Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 1312765909 3
iStock 1312765909 3

OKEO delivers seamless multi-currency payments on Mambu


 

Amsterdam, 16 August 2022— OKEO, a digital payment service provider for European entrepreneurs and businesses, announced their successful go-live on leading cloud banking platform, Mambu. OKEO helps customers save time and money by providing access to modern and professional banking services. Mambu’s composable platform enables OKEO to offer multi-currency foreign exchange payments, at rates up to five times better than traditional banks, and delivery times ranging from minutes to maximum one business day, irrespective of the currency chosen.

Founded in 2019 in Vilnius, Lithuania, OKEO is an all-in-one payments platform designed to maximise cost efficiency and empower businesses with greater control over their finances. The fintech provides fully-fledged business IBAN accounts and online banking with an intuitive interface that allows teams to manage their profiles, set permissions and limits, and carry out payment transactions. 

To build their new multi-currency product, OKEO examined the wider core banking market to find the most flexible, scalable and secure solution. In particular, they prioritised a configurable cloud-native platform that is designed for easy implementation and fast deployment, and can facilitate regulatory processes and integrations to the European payment schemes. OKEO selected Mambu and following a nine-month implementation, successfully launched its new offering.

Katarzyna Kwiatkowska, Chief Executive Officer at OKEO, said: “Customer success is not only the goal of our service. It is also an inevitable element of its delivery process. Which is why we continue expanding our services while being in constant communication with the clients. We partnered with Mambu because their composable approach is a perfect response to the quickly evolving needs of our customers, and they share our customer-centric philosophy. While Mambu keeps the lights on in the back-end, our team can focus on the customer-facing front-end, new features and enriched financial services. We believe that our partnership will enable us to take our offering to the next level.”

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Scott Wilson, Regional Vice President of Mambu EMEA, added: “Our partnership is an opportunity for us to collaboratively push the envelope in the multi-currency space. The successful go-live of OKEO services on Mambu is a result of aligned goals and excellent engagement between the teams. We look forward to supporting OKEO’s growth and product expansion goals.”

Currently OKEO is building a Single European Payments Area (SEPA) instant payments service on Mambu, and will be adding it to the storefront within the next few months, enabling customers to process their Euro payments across the European Economic Area in seconds. 

 

 

Recent Post: