Successful banking disruptor Bankingblocks and smart solutions provider Pannovate Limited have partnered to bring to market a complete banking solution for neo and challenger banks.
Bankingblocks has combined the traditional European PI, agency banking and acquiring licenses groups to create a stand-alone modular banking service for the fintech and payments industry. As a SWIFT and SEPA member with their own sort code and BIC, Bankingblocks can deliver backend banking for this growing industry. The missing block was the front end, and Bankingblocks identified an opportunity for a full end to end solution using Pannovates LaunchPad product.
Daria Rippingale CEO of Bankingblocks said: “We are an agnostic wholesale banking provider, but many times we have fintechs and businesses who are also in need of their own, highly-functional front-end mobile banking products - with their own branding. We have spent a long time reviewing the providers in the market, and Pannovate was an easy choice. As an already integrated front-end banking solution, fintechs can work with Bankingblocks to launch their businesses in a fraction of the time, front-end customer banking, all the way through to licensed banking products.”
Pannovate Limited launched their successful application LaunchPad earlier in the year identifying a gap in the market for smart and quick to market apps for financial services products, that were customisable. LaunchPad is an accumulative application that puts the customer experience first. Pulling information from multiple sources, LaunchPad offers a host of expected standard features plus the option to add bespoke additions and the ability to replicate a client’s brand with an exceptional UX.
Pavle Ljujic CEO of Pannovate Limited said: “We have been looking for the right partner who identified and shared our ethos of putting the customer first, and we feel we have found that with Bankingblocks. There modular approach to challenging the financial services marketplace, is ground breaking, and we are delighted to be working with them.”