Bankable Announces Strategic Collaboration with Visa to Continue Growing Globally

  • Bankable announces strategic collaboration with Visa
  • Bankable opens new office[1] in the heart of the Flatiron District

New York, USA – February 4th, 2020 – Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which is Bankable’s fourth office after London, Brussels and Dubai.

The new premises will become Bankable’s U.S. hub, allowing the company to accelerate strategic initiatives across corporations, banks and fintechs headquartered in the country. The company is planning to make strategic hires in the next few months as the NY team will shoulder London and Dubai operations.

“Our strategic partnership with Visa represents a great opportunity to further accelerate digital payments innovation in the region. Our commercial team will initially focus on B2B payments,” said Eric Mouilleron, CEO and founder of Bankable. “As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the U.S. as well as leading regional, community and selected global banks organized to support fintechs. We anticipate more than 50% of our revenues to come from the U.S. by 2024.”

“The financial ecosystem is evolving at rapid pace, and Bankable’s model helps financial institutions, corporates and fintechs be increasingly nimble to remain competitive,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Building on what we’ve done with Bankable in other regions, including CEMEA and Europe, we’re excited to now extend the partnership into the US.”

Notes to Editors:

For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com / +44 20 3948 6034

About Bankable:

www.bnkbl.com

Bankable is a global digital banking and payments platform. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time-to-market.

We provide an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services. 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 and Partner’s Ecosystem to deploy digital banking and payment services and generate new revenue opportunities.

Our motto: “quick time-to-market”

Bankable’s rapid 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.

[1] New York office is solely operated by Bankable

Bankable Announces Strategic Global Partnership with Plaid

New York, USA & London, UK – January 14th, 2020 – Today, Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking and payment platform. Bankable designs and seamlessly orchestrates global payment and digital banking services with its extensive integrated partners’ ecosystem. By leveraging Plaid’s API technology, Bankable will further enable quick time to market for its clients. Plaid provides connectivity to 15,000 banks in the US and Europe.

“Like Bankable, Plaid is a fintech enabler providing an infrastructure as a service to power various business cases in lending, personal / business finance, consumer payments. Plaid and Bankable are both focused, since inception, on democratising financial services through technology,” said Eric Mouilleron, CEO and Founder of Bankable “This reciprocal global partnership will help us to provide more services to our respective banking and fintech clients.”

“The infrastructure of financial services was not built for the digital demands of the industry today. Fintech companies and new digital-first banks offer consumers the tools and services they demand, but much of the existing bank technology core infrastructure hasn’t evolved along with these new customer needs,” said Lowell Putnam, Head of Partnerships at Plaid. “Providers like Bankable offer both fintech companies and financial institutions a platform to bring new products to market and meet shifting consumer demands, much more quickly than the legacy infrastructure allows.”

-ends-

 

Notes to Editors:

For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com / 020 3948 6034

 

About Bankable:

www.bnkbl.com

Bankable is a global digital core banking platform and Banking as a Service provider. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time to market.

Bankable Visa Corporate Cards Live.

London, UK – 17 July 2019 – Bankable, the global architect of digital banking and payment solutions, is delighted to announce that 10 weeks following the beginning of its partnership with Visa, the first Bankable’s Visa cards are now in clients’ hands.

 

 

Global firms, Banks and Fintechs can now leverage Bankable’s multi-currency platform to launch corporate, purchasing, payroll and travel expenses programmes. Our solutions are available in prepaid, physical and virtual Visa cards.

 

Our API integrations with approved partners mean you can launch Bankable-branded Visa cards in 1 week and custom-designed cards in as little as 4 weeks.

 

Eric Mouilleron, Founder & CEO of Bankable, said: “On April 30 this year, we inked a strategic investment and a global partnership with Visa. On May 15, 2019, we communicated to our clients that our new Visa Corporate card solution will be live on July 10. On July 10, our Visa cards are live and delivered to our clients. Awesome! Visa and Bankable teams worked hand in hand with a strong sense of urgency to respect our clients’ time to market priorities.”

 

PDF release HERE

 

-ends-

 

Notes to Editors:

For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com  / 020 3948 6034

 

About Bankable:

Bankable is a global digital core banking platform and Banking as a Service provider. We partner with financial institutions, corporates and FinTechs to deploy, orchestrate and operate highly differentiated payment solutions.

Bankable provides an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services. 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 and Partner’s Ecosystem to deploy digital banking and payment services and generate new revenue opportunities.

Bankable has successfully delivered projects for demanding tier-1 banks and FinTechs for the last eight years. Bankable’s rapid 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 and generate new net revenues.

More information on www.bnkbl.com

Banking-as-a-Service Pioneer Bankable and Visa Enter Strategic Partnership to Accelerate Digital Banking Solutions

  • Bankable’s modular, real-time Banking-as-a-Service infrastructure improves speed-to-market for financial institutions adding new digital services.
  • Visa makes strategic investment to support the deployment of Bankable’s solutions to Visa’s clients and partners.

LONDON, UK – 30 April 2019 – Bankable, the global provider of “Banking as a Service” solutions, today announced a strategic partnership with Visa (NYSE: V) to enable financial institutions and banks to access real-time and modular banking solutions worldwide. Visa has also made a financial investment in Bankable.

The partnership will allow Visa members to obtain access to Bankable’s platform to help them deploy digital banking and real-time payment services. The ability to use the platform alongside existing IT and operational landscape facilitates a short time to market. With its extensive integrated partners’ ecosystem, Bankable can support and seamlessly orchestrate global payment services, leveraging VisaNet to extend its existing international payment and banking solutions.

Bankable enables innovation without disruption as its platform does not interfere with established systems and allows clients to replicate and orchestrate their processes and operating requirements. A recurring challenge for banks, corporate entities and FinTechs is access to digital solutions, and technology that provides flexibility for them to rapidly iterate. Bankable’s platform addresses these challenges with its flexible model, allowing organizations of all sizes to operate digital banking services with no disruption to their systems and processes.

Eric Mouilleron, CEO and Founder of Bankable, said: “Bankable is proud to join the Visa global family. We are already at work with Visa’s existing partners. Visa’s support of Bankable’s vision, team and technology means a lot to us. We also found a strong cultural alignment with Visa in terms of business approach, speed and appetite to partner with clients to deliver the banking of the future. In addition to Europe, we will open three markets in the next 12 months (North America, Latam, MENA) to leverage relevant opportunities globally and help our European and US fintech clients expand.”

“Visa’s investment in Bankable is another example of the strategic partnerships we are making in companies to help clients deliver improved customers experiences faster and easier than ever, “said Bill Gajda, global head, strategic partnerships and innovation, Visa. “The ecosystem is growing and innovating at the speed of light, and the Banking-as-a-Service model enables financial institutions and fintechs to be more agile in this ever-changing market. Our strategic partnership with Bankable will support our clients as they continue to adapt to an evolving landscape.”

Zelig Associates advised Bankable on the transaction.

-ends-

 

Notes to Editors:

For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com  / 020 3948 6034

Renny Popoola at Visa

renny.popoola@visa.com / 020 7795 5256

 

About Bankable:

 

Bankable is a global digital core banking platform and Banking as a Service provider. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time to market.

Bankable provides an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services. 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 and Partner’s Ecosystem to deploy digital banking and payment services and generate new revenue opportunities.

Our motto: “quick time-to-market”

Bankable has successfully delivered projects for demanding tier-1 banks and FinTechs for the last eight years. Bankable’s rapid 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.

More information on www.bnkbl.com