Cake partners with BPC and Radar Payments
By Leandra Monteiro
After partnering with Mambu to transform the core banking system, Cake continues to work with BPC and Radar Payments to accelerate the digital transformation journey. Expanding banking services in-depth with the support of FinTech partners is the choice of many credit institutions, in which, some choose partners who are already technological “unicorns” in the world market. Cake, the new generation digital bank is also not out of this game.
Cake is a digital banking platform launched in early 2021, backed by ride-hailing app Be and VPBank. After successfully converting core banking with a period of only 74 days, this digital bank continues to announce its cooperation with BPC’s Radar Payments payment processing service provider to expand services.
In this partnership, BPC will provide an end-to-end payment experience that is at the core of Cake’s customer-centric concept, with the goal of building a simple digital bank, attractive and reliable. This platform is expected to help Cake users have a fast, convenient, and highly secure payment experience.
“Fast and easy access to financial services is important to our customers. Radar payments allow us to provide a differentiated customer experience when introducing new digital banking products and services,” said Nguyen Huu Quang, CEO of beFinancial, which operates Cake.
Previously, Cake had impressive cooperation with Mambu, successfully implementing the transformation of the core banking system in just 74 days. According to Mambu, 74 days is one of the records for the time to transform the core banking system in the Asia-Pacific region.
Appreciating the transformation at Cake, Pham Quang Minh, General Director of Mambu Vietnam commented, “Cake has proven that we can launch a powerful, high-performing digital bank in just a few minutes. in a few weeks if the right technology platform is in place.”
The secret to shortening the time in the context of social distancing is to put all our efforts into the project, closely connect and support each other to the fullest extent, minimizing the impact on the current customer experience. ownership during the transition, according to Tu The Hien, Chief Technology Officer of Be Group.
Choosing Radar Payments, as well as shaking hands with BPC, shows that Cake wants to accelerate its integration into the world opening potential financial services for a market of 90 million people and experiencing an expected digitization speed.