Mastercard and Brim: Steering the Credit Card Revolution

• Brim Financial has formed a strategic partnership with Mastercard to innovate credit card platforms in the US.
• This partnership will embed Mastercard’s open banking capabilities across Brim’s end-to-end Credit-Card-as-a-Service (CaaS) platform.
• The robust, modern credit card platform aims to enhance customer experience and minimize challenges for financial institutions, fintechs, regional and community banks, and large brands.

Brim Financial, which grew its revenue by over 1,000% from 2019 to 2022, aims to transform credit card infrastructure in consumer, small- and medium-sized business, and commercial segments through its strategic partnership with Mastercard. The alliance will allow businesses performing credit card operations to offer a sophisticated, modern platform to enhance customer service. Brim’s CEO, Rasha Katabi, emphasized that the partnership is significant for businesses aspiring for cutting-edge credit card platforms.

Known as one of the fastest-growing enterprise technology companies in North America, Brim Financial has set itself as a top-notch provider of financial technology platforms for major brands, fintechs, and financial institutions. Its CaaS has been recognized as having the best product capabilities by the Aite-Novarica Group.

Brim’s robust, modular platform is designed to accelerate deployment and empower institutions to manage and adapt their product platforms as per market and customer needs. The platform offers a wide range of payment solutions for businesses and consumers, along with all-encompassing enterprise workflows. The incorporation of Mastercard’s open banking capabilities into Brim’s platform would improve its comprehensive suite of embedded payments capabilities.

According to Hunter Woolley, EVP of North America Business Development at Mastercard, aligning with Brim allows Mastercard to help its customers and partners maintain competitiveness. This is achieved by offering innovative payment solutions that foster seamless, secure experiences.