Payment processor Silverflow has partnered with German multinational investment bank Deutsche Bank, to launch a new cloud-native payments platform across Europe.
Two integrated services make up the new solution, namely an API-first, cloud-based platform from Silverflow, which enables flexible card acquiring and individual BIN setups, while Deutsche Bank acts as the acquirer and offers PSP and cash management services, enabling merchants to tailor transaction costs, settlement timing, and risk parameters to their needs.
Since going live, the partnership has slashed integration time compared to legacy deployments, enabling Deutsche Bank to onboard new merchants more rapidly. Authorisation rates also remain consistently high, protecting merchant revenues and minimising failed transactions.
“By integrating our API-first, cloud-native platform, Deutsche Bank onboarded merchants across in record time, maintained stellar authorisation rates above industry benchmarks, and automated chargeback flows to close disputes – proving that modern payments infrastructure transforms banking operations,” explained Robert Kraal, co-founder of Silverflow.
Through adding core banking, treasury functions and acquiring under one roof, Deutsche Bank has differentiated its offering, attracting inquiries from competitors’ clients seeking a one-stop, technology-driven payments solution.
Powering market expansion
Through the new partnership, Deutsche Bank’s corporate banking clients will also gain instant access to Silverflow’s merchant chargeback API, automating the dispute-management workflow and removing manual bottlenecks. As a result, customer complaint volumes have been minimised, significantly reducing operational overheads.
Kilian Thalhammer, global head of merchant solutions at Deutsche Bank, commented: “Our partnership with Silverflow has reinforced our acquiring product with unprecedented agility, delivered prompt dispute resolution and enabled us to offer a unified banking, treasury and payments service that clients are already adopting.”
Early adopter feedback highlights simplified reconciliation, real-time data transparency and unified support as key drivers in merchants’ decisions to switch from fragmented, multi-vendor stacks.
Looking ahead, Silverflow and Deutsche Bank have revealed plans to further develop this integration. Planned enhancements include advanced analytics dashboards for deep transaction insights, real-time reconciliation tools to streamline financial closes, dynamic routing across multiple card networks to optimise processing costs and predictive fraud controls powered by machine learning.
The two entities say these developments will offer merchants much enhanced visibility into payment flows, further elevate authorisation performance and drive down operational expenses, in a move to ensure both organisations lead the next wave of digital payment innovation.
Source: https://thefintechtimes.com/
