Mambu, a cloud banking platform, has teamed up with Western Union – a global leader in cross-border, cross-currency money movement and payments – 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 its 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.
The new digital banking offering will help Western Union transform the transactional relationships it has with customers into closer customer-centric connections.
“By partnering with Mambu, we have built our digital banking products and services starting in Europe with Germany and Romania,” said Thomas Mazzaferro, Chief Data & Innovation Officer at Western Union. “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.”
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