Railsr Expands Shared-Bin Reconciliations with Cambrist’s Reporting & Reconciliation Services

Railsr, the Embedded Finance provider that provides banking-as-a-service and cards-as-a-service, has implemented Cambrist’s Reporting & Reconciliation platform. This collaboration will extend Railsr’s market-leading Embedded Finance service by enhancing and automating data reporting and reconciliation capabilities, including for products on shared BINs.

Cambrist’s Reporting & Reconciliation solution is specifically designed to automate the management of payments data, especially card scheme data, derived from multiple sources.  The solution complements Railsr’s internal processes, adding new automations and increasing the speed at which Railsr’s Finance & Operations teams can reconcile and report on their Card Payments data. The service is being implemented across both single and shared-BINs card programmes.

"We are thrilled to be working with Railsr" said Jeremy Boles, Cambrist's Head of Fintech Sales & Partnerships. " Our platform is specifically designed to support Banks and scaled Fintechs like Railsr in automating their daily card payment programme reconciliation & reporting, particularly in shared BIN environments. I am truly delighted to see this service now live and beneficial for them.”

Alex Kotenko, CTO of Railsr, said, "Our partnership with Cambrist is a welcome addition to our card finance and operations functions, automating key elements of our card payments reconciliation process. We’re looking forward to further developing our relationship with Cambrist as we maintain our position as the leading embedded finance provider in the UK and Europe”.

About Railsr

Railsr is a leading embedded finance experience platform that enables any business to prototype, build and scale financial products. Our vision is to make finance an amazing experience for consumers and companies globally, working alongside brands and fintechs to power innovation.  

About Cambrist

Cambrist is an award-winning technology company enabling payment card issuers & processors to gain more insight from their payment card programme data and create new, reliable sources of income.  Our services are relied upon to provide better management insights (MIS), ensure compliance with payment regulations, optimize card scheme settlement and even solve the complexities of multi-currency settlement operations.

Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com