers and product managers to rapidly conceptualise, prototype, build, launch and scale a financial services business, whether it be in one country, or around the world. Railsbank customers have been able to build and launch new card products in as little as 3 days, a process that takes up to a year with traditional issuers.

Railsbank recently successfully completed a $10m Series A funding and opened an office in Singapore.