The Bilt Banyan is broken deepen the trader’s data and consumer insights

Bank rewardsRetrieved Progress and Commercial Fees Due to Paying Housing In Loyalty Rewards, Makes the Item Receipt Data First Banyan.

The deal marks a large step in pushing the deep analytics on its platform and enhance the rewards of residents and neighboring traders between residents and neighborhoods.

“This obtained represents a major step ahead of our mission to change how residents in their neighborhoods,” as Ankur JainBuilder and CEO of Bank rewards.

“By further incorporating analysis of the Banyan item on our platform, we can make real experiences with no edge experiences that drive the value for BOTH Our members and our network are over 40,000 neighborhood entrepreneurs. It is about commercial production of more meaningful, more personal, and more rewarding where people live. “

In Banyan’s technology today below its umbrella, this blast can access a wide database of item purchase information, allowed for hyper-personalized benefits. The claim enabled to participate in parts such as automatic FSA / HSA storage, targeted rewards for residents of residents based on specific purchases.

Independent approach

The two companies will continue to operate independently, that the Banyan will continue to its current integration while involving the intimate item of the item’s commerage item. Under the terms of the deal, Banyan CEO Jehimon Luth Stay at the rudder of the Banyan and collaborate with the explosion of product development and trader expansion efforts.

The Bilt Rewards builds a business model concentrated on change The $ 2.1 trillion fee of trillion fees a fee reward eCosystem reward. Its network connects property managers, residents and entrepreneurs, allowing consumers to earn and redeem rewards for their local communities. Entrepreneurs benefit from accessing consumers based on their neighborhood buying behaviors, while property managers use the platform of the bilk in increasing rise fees.

The Banyan, on the other hand, specialized in the item-level receipt of the item, offering deep views of consumer buying behaviors. Its platform processes over $ 200 billion in transactions and checks more than 20 billion receipts, providing merchants with accurate sight of buying patterns. Company’s company infrastructure has already runs fsa / hsa with major dealers such as Walgreens and expected to be scaled under the abdominal umbrella.

“At the Bananan, we have established a reliable level of data management level that connects to who, what is and where in Commerce,” says Luth. “By participating in forces with disposition, we can implement our technology in measure, make experiences feeling magical For consumers while delivering measurable results for merchants. We are excited to unite our precision of the item level with the Kasherman in the vicinity of Bilt’s Bilt’s Commerce Network in Reimagine what is possible in local commercial. “

Plan to Leverage plans to Banyan’s capabilities expand with new merchant lattad categories of dining, fitness and drugstore. The claim has a trail for the grocery, gas, and parking parking of its ecosystem rewards, opening opportunities to participate for BOTH consumers and local businesses. The platform will also allow packed consumer staff in companies exactly, specific product rewards at neighborhood closures.

In completing acquisition of acquisition, expected to offer merchants who are more visible to neighborhood spending patterns and provide targeted offers to achieve 20 to 60 times the average investment return industry. Deal emphasizes a wider trend in recognition and loyalty programs, which data data operated increasingly driving Personal commercial experiences.

“Our expansion of the Banyan has allowed us to bring commercials in the neighborhood of life in ways that never done before, “Jain added.” We made an ecosystem in which obstacles between claim and use of rewards lost, and where the value of being part of our network increases with many participants. “