Bankable’s Virtual Ledger Manager makes Global Finance Magazine’s ‘The Innovators 2016’ list for Transaction Services

New York/London – Bankable’s Virtual Ledger Manager solution has been recognised by Global Finance in their 2016 list of ‘The Innovators’ in Transaction Services.

Bankable shares this honour alongside established financial institutions. Amongst the 24 companies selected worldwide are 20 transaction banks and 4 technology enablers – including 3 in Europe (B2 Group, Basware and Bankable) and 1 in the United States (Ripple).

Such recognition facilitates in communicating our vision of continuously innovating our flexible propriety platform to provide innovative payment solutions, along with maintaining world-class technological standards for all our clients.

Bankable’s Virtual Ledger Manager (VLM) is an innovative virtual account solution enabling enhanced treasury management reconciliation for global corporates, insurers and financial institutions. The solution automates the reconciliation of inbound and outbound payments via virtual accounts – each identified by a unique virtual IBAN or reference number. VLM provides centralised access to corporate funds, allowing a company to mirror its internal organisational structure while controlling and streamlining its information and payment flows.

Much is being gained in speed and efficiency, but applications that improve information flows, thus enabling smarter decision-making, will ultimately deliver the greatest value,” commented Joseph D. Giarraputo, publisher and editorial director of Global Finance.

Bankable’s Virtual Ledger Manager is such a solution – delivering efficient, cost-effective and robust payment solutions.

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

The full list of The Innovators 2016 –

https://www.gfmag.com/media/press-releasess/global-finance-names-innovators-2016

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About Bankable

Bankable is a global architect of innovative payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling anyone to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic card programmes, and e-wallet & light banking solutions.

Our key competitive advantage lies in our technology, where our virtual account management platform is core to the broader payment services that we enable. We provide a full turnkey solution depending on your business needs, via a single multi-channel platform. We are connected globally to multiple sponsor banks, processors, card manufacturers and other suppliers in the payments ecosystem, and also provide programme management services – enabling us to deliver an end-to-end solution for corporate and consumer payment programmes.

Bankable in the Global FinTech 100 List by KPMG and H2 Ventures

Bankable has been featured amongst “The Emerging FinTech Stars of Tomorrow” in the Leading Global 100 FinTech Innovators List by KPMG and H2 Ventures. The list is the result of a global search and includes 40 companies from the Americas, 20 companies from EMEA, 18 companies from the UK and 22 from the Asia-Pacific region. Read KPMG’s press release here.

Mark Davey, Ex-Executive VP of FIS’ international business, joins Bankable’s board

London – Bankable is pleased to welcome Mark Davey, previously Executive Vice President for the International Financial Institution (IFI) market at Fidelity Information Services (FIS), as a board member and equity investor. FIS Global is the world’s largest technology and services provider, with over 14,000 clients in around 110 countries. In 2014, FIS topped the IDC Financial Insights FinTech Rankings’ fourth year in a row.

Mark brings with him an extensive experience in the area of global financial solutions. “Mark’s global leadership, track record and strategic experience will be instrumental in Bankable’s growth and international expansion,” said Eric Mouilleron, Founder and CEO.

Mark decided to retire from FIS recently to pursue a non-executive portfolio career in order to be able to focus more his personal philanthropic and charitable interests, including his personal foundation. Mark has selected Bankable as one of only a few Financial Technology companies that he will be involved with. “Bankable is a fascinating organisation with huge potential to grow and become a meaningful player in the provision of exciting new technology in the payments area. Their solutions are innovative and well-crafted, whilst the company is driven by an experienced and enthusiastic team. I am delighted that Eric has invited me to join the board and look forward to the opportunity to use my industry experience to help deliver on their ambitions.”

At FIS, Mark was responsible for all aspects of global performance of FIS in EMEA, Asia, Australasia and Latin America/Caribbean markets. Under Mark’s leadership, FIS established a presence outside of North America and grew its IFI business from a 300 person, $90M business in 2004 into a global powerhouse with more than $1.2B in revenue and over 15,000 staff.

Prior to this position, Mark served as the group managing director of the company’s EMEA International division. Mark has over 20 years of experience in the IT and banking industries and has held a number of senior management positions. Prior to joining FIS in 2004, Mark held leadership roles including managing director of LANSA Europe, global sales director of Misys Retail Banking Systems and 11 years in several management positions at Unisys.

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About Bankable

Bankable is a global architect of innovative payment solutions for corporates, banks and retailers. Its solutions – including e-wallets, m-wallets, remittance services, P2P money transfers and prepaid card programmes – are available in the form of white-label self-service platforms as well as via APIs. Their proprietary software assets help organisations streamline their payment processes while unlocking new revenue opportunities. While banks and retailers can quickly launch new corporate or retail financial products, their “Banking as a Service” approach enables any organisation with a large customer base to offer light banking services to their customers. For more information, visit www.bnkbl.com and follow @wearebankable on Twitter.

Bankable amongst the founding 50 members at Innovate Finance

London – Bankable secured its spot amongst the founding 50 members at Innovate Finance, a new industry body established for the UK financial technology industry. The vision of Innovate Finance is for the UK to become a global leader in FinTech and Bankable wishes to stimulate cooperation amongst Innovate Finance members to help create world class solutions and set standards within the London FinTech community. Bankable will contribute as one of the voices for FinTech companies to fuel the much needed evolution in government policies and play a part in leading the UK FinTech industry on a global stage. Read more in Innovate Finance’s press release here.

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About Bankable

Bankable is a global architect of innovative payment solutions for corporate, banks and retailers. Its solutions – including e-wallets, m-wallets, remittance services, P2P money transfers and prepaid card programmes – are available in the form of white-label self-service platforms as well as via APIs. The proprietary software assets help organisations streamline their payment processes while unlocking new revenue opportunities. While banks and retailers can quickly launch new corporate or retail financial products, their “Banking as a Service” approach enables any organisation with a large customer base to offer light banking services to their customers. For more information, visit www.bnkbl.com and follow @wearebankable on Twitter.

About Innovate Finance

Innovate Finance was launched on August 6, 2014 by the Chancellor of the Exchequer, the City of London Corporation and the Canary Wharf Group at Level 39, Europe’s largest FinTech accelerator. Innovate Finance is an independent membership-based industry organisation that aims to advance the UK’s standing as a leader in financial technology (FinTech) innovation – both domestically and abroad. Members range from the world’s leading global corporations to the UK’s most promising FinTech start-ups and, through Innovate Finance, will receive a single point of access to policymakers, regulators, investors, customers, educators, talent and key commercial partners.

Cards Prepaid rebrands to Bankable

London – Cards Prepaid is rebranding to Bankable today to shift focus from prepaid cards as a means of payment to the company’s mission of providing “Banking as a service”. Banks, brands and governments can launch financial services quickly, while corporates can streamline their payment processes through Bankable’s proprietary payment platforms.

The name positions the company as an established partner with reliable technology for its clients. Additionally, the new logo symbolises a gear mechanism that emphasises the idea of uninterrupted performance and continuous innovation provided by Bankable to its clients and partners.

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About Bankable

Bankable is a global architect of innovative payment solutions for corporate, banks and retailers. Its solutions – including e-wallets, m-wallets, remittance services, P2P money transfers and prepaid card programmes – are available in the form of white-label self-service platforms as well as via APIs. The proprietary software assets help organisations streamline their payment processes while unlocking new revenue opportunities. While banks and retailers can quickly launch new corporate or retail financial products, their “Banking as a Service” approach enables any organisation with a large customer base to offer light banking services to their customers. For more information, visit www.bnkbl.com and follow @wearebankable on Twitter.

Deutsche Bank Launches Corporate Prepaid Card in Europe

Deutsche Bank has launched the DB corporate prepaid card, a pre-funded payment card, which it is promoting as providing a more convenient corporate payment method replacing cash, cheques and vouchers. The card is available to clients across the European Economic Area (EEA) for global use wherever MasterCard is accepted. It is developed in conjunction with Cards Prepaid, a European programme manager specialising in the design and delivery of prepaid card solutions.