Western Union Taps Mambu for Its New Digital Bank Platform in Europeby Fintechnews Switzerland June 9, 2022
Cloud banking platform Mambu has teamed up with Western Union to integrate its solution into the latter’s next generation real time multi-currency digital wallet and digital banking platform in Europe.
Mambu will enable Western Union to extend the relationship with its customers, and create a new banking experience.
With its cloud-native platform, Mambu has 70 million daily users and over 230 banks and financial institutions as customers.
Built on Mambu, Western Union’s digital banking app WU+ will bring together a range of features that make it easy to move money, manage cards and view transactions.
Mambu gives Western Union full control to deploy new banking products and services that are easy to configure and integrate with external applications.
In a single, native mobile app, customers can create a new account in minutes by selecting a subscription model and start saving and spending instantly.
Thomas Mazzaferro, Chief Data & Innovation Officer at Western Union said,
“Our ambition is to provide market-leading financial solutions to our customers. By partnering with Mambu we have built our digital banking products and services starting in Europe with Germany and Romania.
The Mambu and Western Union team have come together in a truly collaborative partnership accelerating our financial service ambitions, while building a product that can scale and is cloud agnostic.”
Eugene Danilkis, CEO and Co-founder of Mambu said,
“The industry has reached a tipping point for cloud adoption. Large financial institutions have started a global trend of moving to cloud-native, nimble tech stacks and are becoming part of the ecosystem.
Western Union adopted the cloud because they recognised that FIs of the future need to engage their customers with excellent new products. We are looking forward to seeing Western Union wow their customers with modern and secure banking services.”