Brillio and Payment Components Announce Strategic Partnership to Drive Innovation in Payment Solutions

Edison, N.J. ─ August 2, 2023 ─ Brillio, a leading digital transformation services and solutions provider, today announced that it has partnered with Payment Components, a worldwide B2B solutions provider specializing in payments, open banking, and AI for the financial industry, to expand its payment solutions capabilities and offerings.

As part of the collaboration, Brillio and Payment Components will leverage their combined strengths to facilitate the adoption of ISO 20022 standards, connectivity to high-value payment systems worldwide, including CBPR+ for SWIFT, FedNow in the United States, and TARGET2 in the UK, and modernization of payments with AI/ML-powered financial messages solutions. The partnership will allow Brillio greater access to a wide-ranging product suite, including aplonHUB, aplonAPI, and FINaplo AI, enhancing its ability to deliver state-of-the-art payment solutions and superior business outcomes.

“Our collaboration with Brillio will enable us to accelerate the development and deployment of next-generation payment solutions,” said Sotiris Nossis, CEO of Payment Components. “Brillio’s expertise in digital transformation and innovative solutions will complement our advanced payment technology solutions perfectly. Together, we aim to revolutionize the payments landscape and empower financial institutions with cutting-edge solutions for seamless and secure payment experiences. This partnership solidifies our position as a leading provider of payment solutions around the world. We look forward to a successful partnership with Brillio and the endless possibilities it brings.”

“We are thrilled about our partnership with Payment Components and the avenues it opens for us to make a difference to our clients,” said Rohit Srinivasan, Global Head of Delivery for Banking, Financial Services, and Insurance at Brillio. “In times of an unprecedented shift towards real-time, digital payments, interoperable payment systems, and stronger authentication, this collaboration is an important step forward in making payments more efficient, secure, and convenient. This partnership significantly boosts our ability to drive payments modernization and transformational outcomes for our clients, while providing an opportunity for the clients of Payment Components to tap into our digital transformation capabilities. Our collaboration will help our clients deliver greater value, unlock new revenue streams, and accelerate growth.”

About Payment Components

Payment Components provides componentized solutions in a wide array of domains, from AI Banking, Open Banking, account-to-account payments, and financial messages technology. The company boasts an impressive portfolio of over 65 clients, including world-renowned financial institutions and leading fintech companies. This diverse client base demonstrates the company’s proven track record and industry reputation, positioning them as a trusted and reliable partner for financial institutions of various scales and Fintech innovators alike. For more information, visit https://www.paymentcomponents.com/.