bankingciooutlook

Youtap Establishes Partnership with Mambu to Supercharge Digital Banking

Banking CIO Outlook | Friday, November 26, 2021

The collaboration will provide a market-leading SaaS-based digital banking solution to new and existing banks, credit unions, community banks, and financial service providers deploying the Mambu cloud banking platform.

FREMONT, CA: Youtap is a provider of cloud-based digital banking, digital wallet, and payment solutions. It allows traditional banks to revitalize and expand their existing core banking infrastructure with new digital banking software and applications.

Youtap, a leading digital banking and digital wallet solutions provider, has joined hands with global SaaS cloud-native banking and financial services platform Mambu to overlay its Banking-as-a-Service and digital banking solutions on the Mambu core banking platform.

The collaboration will provide a market-leading SaaS-based digital banking solution to new and existing banks, credit unions, community banks, and financial service providers deploying the Mambu cloud banking platform.

Historically, service providers have acquired a variety of digital banking, payments, and mobile banking applications from a variety of vendors. Youtap solves this issue by offering digital banking in a box that is tightly integrated with the Mambu core. Customers can enable and disable features such as digital onboarding and eKYC, payment processing and card issuing, consumer and business digital wallet apps, merchant point of sale, and loyalty and rewards. Allowing our customers to concentrate on their go-to-market strategy and, as a result, save money on marketing campaigns by lowering their overall technology spend.

"Mambu is a global leader in composable banking. Its cloud-native solution is transforming banks around the world," stated 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," stated Mr. Jones.

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