Bankable Opens Middle East & Africa Hub in Dubai

• Bankable and Visa announce strategic collaboration within the CEMEA region.
• Bankable opens an office at the Dubai International Financial Center.
• The office will serve 50+ markets in the Middle East & Africa region.

Dubai, United Arab Emirates – November 25th, 2019 – Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions’, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA. To accommodate this collaboration, Bankable is opening an office at the Dubai International Financial Center (DIFC), which will be Bankable’s Middle Eastern hub.

Bankable’s presence in Dubai will allow the company to engage with the Dubai International Financial Centre, the leading financial centre of the Middle East, Africa and South Asia, comprised of more than 2.000 active registered firms. Bankable will complement and address the already strong fintech ecosystem in the region. The company will look to foster partnerships that enable faster time-to-market and relevant digital banking initiatives.

“Our decision to invest in Dubai is a natural extension for us. Bankable has served prestigious global clients headquartered in Dubai for the last three years. Following our global partnership in April 2019 with Visa, Bankable is committed to increase its alignment with Visa. Not only is Dubai home to global head offices and Visa’s CEMEA base, but some of our existing clients in Europe and North America are now looking to expand in the region. We will be able to support our clients directly and Visa’s CEMEA financial institutions members as well as provide European and US access to UAE based organisations.” said Eric Mouilleron, CEO and founder of Bankable. “Partnering hand in hand with the DIFC, Bankable has the ambition to design, federate and operate a fintech magnet supported by pre-approved regional bank sponsors to facilitate the onboarding of global scaleups and contribute to strengthen the DIFC ecosystem.”

Otto Williams, VP Head of Strategic Partnerships, Fintech & Ventures CEMEA at Visa, said, “Our recent ’Stay Secure’ survey revealed increased preference for digital payments among consumers in the UAE and other key markets in the region. That and the efforts of visionary governments to develop connected cities make it a very exciting time for Visa, as an enabler of the payments ecosystem, to be bringing in new players like Bankable. Our strategic partnership with Bankable represents a great opportunity to further accelerate digital payments innovation in the region, and we look forward to bringing this partnership to our fintechs and bank clients to deliver innovative consumer experiences.”

Salmaan Jaffery, Chief Business Development Officer, DIFC Authority said: “We are delighted to welcome Bankable to the DIFC. Bringing efficiency to the payments industry is a critical piece of DIFC’s FinTech strategy, which provides firms a critical platform for innovation amid the world’s largest remittance corridors.
Investment in FinTech in our region is twice the rate globally so we will continue to support the ‘Banking as a Service’ model pursued by Bankable.
Jaffery added: “Not only will Bankable enjoy being strategically located in the 8th ranked financial centre globally, but DIFC will also provide Bankable access to an international network of strategic partners and financial institutions, reinforcing the DIFC’s commitment to the Future of Finance.”

-ends-

Notes to Editors:
For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com / +44 20 3948 6034

About Bankable:
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.

About Visa Inc.:
VISA Inc. (NYSE: V) is the world’s leader in digital payments. The company’s mission is to connect the world through the most innovative, reliable VISA’s secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VISANet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, VISA is applying their brand, products, people, network and scale to reshape the future of commerce.

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

Bankable Appoints Former Credit Suisse Managing Director as Head of Special Projects

London, July 20, 2018 – Bankable is pleased to welcome Chris Tribelhorn as Head of Special Projects, reporting to Bankable COO Richo Strydom. Chris is a seasoned financial technology executive who brings with him more than 20 years of technology and investment banking experience and expertise, having specialised in derivatives products and trading / regulatory risk management.

Chris most recently served as Managing Director, Global Head of Derivatives and Risk Technology at Credit Suisse where he led a global organisation of 700 staff across 6 cities delivering derivatives, risk and P&L technology solutions across the Credit, Rates, and Equities asset classes. In this role, he shaped the technology strategy for these key areas of the investment bank, helping govern the sizable change investment and manage the operational risk.

Prior to Credit Suisse, Chris held several senior technology leadership roles at Deutsche Bank AG, where he worked for 10 years. Initially joining to help build out their Structured Credit Derivatives franchise, he later formed a single risk management technology function spanning the wider investment banking division where he formed a strategy unifying the quantitative analytic libraries and risk management platforms.

Prior to Deutsche Bank, Chris was an alumni of Valtech Ltd (a global leading-edge technology consultancy co-founded by Bankable’s founder and CEO, Eric Mouilleron) where Chris held the role of Principal Consultant. Chris played a major role at Valtech leading some of the key project delivery engagements that they had at the time initially with EDS, and also T-Mobile and UBS.

Chris’s impressive track record and professional working partnership with Bankable’s founder Eric and its COO Richo will be monumental to Bankable.

“Richo joined as Bankable COO in January 2017. He was Bankable’s first ‘boomerang’, meaning someone I have recruited in the past. Chris is our second boomerang, coming back 15 years later to accelerate global strategic initiatives and scale teams globally. It is a pleasure to be working with him again. As Bankable continues to expand rapidly, his contribution will be integral to Bankable’s future success. Other boomerangs will follow…” said Eric.

Chris quoted: “I am very excited to play a pivotal part in this vibrant and dynamic team helping strengthen and grow our Bankable platform. I appreciate that the role is very hands-on and delivers key features and capabilities directly to our current and future clients. And its quite refreshing to be working so closely with Eric and Richo again after so many years!”, said Chris.

As Head of Special Projects, Chris will be responsible for driving some key initiatives that will help Bankable meet the diverse requirements of its targeted industry verticals. His initial focus will be on building out our foreign-exchange trading capabilities and to design a new interface for our clients to interact with our world-leading payments platform.

 

About Bankable

Bankable is an enabler of innovative, global payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling any regulated or non-regulated organisation to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic prepaid card programmes, and e-wallets & light banking solutions. Our client base ranges from global corporates, banks and insurers, to SME’s and Global FinTechs who use our platform to streamline their payments processes and generate new revenue opportunities.

For more information, please contact: hello@bnkbl.com

W: www.bnkbl.com

@wearebankable

 

Bankable partnering with Starling Bank and Transact Payments Ltd to deliver a full-service payments infrastructure

Bankable has partnered with Starling Bank and Transact Payments Ltd to provide a compelling, real-time full-service payments platform to ambitious cross-border challenger bank initiatives, originated by corporates, banks, insurance companies or FinTech’s.

Bankable initiated the partnership with Starling Bank and Transact Payments Ltd to be able to deliver a unique, real time full service payments platform to its clients, through only one contract.

Bankable, PCI-DSS Level 1 service provider and ISO 27001 certified, provides the technology platform and a full-service infrastructure, which makes access to the payments instruments possible. Bankable offers a suite of tools to deliver sophisticated white label solutions and a state of the art API, allowing clients to harness the full power of payment accounts, fully integrated to their existing software. Starling Bank provides access to the Faster Payment Scheme, BACS and Settlement services. Through Transact Payments Ltd, Bankable leverages their Electronic Money Institution licence to support the regulated aspects of financial services and support for the debit products.

This three-way partnership allows Bankable to offer more nuanced and homogenised services to their clients. Bankable are now able to provide indirect access to the wider banking network in United Kingdom, though provisioning of dedicated or multi tenanted banking accounts.

“We’re proud to have two great partners in Starling Bank and Transact Payments Ltd that allows Bankable to offer a real time full service payments platform to our clients. This is a true partnership that is beneficial to all partners and it puts us in an even better position to increase our market share and continue our growth journey. Bankable’s Banking as a Service enables our customers to focus on their brand, distribution and client acquisition instead of reinventing the “infrastructure wheel”. With accelerated time to market and faster revenue generation, Bankable customers increase the value and attractiveness of their business”, Eric Mouilleron, CEO and Founder of Bankable.

“Starling Bank’s work with Bankable and Transact Payments and its provision of real-time access to Faster Payments, together with safeguarding accounts, brings Banking as a Service to life together with Safe Guarding Accounts. In time, as our partnership progresses we will include BACS and access to the Single Europe Payments Area providing, the full suite of payments across both the UK and Europe.”  Julian Sawyer, COO at Starling Bank

“This latest partnership demonstrates Transacts Payments flexible and innovative approach to payment solutions, supporting this exciting new development with Bankable. We are excited to be working with both organisations with this project” Kriya Patel, Managing Director of Transact Payments.

About Bankable:

Bankable is a global provider of “Banking as a Service” solutions. Our digital banking platform is available in white-label or via APIs enabling any financial institution, fintech or corporate to deploy a full array of digital banking services, including but not limited to: account services, mobile banking, domestic and international payments, real-time clearing solutions, FX services, e-wallets, and virtual & plastic card programmes and processing.
Bankable also provides access to major clearing systems such as SEPA STEP 2 & TARGET 2, UK Faster Payments & BACS, and SWIFT.

Eric Mouilleron is the founder and CEO of Bankable, headquartered at Level 39, Canary Wharf, London.

More information on www.bnkbl.com

About Transact Payments Ltd:

Transact Payments Limited (TPL) is a licensed European e-money Institution providing payment solutions to partners across the world and from different industries and sectors.

TPL is a regulated and authorised by the Gibraltar Financial Services Commission and is a Principal Member of both Mastercard® and Visa® providing European BIN sponsorship and modular payment, debit and prepaid services. Our licenses have been successfully Passported into EU and EEA member states enabling the issuance of prepaid card programs across Europe.

We offer secure, flexible and innovative payment and card solutions.

For more information please visit www.transactpaymentsltd.com

About Starling Bank:

Starling is a completely different kind of bank, launched in May 2017 and based in London. In retail banking it offers a mobile-only current account on Android and iOS that can be set up in minutes. It also has a free and straightforward business account. In addition, the Starling Marketplace allows customers to access to a wide range of financial products through its app.

Starling is a fintech business with a banking licence, fully regulated by the Financial Conduct Authority and Prudential Regulation Authority, and granted a banking licence by the Bank of England in July 2016. It is directly connected to major payment schemes, including Faster Payments and MasterCard.

For more information please visit: www.starlingbank.com

Ditto Bank, the new French bank dedicated to customers without borders, selects Bankable to provide API access to the UK Faster Payment Scheme

Ditto Bank, “the Bank that travels with you”, is a new generation French bank with global ambitions that offers a unique multi-currency model. Ditto Bank holds its own banking license and manages to combine the reliability of a bank with the flexibility of a FinTech. Designed for those who need access to multiple currencies on a regular basis (frequent travellers, expatriates, online shoppers, etc), Ditto Bank customers can use their app to open current accounts in different currencies, manage their money, make transfers and complete foreign exchange transactions, all from a mobile app created for and with the customer, who always remains at the centre of a seamless experience.

Ditto Bank was launched in Paris on February 15, 2018. Two weeks after the launch, Bankable is selected to provide Ditto with real time API access to the UK Faster Payment scheme. This allows every Ditto customer to have a UK Sort Code and Account Number from which they can send and receive GBP payments to and from other UK bank accounts. A step in the right direction to help Ditto towards their ambition of becoming a borderless bank.

“We chose Bankable among other candidates to access UK Faster payment via API, says Sylvain Pignet, founder and CEO of Ditto Bank. We are committed to promote and leverage open banking. Bankable’s prices were competitive but we also felt both organisations were culturally aligned. This partnership with Bankable is a first step, other joint projects may follow.”

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. Apart from access to the UK Faster Payment scheme, Bankable is currently also providing access to SWIFT, SEPA STEP2, TARGET2 and soon SEPA Instant Payments. Bankable’s platform enables customers to focus on their brand, distribution and client acquisition instead of reinventing the “infrastructure wheel”. With accelerated time to market and faster revenue generation, Bankable customers increase the value and attractiveness of their business.

“We are very excited to partner with Ditto Bank, says Eric Mouilleron, founder and CEO of Bankable. Ditto has an original vision, a strong management team and prestigious financial backers (UAE Exchange and Travelex). Travelex has always been an inspiration for me. Prior to founding Ditto, Sylvain Pignet was Group Company Secretary of Travelex Group, working along Lloyd Dorfman, CBE, Travelex Group founder, to build the world’s largest retailer of foreign exchange. Given Sylvain’s vision and track record and the quality of Ditto’s management team and backers, we believe that Ditto Bank will become a dominant player.”

About Bankable:
Bankable is a global provider of “Banking as a Service” solutions. Our digital banking platform is available in white-label or via APIs enabling any financial institution, fintech or corporate to deploy a full array of digital banking services, including but not limited to: account services, mobile banking, domestic and international payments, real-time clearing solutions, FX services, e-wallets, and virtual & plastic card programmes and processing.
Bankable also provides access to major clearing systems such as SEPA STEP 2 & TARGET 2, UK Faster Payments & BACS, and SWIFT.
Eric Mouilleron is the founder and CEO of Bankable, headquartered at Level 39, Canary Wharf, London.
More information on www.bnkbl.com

For more information about Bankable:
Sofia Bressler | Head of Marketing and Communication | +44 203 725 7653

About Ditto Bank:
Ditto Bank is the first digital bank dedicated to currency management. Using the Ditto app, the customer can create multiple accounts in different currencies, all linked to a unique Mastercard Gold card, allowing them to make payments, withdrawals and transfers all over the world at no additional cost. Whether the client is an expatriate, a cross-border business traveller or simply a tourist, it is now very easy and transparent to manage their currencies abroad. The €9.90 monthly subscription includes all the account management fees and the exchange margin will not exceed 1% of the transaction amount. Sylvain Pignet is the founder and CEO of Ditto Bank, part of a credit institution ruled by the French Prudential Control and Resolution Authority.
More information on www.dittobank.com

For more information about Ditto Bank:
Jiwon Kim | Head of Marketing and Communication | +33 (0)1 75 60 05 65
Amélie Gillot | PR Consultant | +33 (0)1 44 82 54 56

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
@wearebankable

For more information, please contact:
BANKABLE: hello@bnkbl.com

Bankable partners with Arkea Banking Services to power Agency Banking

May 17, 2017 – Paris – Bankable signed a direct strategic partnership with Arkea Banking Services, a European white-label banking pioneer, to power Agency Banking solutions as an additional layer to the Bankable product portfolio. Arkéa Banking Services will provide Bankable’s API banking Platform as a Service access to Euro payment rails – for both retail payments and real-time large-value payments.

Arkéa Banking Services, owned by France-based Credit Mutuel Arkea, will provide its principal member access solution to Bankable – empowering Bankable’s clients with access to Step 2 and Target 2 Euro clearing systems along with the ability to deploy local IBANs* on their own BIC (sort code) in most European countries.

Bankable’s proprietary API based Banking as a Service platform provides turnkey solutions for Challenger Banks with account/card issuance and management, transaction processing, as well as compliance and ancillary services.

The Bankable-Arkéa Banking Services partnership empowers Challenger Bank initiatives originated by Incumbents or FinTechs 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.

Christophe Bitner, President of the Executive Board of Arkea Banking Services, commented: “We are very excited to partner with Bankable. As a pioneer in white-label banking services, we are thrilled to onboard new FinTech and Incumbents via Bankable. This strategic partnership also fuels our white-label cross-border development strategy in Europe.”

Eric Mouilleron, Bankable’s CEO and founder commented: “We met Ronan Le Moal the CEO of Crédit Mutuel Arkea and his team in 2010, the year Arkea Banking Services was launched. Over the years, we have fostered mutual respect between our two organisations as we both provide white-label infrastructure solutions. Arkea Banking Services connects our API banking platform to Euro payment rails both for retail payments (SEPA credit transfers and direct debits via STEP2) and real time large-value payments (via TARGET 2) engines. As a team, we are now changing speed to welcome and serve the most ambitious FinTech or Incumbents to leverage both Bankable and Arkea Banking Services platforms.”

* The IBAN (International Bank Account Number) is a unique number that identifies a bank account regardless of the bank or country in which this account is held. This standard effectively facilitates cross-border transfers.


About Arkea Banking Services

A subsidiary of the Credit Mutuel Arkéa co-operative banking group, Arkéa Banking Services provides tailored solutions for financial institutions in France and Europe.

Founded in 2010, Arkéa Banking Services is a pioneer in white-label banking services and has become a benchmark player for outsourcing IT systems and banking processes. In today’s environment of financial institutions’ transformation, Arkéa Banking Services draws on the unique adaptability of its approach to underpin the transformation of its clients.

Arkéa Banking Services’ customers include payment institutions (such as Brink’s, Compte Nickel), Allianz Banque for its core banking service, RCI Banque for its Zesto savings account, PSA Banque for its Distingo passbook savings account, and La Banque Postale Crédit Entreprise for the back office processing of medium- and long-term credit for businesses.

For further information, see www.arkea-banking-services.com
@ArkeaBS

About Crédit Mutuel Arkéa
The Crédit Mutuel Arkéa Group encompasses the Crédit Mutuel federations of Brittany and the South-Western and Massif Central regions of France, as well as around twenty specialized subsidiaries (Fortuneo, Monext, Arkéa Banque Entreprises et Institutionnels, Financo, Federal Finance, Suravenir, etc.). With nearly 9,000 employees, 3,500 administrators, 3.9 million shareholders and customers in banking and insurance, Crédit Mutuel Arkéa ranks among the leading financial institutions headquartered regionally.

For further information, see www.arkea.com
@cmarkea


About Bankable

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
@wearebankable

For more information, please contact:
CREDIT MUTUEL ARKEA: Florence Eckenschwiller – florence.eckenschwiller@arkea.com (02 98 00 91 01)
BANKABLE: Rashee Pandey, Marketing and Communications Manager – E: rp@bnkbl.com

Bankable Appoints Former Credit Suisse Director as New COO

London – Bankable is pleased to welcome Richo Strydom as its new Chief Operating Officer (COO). Richo is a seasoned financial technology industry executive who brings with him more than 16 years of experience and expertise. He most recently served as Chief Technology Officer (CTO) for Solutions and Risk at Credit Suisse where he was responsible for technology strategy, governance and operational risk. He previously held several senior technology management roles at Deutsche Bank AG. He worked within the Investment Banking division and built a global team of 150 staff in 6 cities delivering Risk and P&L technology across Credit, Rates, Equities and Emerging Markets. He eventually moved on to become CTO for Global Wealth Solutions.

Prior to Deutsche Bank, Richo was CTO and Deputy Managing Director of Valtech Ltd (a leading-edge technology consultancy co-founded by Bankable’s founder and CEO, Eric Mouilleron). Richo played a key role in scaling the 16-people team in London to over 120 within 18 months. His leadership was fundamental in transforming Valtech into a global delivery organisation with an additional nearshore and offshore capability in Texas and Bangalore.

Richo’s impressive track record and professional working partnership with Bankable’s founder Eric will be monumental to Bankable.

It is a pleasure to be working with Richo again. Richo has built and scaled teams globally. He has delivered enterprise scale software solutions within the finance industry, media and the UK Government. As Bankable is experiencing exponential growth, Richo’s contribution will be integral to Bankable’s future success,” said Eric.

Richo said, “Bankable is a disruptive fintech company with a unique and innovative product offering that delivered over 200% growth in 2016. I am thrilled to join this vibrant team and to take Bankable to the next level. Besides, it is great to be working with Eric again.”

As COO, Richo will be responsible for business operations, product development, architecture and implementation. His initial focus will be supporting Bankable’s growth by expanding the team, and developing a scalable and flexible delivery organisation of highly skilled resources to meet the diverse requirements of Bankable’s targeted industry verticals.

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About Bankable

Bankable is an enabler of innovative, global payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling any regulated or non-regulated organisation to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic prepaid card programmes, and e-wallets & light banking solutions. Our client base ranges from global corporates, banks and insurers, to SME’s and FinTechs who use our platform to streamline their payments processes and generate new revenue opportunities.

Bankable’s Proprietary Platform Highly Commended for Digital Banking by Juniper Research

London – Juniper Research recognised Bankable’s technology as a Highly Commended System Solution for Digital Banking in their Future Digital Awards.

Bankable was judged Highly Commended for its ‘Banking as a Service’ offering, made available via APIs or as a white-label solution to the banking and payments sector. Bankable’s innovative solution enables banks to fast track the introduction of their online and mobile platforms, and clients are able to deploy the company’s solutions more quickly,” commented Nitin Bhas, Head of Research at Juniper Research.

Bankable’s Founder and CEO, Eric Mouilleron, said “We are honoured to have received such a coveted award by Juniper Research, given its prestige and reputation. It is great to have our technology recognised for its flexible payment offerings, and to showcase our solutions to our colleagues in FinTech along with large, global players – as our proprietary platform’s flexibility suits a range of verticals.”

The Bankable platform enables the launch of a digital bank from scratch with IBAN accounts, payment cards, and access to payments schemes including Faster Payments, SEPA, and SWIFT. It can also power a range of other payment solutions including cloud-based virtual account solutions for financial institutions (for example), and payment card programmes for both corporates and consumers.

Bankable’s innovative platform got it featured as a “Challenger” in Juniper’s Leaderboard as well in the FinTech Futures report, which maps innovative FinTech solutions (as Illustrated on the next page).

Read Juniper’s Future Digital Awards press release here.

Read Bankable’s feature and profile on Juniper’s Leaderboard in the FinTech Futures report here.

Read the FinTech Futures report by Juniper here.

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About Juniper

Juniper Research is acknowledged as the leading analyst house in the digital commerce and FinTech sector, delivering pioneering research into payments, banking and financial services for more than a decade.

About Bankable

Bankable is an enabler of innovative, global payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling any regulated or non-regulated organisation to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic prepaid card programmes, and e-wallets & light banking solutions. Our client base ranges from global corporates, banks and insurers, to SME’s and FinTechs who use our platform to streamline their payments processes and generate new revenue opportunities.