Digital banking solutions provider Youtap is partnering with banking and financial services platform Mambu.
Youtap offers cloud-based digital wallet and payment solutions to help banks, fintechs and retail companies provide consumers with a wider range of financial services. Cloud banking platform Mambu, meanwhile, allows financial companies to configure independent components and systems into a bespoke solution to meet customer needs.
“Mambu is a global leader in composable banking. Its cloud-native solution is transforming banks around the world,” said Chris Jones, CEO of Youtap. “This partnership will further strengthen the move to digital banking and speed up the launch of new banks and the transformation of existing banks and financial service providers globally.
“Both companies are committed to providing market-leading cloud banking solutions. We can provide a complete front-end and back-end solution allowing new banks to launch in weeks and existing banks to launch new products and services into a highly regulated and competitive market quickly and cost-effectively.”
The partnership will give banks, credit unions, and financial service providers using the Mambu cloud banking platform access to Youtap’s digital banking solution.
“Youtap is an innovative player in the payments and digital banking scene that shares Mambu’s goal to enhance financial inclusion around the world,” said Myles Bertrand, Managing Director APAC at Mambu. “Our partnership will open up exciting opportunities for banks and financial service providers to launch new banks, new products, and new services quickly and seamlessly, all in the safety and security of the cloud.”
The integration will allow customers to switch features on and off at will, such as digital onboarding and eKYC, payment processing and card issuing, consumer and business digital wallet applications, merchant point of sale, and loyalty and rewards.
Kristofer Rogers, General Manager ANZ at Mambu, said: “Our partnership with Youtap will truly supercharge digital banking opportunities across all regions, and we are looking forward to the positive impact that we can make together.”
