Mambu and Volante Technologies join forces to pioneer cloud-native banking and payments modernization
By Joy Dumasia
Mambu, a global provider of cloud payments and financial messaging solutions, Volante Technologies, announced a pioneering collaboration to rapidly help banks and lenders modernize their banking and payment infrastructures. The strategic partnership will enable joint customers to speed up the delivery of innovative payment products and services without needing to rip and replace legacy systems.
Traditional financial institutions struggle with inflexible legacy systems, slow and expensive to replace and adapt. Volante and Mambu are partnering to allow financial institutions to modernize their existing payment systems and quickly launch new solutions with different payments capabilities such as wire, ACH, SEPA, real-time and cross border payments. The integration allows customers to implement payment functionalities faster than traditional vendors and provides richer experiences with more flexible payment options for consumers and businesses.
As an API-first platform, Mambu seamlessly integrates with off-the-shelf software solutions, such as Volante, enabling financial institutions of all sizes to offer better, differentiated experiences to their end customers.
Kevin Trilli, Mambu Chief Product Officer, said: “The partnership boosts digital banking and payment functionalities that help orchestrate state-of-the-art solutions across all banking channels. 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. Within a matter of hours, processors can develop and quickly deploy the elements needed to deliver an exceptional 24/7 experience to their customers.”
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.”
John Farrell, SVP Global Product Management, Volante Technologies, commented: “We see this strategic partnership as 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. We believe this synergy, combined with our strong affinity in culture, values and style, will drive tight collaboration and co-innovation for the benefit of our joint customers.”
IBSi Daily News Analysis
January 27, 2023
Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recessionRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage