TransferWise teams up with Mambu

London based financial technology company TransferWise has partnered with Berlin-based cloud banking firm, Mambu. With this partnership, customers of Mambu will be able to access TranserWise’s technology infrastructure directly through Mambu’s platform.

Mambu helps businesses to build banking infrastructure with the help of their cloud banking platform. This cloud banking platform offers banking capabilities such as accounts, loans, deposits, mortgages and other financial products with a wide range of third-party services easily integrated into the platform.

“Integrating TransferWise for Banks with Mambu is another major step towards our vision of establishing a new global payments infrastructure for banks around the world, and bringing our low cost, transparent service to anyone who needs it. Mambu is a game changer in a market that seeks modern solutions to the problems faced by traditional banks.” said CEO and Co-founder of TransferWise Kristo.

Mambu will use TranserWise’s API and as a result of integration, customers of Mambu will be able to use it without any extra spending on upgrading infrastructure.

“By plugging into our API, Mambu just became the world’s number one cloud banking provider to use for international payments. From their first day in business, banks gain significant advantages over their competitors, benefiting from the speed and convenience of TransferWise’s services.” Kaarmann added.