Brite Payments, a leading provider of open banking-based instant payments, today announced that SAVR, one of Sweden's most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely.
SAVR is a Swedish fund trading platform offering 1,700 popular funds at reduced prices. Due to their innovative 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.
Through Brite Instant Payments, SAVR’s customers can 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. User experience is optimised with Brite’s ‘Single Sign’, a mobile-friendly authentication solution proven to help users pay up to 40% 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 24/7/365.
“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 & Co-Founder, 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.”
Online trading platforms have surged in popularity over the past few years, with an ever-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,” said Lena Hackelöer, Founder & CEO, 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.”
Brite Payments is a Stockholm-headquartered fintech establishing itself as a leader in account-to-account (A2A) payments, also known as ‘Pay by Bank’. Gaining traction with consumers and businesses across Europe, A2A payments offer wide-ranging benefits and advantages over legacy payment methods, including mitigation of fraud risk and elimination of chargebacks, enhanced security, and reduced operational costs.