Paidle: Intelligent and seamless payment solution platform
Paidle is a Fintech Company "Swiss Made" offering innovative intelligent payment solutions, based on different business models such as revenue share and licensing.
Company actively implements Artificial Intelligence and Machine Learning algorithms using many credit score data sources for KYC.
Paidle provides consumers and businesses of all kinds with innovative and seamless financial products that allow a smooth and simple purchase flow to increase payment conversions drastically.
Challenge
Company needed to develop a platform to help merchants from e-commerce, services and digital goods grow their consumer acquisition and retention and guarantee payments managing the risk and fraud as well as identification, KYC and scoring.
Paidle looked for a team of experts to provide seamless checkout experience, as well as multiple integration options such as direct API and e-commerce platform plug-ins.
Approach
SSI has assembled a strong development team to meet the initial needs of Paidle, including:
Secure Integration: Fully integrated into merchants checkout, secured and direct API integration.
Seamless identification and KYC: Ease of integration in the checkout process without additional steps resulting in fraud prevention and higher conversion.
AI/Machine Learning: Using different sources credit bureau, enriching data, allowing better decisioning during credit score to let only “good” consumers through.
Implementation
Payment system
Secure implementation between payment system and merchants allowing high load traffic.
Secure implementation between payment system and financial institutions using ISO 20022 standard for electronic data interchange.
Secure implementation of different credit scoring bureau for identifying consumers.
Implementation of machine learning algorithms to profile consumers allowing only good ones to purchase through the payment system.
Value
Fast allocation of the team to meet business requirements and seamless integration to the company culture.
Developed an optimized payment system with consumer identification and authentication including fraud and risk prevention mechanisms.
Contributed to the creation of a most common payment method in Switzerland especially created for e-commerce, that enables consumers to pay using just their name and address, no credit card or other bank details required.
Developed an intelligent credit scoring mechanism, using multiple data sources through AI and machine learning.
Created an omni-channel platform allowing invoice payment across multiple online and offline channels with the same convenience, security and simplicity.