Verituity

Verituity offers a cloud-based platform for banks to connect their treasury services with their business clients’ payout needs, to make digital payouts and reduce the bank’s compliance risk. It enables business clients to make a range of payments, such as settling suppliers, insurance claims, issuing refunds, etc. The platform connects banks, payers, and payees, by unifying and automating verifying identity, payment choice, payment accounts, and payment orchestrations, based on the respective bank’s policies and payment services. 

Verituity’s low-code platform helps create connections between a bank’s services, its customers' payment operations, and third-party services. The platform also offers multiple digital payment choices, including PayPal, automated clearing house (ACH) transfers, and wire transfers, among others, across more than 70 countries. As of June 2024, the platform managed billions of dollars in verified B2B and B2C payouts for banks and businesses.