xWare42 have developed a platform that enriches a financial transaction with additional information. For instance, payment details on a bank statement can be enriched by adding information such as receipts, addresses, opening hours, service numbers and other details about the retailers. This gives customers a more helpful picture of their purchases while allowing banks and partner retailers to offer personalized discounts, reduce customer inbound calls and encourage further transactions.
Increased clarity will also reduce disputes and enhance fraud reduction whilst driving more customers to their online statement rather than rely on expensive paper based statements. xWare42 believes without data enrichment the banks massive financial investment in CRM systems will never be fulfilled to its maximum.
WINNER: PayExpo 2015 Dragon's Den, WINNER: Innotribe Startup Challenge 2015, WINNER: Accenture FinTech Innovation Lab 2015, WINNER: Online Technology Provider of the Year - Payment Awards 2014, FINALIST: Best UK or Global Prepaid Innovation - Emerging Payment Awards 2014, FINALIST: Best Security/Anti-Fraud Programme - Emerging Payment Awards 2014