Bankable, global provider of Banking-as-a-Service (BaaS) solutions, has announced a strategic partnership with multinational financial services corporation Visa.
The new partnership aims to enable financial institutions and banks easier access to real-time and modular banking solutions worldwide.
Visa has also made an unspecified financial investment into Bankable.
Eric Mouilleron, CEO and founder of Bankable, said: “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.”
He continued to add that, in addition to Europe, Bankable will open three markets in the next 12 months (North America, Latam, MENA).
Mouilleron said the expansion is to “leverage relevant opportunities globally and help our European and US fintech clients expand.”
The partnership will allow Visa’s clients to gain access to Bankable’s platform – helping them deploy digital banking and real-time payment services.
Bankable can support and orchestrate global payment services and said it will leverage VisaNet, Visa’s electronic payment processing system, to extend its existing international payment and banking solutions.
“Visa’s investment in Bankable is another example of the strategic partnerships we are making in companies to help clients deliver improved customers experiences faster and easier than ever, “said Bill Gajda, global head, strategic partnerships and innovation, Visa.
“The ecosystem is growing and innovating at the speed of light, and the Banking-as-a-Service model enables financial institutions and fintechs to be more agile in this ever-changing market.
“Our strategic partnership with Bankable will support our clients as they continue to adapt to an evolving landscape.”