LONDON—Bankable, the global provider of “Banking as a Service” solutions, announced that it inked a partnership with Visa to enable financial firms and banks to access real-time modular banking services.
Bankable, in a release, also said Visa made an undisclosed financial investment in the company. Under the partnership, Visa members will be able to access Bankable’s platform so they can launch digital banking and real-time payment services. Bankable said it is enabling companies to use its platform within existing operations can facilitate a short time to market.
Bankable’s platform doesn’t interfere with established systems. According to the company, a recurring challenge for banks, corporations, and FinTechs is access to digital tools and technology that enables them to rapidly deploy. Bankable said its platform has a flexible model which enables companies to operate digital banking services without any disruptions.
‘Already at Work’
“Bankable is proud to join the Visa global family. We are already at work with Visa’s existing partners. 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,” said Eric Mouilleron, CEO and founder of Bankable. “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 U.S. FinTech clients expand.”