- Volante Technologies and Mambu – both leaders in the fintech space – have announced that they will work together to provide improved payment infrastructure services to financial institutions such as banks.
- The two organisations will provide a range of services, including wire transfers, instant transfers, and more.
- “Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers,” said a senior figure at Mambu.
Two operators in the fintech space have confirmed that they will be offering a new online money transfer partnership to help enhance banking infrastructure systems.
Mambu, which is a Software as a Service (SaaS) banking platform, and Volante Technologies, which is a financial messaging system, said that they will be working together on the project.
The project will give financial institutions such as banks the opportunity to bring their payment systems into the modern age.
The collaboration will see the introduction of services including wire transfer and real-time cash transfers.
The companies will also provide compatibility with transactions in the Single Euro Payments Area (SEPA).
The same goes for US-based ACH payments.
International money transfers will also be included.
Volante’s software package will be brought together with Mambu’s through the latter’s application programming interface (API) focus.
In a statement, the chief product officer at Mambu said that the new arrangement will help bring about improved payment functionalities.
Kevin Trilli said that it will help boost “solutions across all banking channels”.
“The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels,” he said.
He went on to say that the two organisations were focused on improving the offer of digital technology for a better time in the future.
“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,” he explained.
He also said that clients of the new service will be able to set it up and get it operating within just a few hours.
“Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers,” he said.
For Volante, the senior vice president for Global Product Management said that the company perceived the new arrangement to be a big deal.
John Farrell explained that two of the core elements of the new offer had already shown themselves to be disruptors.
“We see this strategic partnership as transformational for the industry. SaaS is a game-changer for core banking,” he said.
“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.”
To get more details on what’s happening in the cross-border payments industry and also on what’s available in terms of services, just go over to our reviews pages and get the details you need.
