Brite Payments, a leader in instant bank payments, has announced that George Parks Davie has been appointed VP Product. Bringing more than 15 years of fintech experience in account-to-account (A2A) payments and open banking to the role, Davie will help expand Brite’s product offering in existing and new geographies, with a strong focus on user experience. As part of the role, Davie will also lead the newly-created Payments Domain within Brite. 

George Parks Davie joins Brite Payments from Klarna, where as Product Director he oversaw the development of its open banking platform, Klarna Kosma, and helped hundreds of fintechs to scale their businesses across Europe, as well championing the use of open banking within the company. Davie also played an active role in shaping PSD2, which underpins open banking in Europe today, through the European Banking Association’s Working Group on APIs under PSD2.  

In addition to his background in open banking, Davie brings with him extensive knowledge of the German market, having been instrumental in the development of Sofort’s A2A payments product, including its mobile interface, before the company was acquired by Klarna in 2014. Brite launched its Instant Payments offering in Germany in 2024, where research indicates that two-thirds of consumers are already familiar with A2A payments – in part due to the legacy of early A2A innovators such as Sofort – and are open to trying new online payment methods.

“I have been following Brite Payments for some time, and with an ever-growing number of use cases for open banking payments, now is the perfect time to join and play a part in creating customer-centric payment products that deliver real value for merchants,” said George Parks Davie, VP Product, Brite Payments. “I’m excited to help Brite deliver on its promise of becoming Europe’s leading provider of instant payments and payouts, drawing upon my experience in building product teams that are closely aligned with the company’s strategic direction, and setting them up to succeed during rapid growth.”   

Brite Payments enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure to build a fully-featured Pay by Bank solution, backed by its own proprietary network – Brite Instant Payments Network (Brite IPN). Fresh funding, announced in late 2023, is being invested in product development and scaling the business to serve a growing number of markets across Europe. 

“George combines deep expertise and technical knowledge of open banking with a very user-centric approach to product development. He’s been at the forefront of account-to-account payments in Europe and his product leadership will be enormously valuable to our team as we continue to scale rapidly,” said Lena Hackelöer, Founder & CEO, Brite Payments. “We’re thrilled to have George on board, and with his specific knowledge of the German market, we are in a strong position to take advantage of the opportunities in Europe’s largest economy.”

“2025 is going to be an important year for open banking in Europe – the instant payments regulation is opening up new opportunities and will be a catalyst for A2A payment adoption, while PSD3 is taking shape and promising to bring improved standardisation. Brite Payments is perfectly positioned to benefit from these developments, with a complete instant payments offering that reduces operational complexities for merchants and addresses many of their long-standing pain points,” concluded Davie.