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Bankable partners with Starling Bank to provide UK Agency Banking access to its clients

Money 2020, Copenhagen, June 28, 2017 –

Bankable signed a direct strategic partnership with Starling Bank, one of the UK’s leading challenger banks, to provide real-time Faster Payments.

Bankable will integrate its Banking as a Service platform with Starling’s state of the art API set.

Bankable’s proprietary API based Banking as a Service platform provides turnkey payment solutions with account / card issuance and management, transaction processing, as well as compliance and ancillary services. The partnership will allow clients to send and receive Faster Payments all in real-time through Starlings API.

The Bankable-Starling Bank partnership complements Bankable’s existing relationship with Arkea Business Service providing access to Step 2 and Target 2 Euro clearing systems. This partnership will provide a turnkey solution for ambitious cross-border Challenger Bank initiatives originated by Incumbents or FinTechs. Our clients will be able to focus on their brand, distribution and client acquisition instead of reinventing the “infrastructure wheel”, in turn translating to accelerated time to market.

Bankable has successfully delivered projects for demanding Tier-1 banks and FinTechs for the last six years. Bankable’s speedy implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness.

By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment.

Julian Sawyer, Starling Bank COO, commented: “We are very excited to partner with Bankable. This partnership will allow their customers to access the Faster Payments infrastructure and to complete payments all in real-time. Bankable have a strong presence within the European banking market with their innovative payment solutions enabling a complete Banking as a Service model. We believe this partnership will continue to improve the experience for customers and continue to drive innovation within the financial ecosystem”.

Eric Mouilleron, Bankable’s CEO and founder commented: “We have followed Starling Bank since their inception. We decided to partner with Starling Bank immediately after they became the 13th UK Faster Payment member in January 2017. Starling Bank is different from other Challenger Banks as they started by building a strong back end and are led by former bankers who have contributed to different banking innovation waves over the last 30 years along a strong diverse team. We are excited to partner with a technology focused and client centric Bank who delivers real-time access to payment schemes, as opposed to the file-based systems made available by Incumbent Banks.”

About Starling Bank

Starling Bank Limited was founded in 2014 and granted its licence in July 2016 by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Starling Bank is a mobile only bank offering current accounts within the UK. Starling Payment Services is a new division within Starling Bank, focused on providing payment solutions to organisations. The division is run by Julian Sawyer, Starling Bank’s Chief Operating Officer. Starling Bank offers connectivity to all the main payment schemes within the UK, which include Faster Payments, BACS and Master Card Issuance.

Website: https://www.starlingbank.com/paymentservices/

Linkedin: https://www.linkedin.com/showcase/11118750/

About Bankable

London based Bankable is an enabler of innovative, global payment solutions providing “Banking as a Service”. Our core account and card management platform is available in white-label or via APIs enabling any regulated or non-regulated organisation to quickly deploy payment solutions – including light banking solutions, payment account & e-wallet services, virtual & plastic card programmes, as well as virtual ledgers and reconciliation solutions. Our client base includes both regulated financial institutions (Banks, Electronic Money Issuers, Payment Institutions, Insurance companies…) and non-regulated global corporates and FinTechs who use our platform to streamline their payments processes and generate new revenue opportunities.

More info on www.bnkbl.com
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