Youtap has finalised an agreement to integrate its banking-as-a-service (BaaS) and digital banking solution with Mambu’ core banking platform.

Through the partnership, financial institutions that use the Mambu cloud banking platform will gain access to software-as-a-service (SaaS)-based digital banking solutions.

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Youtap’s bundled solution allows customers to add and remove features such as digital onboarding, eKYC, payment processing, card issuing and digital wallets among others.

Youtap CEO Chris Jones said: “This partnership will further strengthen the move to digital banking and speed up the launch of new banks and the transformation of existing banks and financial service providers globally.

“We can provide a complete front-end and back-end solution allowing new banks to launch in weeks and existing banks to launch new products and services into a highly regulated and competitive market quickly and cost-effectively.”

Mambu managing director APAC Myles Bertrand said: “Our partnership will open up exciting opportunities for banks and financial service providers to launch new banks, new products, and new services quickly and seamlessly, all in the safety and security of the cloud.”

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Recently, Vietnam-based Cake digital bank selected Mambu’s SaaS cloud banking platform to provide a full suite of digital banking services.

In July this year, Mambu launched a digital solution for SME lenders to streamline the time to market of new products.

In January this year, Mambu secured €110m ($135m) in funding, which took the company’s valuation to over €1.7bn ($2.1bn).