Thales and Clara Join Forces to Advance Financial Digital Transformation

Digital transformation and the arrival of new players in financial technology (FinTech) continue to drive the rapid evolution of financial services. In this context, Thales, a leader in high technology, and Clara, the leading Latin American solution that lets companies make and manage all their payments, have once again forged a strategic alliance to combine both firms’ expertise at a time when organizations are looking for efficiency and dynamism to manage their resources well.

For Thales, this new alliance is an opportunity to offer Mexico, Brazil and Colombia one of the most dynamic experiences in payment methods and digital financial transactions, backed by the best software and services for banking and online payments.

Under the agreement, the Thales D1 platform will enable multiple digital payment services that Clara has available so they can be integrated into its mobile applications or payment management platforms for Brazil, Colombia and Mexico. Thales D1, under a “Digital First Platform” concept, will expose its services through pre-built user-experience flows that, depending on the use case, will be deployed in an integrated way with the tokenization infrastructure of the different payment schemes. This will allow Clara’s clients to enroll their cards in the market’s leading wallets and in secure e-commerce merchants through tokenization, including those participating in Click-to-Pay.

“One of the added values Thales will offer through this agreement is pre-integrated business flows designed to build a seamless user experience, regardless of when they are enabled. Through the D1 platform, Clara benefits from a solution that naturally and simply allows it to launch service options for its clients at the right time according to its digital strategy, building them into one or several Clara mobile applications with a very fast deployment that is completely transparent to the end user,” said Diego Schpilberg, Director of Banking and Payment Solutions Sales for Latin America.

Johanna Mendoza, Product Lead at Clara, highlighted the importance of having technology partners such as Thales, since these alliances are key to continuing to offer solutions that meet companies’ needs for agile digital payment products.

With this alliance, Clara, through its business solutions, sets a precedent for the financial industry on the road to digital transformation that goes beyond retail or consumer segments.

Companies like Clara can leverage technology partners and solutions such as Thales D1, which make it possible to deliver global services that are agile, optimized and fully scalable at the speed the market demands. Thales’s technology arm, combined with Clara’s corporate payment and expense management solutions, forms a collaborative pair that accelerates the adoption of digital financial services in Latin America, improving the user experience by reducing friction and increasing information security.

In digital banking, Thales helps more than 3,000 financial institutions, retailers and other players take on the challenge of financial evolution by offering multiple payment methods for physical and digital transactions. It also offers a growing number of solutions for banking and online payments, including strong identity verification to onboard new customers, payment data encryption and multiple authentication systems such as biometrics, which help expand access to digital financial services.

Clara, for its part, offers an all-in-one platform for companies to make and manage all their payments and expenses. It currently operates in Brazil, Mexico and Colombia, and its solutions are used by more than 11,000 companies in the region.