The partnership will provide a suite of regulatory-driven banking technology solutions, which will be integrated with Mambu’s software-as-a-service (SaaS) banking and business process orchestration platform.
The companies want to offer a product for companies interested in “modern solutions that are both compliant with local regulations and purpose-built for flexibility”.
Mambu Italy Sales Manager Victor Indiano said the partnership will combine the SaaS banking platform with Metoda’s anti-money laundering (AML) monitoring, regulatory reporting and other services.
“The result is an offer that is unique and tailored to the Italian financial services market. We look forward to empowering more financial organizations in the region and taking Italian banking to the next level of the digital economy.”
Metoda Finance, technical director Vincenzo Farace, said that “Mambu’s agile banking platform is a perfect match for our solutions and ensures that we can offer Italian clients a robust proposition that grows with the pace of their business and customer needs.”
Mambu also worked with Western Union on a way to offer more digital banking products in Europe, PYMNTS wrote.
Read more: Western Union partners with Mambu for European digital banking