Bankable, a provider of ‘Banking as a Service’ solutions, has announced a strategic collaboration with Visa in the US. Bankable aims to provide Visa’s US clients, including corporates and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the US, Bankable is opening an office in New York, which is the company’s fourth office after London, Brussels and Dubai.
The new premises will become Bankable’s US hub, allowing the company to accelerate strategic initiatives across corporations, banks and fintechs headquartered in the country. The company is planning to make strategic hires in the next few months as the NY team will shoulder London and Dubai operations.
“Our strategic partnership with Visa represents a great opportunity to further accelerate digital payments innovation in the region,” said Eric Mouilleron, CEO and founder of Bankable. “Our commercial team will initially focus on B2B payments. As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the US as well as leading regional, community and selected global banks organised to support fintechs. We anticipate more than 50% of our revenues to come from the US by 2024.”
“The financial ecosystem is evolving at rapid pace, and Bankable’s model helps financial institutions, corporates and fintechs be increasingly nimble to remain competitive,” said Terry Angelos, SVP and global head of Fintech at Visa. “Building on what we’ve done with Bankable in other regions, including CEMEA and Europe, we’re excited to now extend the partnership into the US.”
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