Australian fintech Hay partners with digital banking platform Mambu

Monday 9 March 2020 10:16 CET | News

Hay, an emerging Australian fintech, has selected Mambu, the software-as-a-service banking engine, as one of its technology partners as the company looks to establish itself as a full service neobank.

Hay will incorporate Mambu’s API-first, core banking platform into its custom-built technology ecosystem.

Hay, which in February 2020 released a fee-free digital transaction account, is building a digital infrastructure to provide Australians with a new mobile-first money solution. 

The company is awaiting approval of its application for a Restricted Authorised Deposit-taking Institute (RADI) licence, which will open the gate for Hay to begin operating as a fully-fledged neobank.

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Keywords: Australia, fintech, Hay, partnership, digital banking, Mambu, fintech, Software-as-a-Service, neobank, core banking, technology, banking, API
Categories: Banking & Fintech
Countries: Australia
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Banking & Fintech

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