Unlimint launches Banking as a Service API Resolution

The brand new product, Unlimint Banking and Playing cards (UBC), is a one-stop banking, card issuing and processing answer

HONG KONG SAR – Media OutReach – 23 August 2022 – London-based international fintech Unlimint, has at present introduced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Playing cards (UBC), a one-stop cost accounts and card issuing and processing answer. The brand new providing permits firms globally to launch and embed digital cost merchandise for his or her clients based mostly within the EEA, UK, and LATAM, and can launch in Singapore in Q12023.

Unlimint Banking and Playing cards (UBC) is a versatile, white-label answer with software program and licenses for a boutique strategy. It permits purchasers to customize and embed cost options straight into their very own platforms with out the necessity to construct difficult cost methods, overcome regulatory obstacles or handle the complexities and difficulties of cost community membership.

The BaaS product additionally gives crypto to fiat conversion and over 150 APIs that allow purchasers to customize all parts of their programme. Along with this, UBC gives companies globally the power to speed up their geographic footprints in current and new market verticals in Europe, UK, and LATAM.

Excessive-growth markets, like next-generation banking, and fintechs can unlock borderless accounts and funds with UBC’s bodily and digital debit card API options. UBC gives an end-to-end providing that may seamlessly combine banking and cost providers by way of a single account: BaaS, company accounts, buying, and crypto, all underneath one roof.

Fintech has been rising constantly over the previous few years and corporations are extra conscious of how vital it’s to supply quite a lot of cost options to purchasers. KPMG’s Pulse of Fintech report revealed that fintech investments in 2021 recorded US$210 billion. In keeping with Finastra’s Banking as a Service Outlook 2022 report, nearly 85 % of respondents are already implementing or planning to implement BaaS over the subsequent 12 to 18 months.

Commenting on the launch of UBC, Jovi Overo, Managing Director BaaS at Unlimint, stated:

“We’re delighted to announce the launch of our modern new answer UBC, Banking as a Service API Platform. With UBC’s highly effective, real-time, cloud-based platform, companies get an entire toolkit that provides them the pliability and management they should construct new monetary merchandise shortly and effectively. Firms can retain their international, high-value clients and develop their providers into Europe, the UK, and LATAM, offering market-leading digital cost capabilities that place them forward of opponents. We are going to proceed to implement new developments into our answer to supply a very modern international BaaS providing.”