FinTech: Mambu To Facilitate Western Union’s Digital Banking In Europe

June 13, 2022 | FinTech, News
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Western Union’s digital banking app WU+ will be built on Mambu.

Mambu , the rapidly growing cloud banking platform, announced the integration of its solution into Western Union’s (NYSE: WU) next generation real time multi-currency digital wallet and digital banking platform in Europe. (BusinessWire)

The tie-up with Mambu will enable the following benefits for Western Union in Europe:

  • Create a new banking experience
  • 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
  • Western Union gets full control to deploy new banking products and services that can quickly be integrated with external applications
  • Customers can create a new account in minutes

Thomas Mazzaferro, Chief Data and Innovation Officer at Western Union, said, “Our ambition is to provide market-leading financial solutions to our customers. By partnering with Mambu, we have built our digital banking products and services starting in Europe with Germany and Romania. 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.”

Eugene Danilkis, CEO and co-founder of Mambu, commented, “The industry has reached a tipping point for cloud adoption. Large financial institutions have started a global trend of moving to cloud-native, nimble tech stacks and are becoming part of the ecosystem. Western Union adopted the cloud because they recognized that FIs of the future need to engage their customers with excellent new products.

Related Story: Western Union’s European Digital Banking Platform To Use Marqeta For Offering Remittances Online

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