A new strategic partnership between SaaS banking platform Mambu and Volante Technologies, a global provider of cloud payments, will help banks and lenders to modernise their banking and payments infrastructures.
The integration will allow joint customers to implement payment functionalities faster than traditional vendors, without the need to remove or replace legacy systems, according to Mambu.
Through the partnership, financial institutions will be able to launch new solutions with different payments capabilities, such as wire, ACH, SEPA, real-time and cross border payments.
Kevin Trilli, Mambu’s chief product officer, said: “The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels.
“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.”
John Farrell, SVP global product management at Volante Technologies, called the strategic partnership “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,” Farrell said.
Trilli added: “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.”