The market-leading SaaS banking platform Mambu and the global provider of cloud payment and financial messaging solutions, Volante Technology announced a groundbreaking collaboration to assist banks and lenders in modernizing their banking and payments infrastructures. This partnership will allow joint customers to deliver innovative payment products and services faster than traditional systems.
Legacy systems are difficult to adapt and replace for traditional financial institutions. They can be inflexible, slow, and costly. Volante and Mambu have partnered to enable financial institutions to modernize existing payment systems and launch new solutions quickly with different payment capabilities, such as wire, ACH and SEPA. This integration allows customers to integrate payment functions faster than traditional vendors. It also provides richer experiences for both consumers and businesses with more flexible payment options.
Mambu is an API-first platform that seamlessly integrates with standard software solutions such as Volante. This allows financial institutions of all sizes and types to provide better, differentiated experiences for their customers.
“The partnership boosts the digital banking and payments functionalities that help orchestrate state of-the-art solutions across all banks channels,” stated Kevin Trilli (Mambu Chief Product Officer). Volante, like Mambu provides digital technology solutions that enable institutions to succeed in the future. We are able to make Mambu’s Payment Hub a seamless platform that empowers all payment processors. In a matter hours, processors are able to quickly develop and deploy the necessary elements to provide a remarkable 24/7 customer experience.
Trilli said, “The platform was possible due to a shared philosophy that modern low-code cloud technology allows for scalability and cost-savings, as well as agility. This is a significant step towards making payments processing easier and more accessible.
John Farrell SVP Global Product Management, Volante Technologies stated that “We see this partnership as transformative for the industry. SaaS is a game changer for core banking. Both Payments as a Service and Low-Code Technology have been disruptive to payments. Volante and Mambu have merged the two to create a powerful Banking as a Service platform (BaaS). This synergy combined with our strong affinity for culture, values, and style will result in tight collaboration and co-innovation to the benefit of our customers.