Banking fintech Mambu and Volante Technologies, a specialist in cloud payments and financial messaging software, are integrating their solutions to help banks and lenders modernise their banking and payment infrastructures rapidly.
The strategic partnership will enable joint customers to speed up the delivery of innovative payment products and services without needing to rip and replace legacy systems, according to the companies.
“The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels,” explains Kevin Trilli, chief product officer at Mambu.
“Like Mambu, Volante provides digital technology solutions that equip institutions for future success. Together, we are making available a system that empowers all payment processors seamlessly within Mambu’s Payment Hub. Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers.”
Trilli adds: “The platform was possible because of a shared philosophy that a modern, low-code cloud architecture allows for scalability, cost-saving and agility. This will drive change and is an important step in making payments processing simpler and more accessible.”
John Farrell, senior vice president of global product management at Volante Technologies, comments: “We see this strategic partnership as transformational for the industry. SaaS is a game-changer for core banking. Payments as a service (PaaS) and low-code technology have proved equally disruptive in payments. By unifying the two, Volante and Mambu are creating a powerful Banking as a Service (BaaS) platform.”
“We believe this synergy, combined with our strong affinity in culture, values and style, will drive tight collaboration and co-innovation for the benefit of our joint customers.”