Borgun and novae target common solutions for the novae-developed Digital Capability Framework (DCF), which uses invisible payments, digital currency, embedded travel-related benefits, push payments, and other technologies to provide payment and rewards options to banking and retail customers DFC is characterized by a user-oriented, universal, cross-border and fully digital mobile platform, with bank customers and merchant points anytime, anywhere (online and in business) on any device (mobile, desktop or wearable).
About this partnership
“With our partnership with novae, Borgun can leverage online and mobile tools that lead to greater customer benefits and an improved customer experience” said Sæmundur Sæmundsson, Borguns CEO. “novae f is honored to work with an industry leader such as Borgun for its digital transformation”said SergioArana, novaes CEO and Head of Ventures.
Why Novae is the future
Novae’s intelligent payment processing solution on an invisible and securely encrypted platform enables Borgun’s clients to manage rewards in the form of digital currency. alone or by other payment methods, such as Credit or debit cards registered on the platform can be used to make payments online and contactless for online purchases worldwide. Borgun intends to develop the powerful solution that novae mituns develops, not only in Iceland but also in the United Kingdom, Pétur Fredriksson, Borgun’s General Manager, Card Services and Business Development.
This is just the beggining
“Novae’s alliance with Borgun is exciting and this is just the beginning expansion across Europe”said Adriana P. Sanchez Krieger, novaes Head of Europe. With the integration of machine learning and artificial intelligence capabilities, novae’s platform will help Borgun better understand its customers’ interactions and buying behavior, as well as proactively engage more relevant offerings By using the Hum / Bot technology of novae can seamlessly combine BorgunKI-based customer interactions if speed is to be a priority for human interactions and to assist customers with the messaging channels they use on a daily basis.
About Borgun
Borgun was founded in 1980 and was the first credit card issuer and acquirer in Iceland, which offers acquiring services to traders in six European countries. Borgun provides a comprehensive range of simple and secure payment processing solutions that can be customized to meet your business needs. Borgun is a member of Visa Inc. and MasterCard International and has exclusive contracts with JCB, Diners / Discover, Union Pay and American Express. Borgun is a licensed financial institution regulated by the Icelandic Financial Services Authority.