Dynamic partnership between SaaS banking and payment solution providers helps banks and lenders speed up their modernization and innovation journeys
MIAMI–(BUSINESS WIRE)–Market-leading SaaS banking platform Mambu, and global provider of cloud payments and financial messaging solutions, Volante Technologies, announced a pioneering collaboration to help banks and lenders modernize their banking and payment infrastructures rapidly. The strategic partnership will enable joint customers to speed delivery of innovative payment products and services without needing to rip and replace legacy systems.
Traditional financial institutions struggle with legacy systems that are inflexible, slow and expensive to replace and adapt. Volante and Mambu are partnering to allow financial institutions to modernize their existing payment systems and quickly launch new solutions with different payments capabilities such as wire, ACH, SEPA, real-time and cross border payments. The integration allows customers to implement payment functionalities faster than traditional vendors and provides richer experiences with more flexible payment options for consumers and businesses.
As an API-first platform, Mambu seamlessly integrates with off-the-shelf software solutions, such as Volante, enabling financial institutions of all sizes to offer better, differentiated experiences to their end-customers.
“The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels,” said Kevin Trilli, Mambu Chief Product Officer. “Like Mambu, Volante provides digital technology solutions that equip institutions for future success. Together, we are making available a system that empowers all payment processors seamlessly within Mambu’s Payment Hub. Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers.”
Trilli added, “The platform was possible because of a shared philosophy that a modern low-code cloud architecture allows for scalability, cost-saving and agility. This will drive change and is an important step in making payments processing simpler and more accessible.”
John Farrell, SVP Global Product Management, Volante Technologies commented, “We see this strategic partnership as transformational for the industry. SaaS is a game-changer for core banking. Payments as a Service (PaaS) and low-code technology have proved equally disruptive in payments. By unifying the two, Volante and Mambu are creating a powerful Banking as a Service (BaaS) platform. We believe this synergy, combined with our strong affinity in culture, values and style, will drive tight collaboration and co-innovation for the benefit of our joint customers.”
About Mambu
Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 800 employees that support 200 customers in over 65 countries – including N26, League Data, BancoEstado, OakNorth, ABN AMRO, and Orange Bank.
For more information, please visit Mambu’s website or connect with us on Twitter, LinkedIn and Facebook.
About Volante Technologies
Volante Technologies is the leading global provider of cloud payments and financial messaging solutions to accelerate digital transformation. We serve as a trusted partner to over 100 banks, financial institutions, market infrastructures, clearing houses, and corporate treasuries in 35 countries. Our solutions and services process millions of transactions and trillions in value every day, powering four of the top five corporate banks, 40 percent of all U.S. commercial bank deposits, and 70 percent of worldwide card traffic. As a result, our customers can stay ahead of emerging trends, become more competitive, deliver superior client experiences, and grow their businesses through rapid innovation.
To learn more, visit www.volantetech.com. Follow us on LinkedIn or Twitter.
Contacts
Media Contact for Mambu:
Anna Stanley
Anna@williammills.com
Tel. 251.517.7857
Media Contact for Volante:
Chanda Shingadia or Tinne Teugels RISE
Chanda@risethrough.com
Tinne@risethrough.com
Tel. 866-797-8701
