Vipera partners with Mambu for mobile banking solution

Mobile financial services and digital customer engagement solutions provider Vipera announced a partnership with Mambu on Friday, which it described as “a leading software-as-a-service (SaaS) alternative” to traditional core systems powering banking and lending.

The AIM-traded firm said it was extending its mobile-first banking solution by partnering with Mambu, with the combination of Vipera's ‘Motif’ platform for managing digital channels and payments and Mambu's core engine providing “the optimal ecosystem” for digital-first banking and lending services.

Its board said the formal partnership was a result of the two companies developing a “strong, collaborative” relationship over the last six months.

Vipera's proprietary mobile banking and payment platform, ‘Motif’, enables financial services and retail customers to manage their digital channels and provide services in a single user experience.

Motif was already integrated with Mastercard and Visa tokenisation services, and along with Mambu's core solution, could reportedly offer a “full range” of digital banking and payment services delivered via mobile and web without the burden of legacy systems.

It would enable new entrants or existing banks to enter the mobile banking market at a fraction of the historic cost level, the board claimed.

“We are delighted to have signed a partnership with Mambu, further extending our partner network,” said Vipera CEO Marco Casartelli.

“The combination of our two technologies allows new and traditional financial services companies a rapid and cost-effective way to put new banking and payment solutions into the market.”

Eugene Danilkis, CEO and co-founder of Mambu, said his company was “pleased” to welcome Vipera to its growing partner network.

“This relationship will enable us to offer our mutual clients a holistic solution to power their digital first lending and banking initiatives.”