Global payment innovation company Verrency today announced that Alon Feit, an 
accomplished payments executive and successful start-up founder, has joined 
Verrency. Mr. Feit joins Verrency's global advisory board and will also take 
responsibility for Verrency's commercial operations in Israel and selected 
countries within Europe.

Mr Feit is the co-founder and ex-president and CEO - Splitit Payments Ltd 
(Splitit), a patented card-based instalment payment solution company (BNPL), 
leading the company in raising US$130m in equity and US$80m as a debt facility 
prior to the company's successful IPO on the ASX. He has held numerous 
executive leadership roles in the credit card industry for over 25 years at, 
Mastercard, ITAU-Unibanco Cards and Shufersal Finance. 

"I have been following Verrency for a while and have really admired the way 
that Verrency is solving a major financial services industry problem that 
couldn't be timelier - how to drive innovation and unique consumer experiences 
around the moment of payment for institutions with existing legacy systems and 
portfolios," said Mr Feit. "Their solution is truly unique in that it can be 
deployed on top existing payment infrastructure, offering a flexible way for 
financial institutions to deliver engaging payment experiences at Fintech 
speed. Their team is absolutely top calibre, and I am excited to be joining 
Verrency where I can help David and the team expand further across Israel and 
Europe."

"Alon's experience in building Splitit and his understanding of the card 
issuing space are tremendous assets as we look to expand in Europe and Israel," 
said David Link, Verrency Founder & CEO. "Alon's vision, passion and his 
breadth of experience in the card issuing space is precisely where Verrency 
operates and are invaluable as we continue our expansion.  And having Alon's 
experienced insights – he has just successfully grown another fintech - will be 
instrumental as Verrency further expands its value proposition into BNPL, 
personalisation and other services around the moment of payment.

Verrency's industrial-grade platform fits on top of a bank's, processor's or 
wallet's existing infrastructure, opening the door for rapid delivery of 
enhanced features and new services without the need to change existing legacy 
technology or to migrate portfolios. The company's clients include financial 
institutions around the world from large tier 1 issuing processors to neobanks 
to national debit schemes, including Emirates NBD, Volt Bank, EFTPOS, and the 
US-based global processor FIS, among others.

About Verrency

Verrency puts financial institutions back at the centre of customer engagement. 
Verrency's highly secure payments innovation platform helps issuers to acquire 
and retain customers and increase payment spend while increasing security, 
control and connectability. Verrency works behind the scenes to enable 
value-added services for an issuer's customers quickly and easily without major 
changes to existing payments infrastructure or the need to integrate to 
point-of-sale systems. Verrency also enables rapid connection to third-party 
services via its extensive FinTech ecosystem with little to no integration. For 
more information, see www.verrency.com.

Source: Verrency