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.

Pascal Boris CBE joins Bankable’s Board

London – Bankable is pleased to announce that Pascal Boris has become an investor in Bankable and has joined its board of directors.

Pascal has been an independent non-executive director of Grant Thornton International Ltd since 2012. He chaired the supervisory board of Bank Insinger de Beaufort N.V. in Amsterdam from 2010 to 2015.

He is a former international bank CEO with a strong track record in strategic development, change management, acquisitions and restructuring. His 40 year career with The Chase Manhattan Bank, Paribas and BNP Paribas spanned across corporate and investment banking, risk management, capital markets and wealth management in the USA, France, the UK and Switzerland.

Pascal’s track record and extensive experience in financial services globally will be pivotal in shaping, developing and nurturing Bankable’s strategic partnerships with global financial institutions,” said Eric Mouilleron, Founder and CEO.

When asked why Pascal chose to invest in Bankable he said, “I was attracted by Eric’s track record as an entrepreneur and by the team of energetic and creative professionals he has assembled at Bankable. The ever growing list of prestigious institutional and corporate clients using Bankable’s highly innovative payment solutions provides strong evidence of the relevance and quality of Bankable’s offering.”

Outside of his banking career, Pascal is also the joint founding President of le Cercle d’outre-Manche, the influential London-based think-tank. He is honorary President of the French Chamber of Commerce in Great Britain, having served as President from 2001 to 2007. He is also a Foreign Trade Adviser to the French Government since 2001, a Commander of the British Empire (CBE) and an Officier de la Légion d’Honneur.

I am delighted to have been invited to join the board. I look forward to contributing to Bankable’s accelerating growth by strategically leveraging my banking experience and extensive professional network,” Pascal added.

Pascal is a graduate of HEC Paris, the New York University Stern School of Business and the London Business School.

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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 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.