Western Union has created a new digital banking application, WU+, using cloud-based back-office technology provided by Mambu.
“In a single native mobile app, customers can create a new account in minutes by selecting a subscription model and start saving and spending instantly,” Mambu explains.
“The new digital banking offering will help Western Union transform the transactional relationships it has with its customers into closer customer-centric connections.”
Thomas Mazzaferro, director of data and innovation at Western Union, explains that the new offer is first being rolled out in Germany and Romania, followed by wider European coverage.
Overall, Western Union covers 200 countries and supports over 130 currencies worldwide.
“The Mambu team and Western Union have come together in a truly collaborative partnership accelerating our financial services ambitions, while creating a scalable, cloud-agnostic product,” he adds.
“The industry has reached a tipping point for cloud adoption. Major financial institutions have started a global trend to move to agile cloud-native technology stacks and are now part of the ecosystem,” comments Eugene Danilkis, CEO and co-founder of Mambu.
The provider recently announced a series of projects/clients in Europe, including UK-based lenders kennek and ThinCats, as well as Allica Bank in the UK and Plazo in Spain,