Verrency appoints David Engel as Commercial Director for Australia and New Zealand
In a move to boost the momentum of its growing commercial portfolio, payments provider Verrency has appointed experienced payments executive David Engel as its Commercial Director for Australia and New Zealand.
Based in Melbourne, Engel will be responsible for driving Verrency’s commercial growth in ANZ, helping major financial institutions to rapidly and inexpensively drive significant innovation via their existing payments technologies and networks.
Engel comes from an experienced background in the payments industry with a focus on innovation. Before joining Verrency, he was the Country Manager for Australia and New Zealand at i2C, a Silicon Valley-based cloud payments processor. Engel also spent six years at GE Capital, where he created and launched payments products with some of Australia’s largest retailers including Coles, Harvey Norman and Myer.
In addition, he has run and advised Australian start-ups with a focus on open banking, card product innovations and value-add acquiring solutions.
Verrency Founder and CEO David Link said: “We are seeing significant advancement with our customers and partners in Australia and New Zealand, as well as globally – and with David joining the Verrency team, we are confident that he will help further accelerate our commercial expansion in the region.”
Engel said: “There is increasing recognition by financial institutions of the need to begin to deliver differentiated payments-related services to their customers, and we see that with Verrency’s recent announced signing with Volt Bank – which is very exciting and is testament to the value Verrency delivers to its customers and partners. I look forward to working with the rest of the Verrency team to grow the company’s presence in this region.”
Founded in 2016, Verrency delivers Innovation-as-a-Service to financial institutions with its API platform, which has been specifically designed to enable financial institutions to cost-effectively deliver value-added services to their customers without needing to replace or heavily modify their existing payments infrastructure.
Verrency was established to put card issuers/ financial institutions back at the centre of innovation. Verrency’s payments innovation platform helps issuers to acquire and retain customers and increase card spend whilst increasing security, control and connectability. Verrency works behind the scenes to enable an ever-increasing range of value added services for an issuer’s customers quickly and easily without major changes to existing payments infrastructure or the need to integrate to point-of-sale systems. Verrency also enables rapid connection to third-party fintech services via its FinTech marketplace with little to no integration. www.verrency.com