Bankable known as the global architect of “Banking as a Service” solutions, launched a strategic collaboration with Visa in the United States. Bankable’s main objective will be to provide Visa’s U.S. clients, including financial and corporate institutions, enabling them to deploy digital banking and faster payment services, access to its real-time and modular banking solutions. To lodge ongoing work in the U.S, in New York, Bankable is opening an office. This would be Bankable’s fourth office after Dubai, Brussels, and London.
The new property will become a U.S. hub of Bankable, which allows the company to accelerate strategic initiatives across corporations, fintech, and banks headquartered in the country. In the coming few months, the company is planning to make strategic hires as the NY team will shoulder London and Dubai operations.
Eric Mouilleron (CEO and founder of Bankable) said that the company’s strategic partnership with Visa represents a big opportunity to further accelerate digital payments innovation in the region and the commercial team will initially focus on B2B payments. The company already serves American clients. They also see huge opportunities to digitally transform corporate headquartered in the U.S. as well as leading community, regional, and selected global banks organized to support fintech. They anticipate more than 50% of their revenues to come from the U.S. by 2024.
Terry Angelos (SVP and Global Head of Fintech, Visa) said that the financial ecosystem is evolving rapidly, and Bankable’s model helps corporate, financial institutions and fintech be increasingly nimble to remain competitive. Looking upon what they’ve done with Bankable in other regions, including Europe and CEMEA, the company is now excited to extend the partnership into the U.S.
Bankable is a payment and a global digital banking platform. They help corporations, financial institutions, and FinTech’s deploy, orchestrate, and operate highly differentiated payment solutions with quick time-to-market. They provide a complete range of digital banking and payment solutions under a “Banking as a Service” model. The company’s digital banking platform is available in APIs or white-label. This would enable the clients to quickly deploy banking solutions – including virtual account solutions, digital banking solutions, card programs, payment processing services, and mobile wallet services. Their client base includes regulated financial institutions (Electronic Money Issuers, Insurance companies, Banks, Payment Institutions, etc.) and fintech and non-regulated global corporate who use their platform and Partner’s Ecosystem to deploy payment services and digital banking and generate new revenue opportunities.
