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

Monday 4 May 2020 12:55 CET | News

US-based neobank startup Bambu has selected FIS’s banking platform to launch mobile-only banking services for unbanked Americans.

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.

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Keywords: Bambu, FIS, mobile banking, US, neobank, startup, mobile ap, FDIC, remittances, P2P, transfers, retail, API, SaaS
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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