European retail online bank Moneyou has announced today that it will be diversifying its portfolio to leverage Level 39 payments service provider Bankable’s multi-wallet and multi-card technology to target millennials in the Netherlands and in Germany. Moneyou understands the changing needs of the customer in a unique way and is continuously improving their products and services to meet these needs. Branded the friendliest fintech to incumbents, Bankable is renowned for its rapid implementation and in turn, the ability to generate revenue at a faster rate.
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Bankable’s Banking as a Service platform powers Moneyou BV, the fully digital consumer subsidiary of ABN Amro. The service is now opened to selected customers in the Netherlands.
Moneyou is a financial service provider launched by ABN AMRO under a separate brand in 2001 and active in 4 countries in the EU. Moneyou provides savings accounts to more than half a million customers and is now diversifying its offering by leveraging Bankable’s latest generation multi-wallet and multi-card technology to launch a full product portfolio targeted at millennials in the Netherlands and in Germany.
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Les Echos, France’s leading financial news paper, highlights Bankable’s Banking as a Service platform powering of ABN AMRO Bank’s fully-digital consumer subsidiary, Moneyou.
“Encore balbutiante en Europe, la distribution de briques de services bancaires par des jeunes pousses de la finance passe un cap. Ce ne sont plus seulement d’autres fintech désireuses de croquer des parts de marché plus rapidement qui se montrent intéressées : les banques européennes, elles-mêmes, signent désormais aussi des partenariats avec ces nouveaux spécialistes de la « banque Lego ». Moneyou, filiale d’ABN Amro spécialisé dans l’épargne, va ainsi annoncer ce mardi la signature d’une alliance avec Bankable. Cette jeune pousse britannique a vocation à fournir un compte courant aux 500.000 clients détenteurs d’un produit d’épargne chez Moneyou aux Pays-Bas, en Allemagne, en Belgique et en Autriche. « Avec ce partenariat, nous n’accédons pas seulement à un produit de banque au quotidien centré sur le paiement. Nous allons bénéficier d’une plate-forme bancaire très agile, qui va nous permettre de construire avec Bankable des services adaptés aux nouveaux besoins de nos clients », se félicite Liesbeth Rigter, directrice générale de Moneyou.”
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As a founding member of Innovate Finance, Bankable contributed in the Open Banking Industry Sandbox report and provided the viewpoint of new, smaller players in FinTech to propel innovation in the industry. Read “Our Two Cents on an Industry Sandbox” by our Founder and CEO Eric Mouilleron.
Les Echos, France’s leading financial newspaper, highlighted Bankable’s Banking as a Service solution amongst their top three picks for the next generation banking providers. The description translates to the below:
Founded in 2010 and backed by Raphaels Bank’s banking license, this new startup is part of a prepaid card issuance programme to become an open platform for white-label banking services to next-generation banks, telecom players and banks themselves. Deutsche Bank and Spendesk (a FinTech firm) are amongst its customers. Bankable’s ambitions also include assisting governments to tackle financial inclusion.
For the full article in French, click here.
Eric Mouilleron, Founder and CEO, presented the advantages of an agile approach when working with global banks and open APIs at Cloud Expo Europe as a panellist during the “Collaboration via Open APIs” panel. Eric elaborated on the desire behind the Open APIs approach and the opportunities it brings for joint innovation with incumbent banks. The event’s finance and FinTech agenda was designed by FinTech Circle and focused on Open API strategies to foster innovation in the industry. Learn more about the event here.
The World Savings and Retail Banking Institute (WSBI) held an Innovation Conference in Brussels where Bankable Founder and CEO, Eric Mouilleron, was invited as a panellist. The WSBI brings together savings and retail banks, representing the interests of 6,000 financial institutions in around 80 countries worldwide. The event’s theme “Gearing up for Digitisation – Bringing Retail Banking to the Digital Age” brought established financial institutions and start-ups together on the same platform. Eric highlighted the importance of digital innovation and working with global incumbents within the context of retail banking products and services in the digital age. “Being a client of banks is great!” Eric mentioned during the panel session. Moderating the panel was John Rega (Chief Correspondent for Financial Services at Mlex) and panellists included Jan-Olof Brunila, (Deputy Director, Group Cards at SwedBank), Frank Roessig (Advisor, Stellar), Dr. Joachim Schmalzl (Executive Member of the Board, DSGV), and Michael Stephan (Founder and COO, Raisin). More details on the event here.
Founder and CEO, Eric Mouilleron, was invited to present Bankable at Her Britannic Majesty’s Ambassador John Marshall’s residence in Luxembourg. The business breakfast revolved around around the relations between FinTechs and incumbent financial institutions, as well as FinTech policy and regulatory direction. Mr Phil Vilder, Head of Global Markets and International FinTech Lead HM Treasury, and Mr Matthew Alder, Policy Adviser for FinTech at HM Treasury also provided their expertise on regulation and FinTech at the business breakfast.
“In China, Fintech is dominant, owns the end client and incumbents have become the rails. Alibaba’s Ant Financial alone serves 450 million clients with 120,000 transactions per second,” said Eric Mouilleron at the World Economic Forum in Davos. Spot Eric at 4 minutes into his interview with Investr. Watch the interview here.
Innovate Finance invited Eric Mouilleron, Founder and CEO, to join the UK FinTech delegation at the World Economic Forum in Davos this year. With around 3,000 influencers invited from all around the world, it was an honour for Bankable to be representing the FinTech community at such a global platform. It was Bankable’s second consecutive presence at Davos WEF. Read more in Finextra’s post here.