Bankable, the global provider of “Banking as a Service” solutions, has announced a strategic partnership with Visa to enable financial institutions and banks to access real-time and modular banking solutions worldwide.
Visa has also made a financial investment in Bankable.
The partnership will allow Visa members to obtain access to Bankable’s platform to help them deploy digital banking and real-time payment services.
Bankable enables innovation without disruption as its platform does not interfere with established systems and allows clients to replicate and orchestrate their processes and operating requirements.
A recurring challenge for banks, corporate entities and FinTechs is access to digital solutions, and technology that provides flexibility for them to rapidly iterate. Bankable’s platform addresses these challenges with its flexible model, allowing organisations of all sizes to operate digital banking services with no disruption to their systems and processes.
Eric Mouilleron, CEO and founder of Bankable, said: “Bankable is proud to join the Visa global family. Visa’s support of Bankable’s vision, team and technology means a lot to us.
“We also found a strong cultural alignment with Visa in terms of business approach, speed and appetite to partner with clients to deliver the banking of the future. In addition to Europe, we will open three markets in the next 12 months (North America, Latam, MENA) to leverage relevant opportunities globally and help our European and US Fintech clients expand.”
Bill Gajda, global head, strategic partnerships and innovation at Visa said: “Visa’s investment in Bankable is another example of the strategic partnerships we are making in companies to help clients deliver improved customers experiences faster and easier than ever.
“The ecosystem is growing and innovating at the speed of light, and the Banking-as-a-Service model enables financial institutions and fintechs to be more agile in this ever-changing market. Our strategic partnership with Bankable will support our clients as they continue to adapt to an evolving landscape.”