Bambu partners FIS for launching mobile-only banking services for unbanked


Through its mobile app, the banking startup aims to launch banking services for underbanked the segments of populations who currently lack access to traditional financial services. The app offers FDIC-insured prepaid accounts, domestic and international bill payments and remittances, peer-to-peer transfers, check deposits, retail cash loading and other services.

According to Verdict, FIS’ cloud-native, modular architecture will enable Bambu to launch new products to market while supporting future growth. The component-based, API-first and cloud-native platform will be delivered via a software-as-a-service (SaaS) model to help Bambu deploy it with minimum investment.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement 

Copyright