Bambu Taps Next-Generation FIS Platform to Bring Mobile-Only Banking Services to Unbanked Consumers
Neobank startup Bambu chooses FIS’ next-generation core banking platform to launch mobile-only solution for the unbanked and underbanked in the
- FIS Modern Banking Platform’s cloud-native, modular architecture positions Bambu to bring new products to market quickly while supporting future growth.
As Bambu prepared to launch its new business model to serve this consumer group, the startup needed a modern, component-based core banking platform to support its business needs. The recently announced FIS Modern Banking Platform provides Bambu with the latest technology that delivers advanced digital functionality, flexibility and openness along with mission-critical scalability and resiliency.
Through its modular, cloud-native architecture and integration with open application programming interfaces, the Modern Banking Platform will enable Bambu to bring new banking products to market quickly and comply with changing bank regulations. The FIS solution will be delivered via a software as-a-service (SaaS) model that will allow Bambu to speed deployment while minimizing capital investments.
“Our new platform gives us the scalability to adapt to an everchanging fintech landscape and provide critical financial services to previously unbanked and underbanked customers via mobile devices,” said
“We are excited to support Bambu’s mission of serving the unbanked,” said
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
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