Cardlay builds cloud solution integrated with Concur® Expense to help banks deliver commercial payment management capabilities

by maria
Editorial & Advertiser disclosure

Solution to help banks’ corporate clients by delivering easy, time-saving, and secure card management

Copenhagen, July 1st, 2021: Cardlay, a leading Danish commercial banking as a service payment FinTech, today announced it is collaborating with SAP® Concur®, the world’s leading brand of travel, expense and invoice management solutions, on an integration that is designed to allow banks to issue and manage virtual payment cards for their corporate card holders.

Through this partnership and planned integration, Cardlay will offer a cloud solution that helps a bank’s corporate card holders to easily capture, verify, and reconcile card spend. Corporate card holders will be able to benefit from a closed loop of optimized automated processes to save time, avoid errors, reduce fraud, and secure data enrichment.

Cardlay’s solution is planned to enable employees to operate their card through digital wallets on a mobile app and web portal, integrated with Concur Expense, and managers will be able to issue and control virtual cards for employees.

Employees will be capable of quickly requesting a payment card via the app before any company spend occurs. Managers can then approve/deny new cards, set spend limits and review settings. Virtual cards would be added easily to digital wallets, and as the card is used, the transaction data would be available in the SAP Concur service to be reconciled.

Jørgen Christian Juul, CEO at Cardlay, said: “Through our SAP Concur partnership we can simplify and streamline corporate card management for companies globally. The collaboration brings banks enormous value, leveraging the distribution of corporate payment cards for all employees by securing the transition from out-of-pocket payments. This is planned to enable immediate benefits such as streamlined processes, improved data, minimized fraud, reduction in errors, and increased control. Commercial payment is going through a massive development and we see a great opportunity for Cardlay to create powerful integrated solutions with numerous benefits for global companies.”

Currently, companies need to plan, predict future needs and issue cards accordingly. Cardlay’s integrated solution with Concur Expense is planned to enable banks to deliver a sophisticated and integrated card management capability to their corporate card holders to issue a payment card and simultaneously approve a budget.

About Cardlay
Cardlay is a Danish B2B FinTech partner of commercial payment services and infrastructure enabling Banking as a Service. Cardlay delivers fast-scalable white label solutions to enable and serve banks, card issuers, processors and other financial institutions with the newest intelligent commercial payment infrastructure and front-end.

Cardlay secures the digital connectivity to serve the end-user’s needs with a short time to market and a full go-to-market support solution, ensuring new revenue streams and cost-savings for banks and issuers. It enables white label partners to strengthen digital relations with customers and stay relevant in a new era of digital banking.  For more information on Cardlay, visit

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Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

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