Category: Press release

London – Bankable is pleased to announce that Pascal Boris has become an investor in Bankable and has joined its board of directors.

Pascal has been an independent non-executive director of Grant Thornton International Ltd since 2012. He chaired the supervisory board of Bank Insinger de Beaufort N.V. in Amsterdam from 2010 to 2015.

He is a former international bank CEO with a strong track record in strategic development, change management, acquisitions and restructuring. His 40 year career with The Chase Manhattan Bank, Paribas and BNP Paribas spanned across corporate and investment banking, risk management, capital markets and wealth management in the USA, France, the UK and Switzerland.

“Pascal’s track record and extensive experience in financial services globally will be pivotal in shaping, developing and nurturing Bankable’s strategic partnerships with global financial institutions,” said Eric Mouilleron, Founder and CEO.

When asked why Pascal chose to invest in Bankable he said, “I was attracted by Eric’s track record as an entrepreneur and by the team of energetic and creative professionals he has assembled at Bankable. The ever growing list of prestigious institutional and corporate clients using Bankable’s highly innovative payment solutions provides strong evidence of the relevance and quality of Bankable’s offering.”

Outside of his banking career, Pascal is also the joint founding President of le Cercle d’outre-Manche, the influential London-based think-tank. He is honorary President of the French Chamber of Commerce in Great Britain, having served as President from 2001 to 2007. He is also a Foreign Trade Adviser to the French Government since 2001, a Commander of the British Empire (CBE) and an Officier de la Légion d’Honneur.

“I am delighted to have been invited to join the board. I look forward to contributing to Bankable’s accelerating growth by strategically leveraging my banking experience and extensive professional network,” Pascal added.

Pascal is a graduate of HEC Paris, the New York University Stern School of Business and the London Business School.

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About Bankable

Bankable is an enabler of innovative, global payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling any regulated or non-regulated organisation to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic prepaid card programmes, and e-wallets & light banking solutions. Our client base ranges from global corporates, banks and insurers, to SME’s and fintechs who use our platform to streamline their payments processes and generate new revenue opportunities.

New York/London – Bankable’s Virtual Ledger Manager solution has been recognised by Global Finance in their 2016 list of ‘The Innovators’ in Transaction Services.

Bankable shares this honour alongside established financial institutions. Amongst the 24 companies selected worldwide are 20 transaction banks and 4 technology enablers – including 3 in Europe (B2 Group, Basware and Bankable) and 1 in the United States (Ripple).

Such recognition facilitates in communicating our vision of continuously innovating our flexible propriety platform to provide innovative payment solutions, along with maintaining world-class technological standards for all our clients.

Bankable’s Virtual Ledger Manager (VLM) is an innovative virtual account solution enabling enhanced treasury management reconciliation for global corporates, insurers and financial institutions. The solution automates the reconciliation of inbound and outbound payments via virtual accounts – each identified by a unique virtual IBAN or reference number. VLM provides centralised access to corporate funds, allowing a company to mirror its internal organisational structure while controlling and streamlining its information and payment flows.

“Much is being gained in speed and efficiency, but applications that improve information flows, thus enabling smarter decision-making, will ultimately deliver the greatest value,” commented Joseph D. Giarraputo, publisher and editorial director of Global Finance.

Bankable’s Virtual Ledger Manager is such a solution – delivering efficient, cost-effective and robust payment solutions.

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

The full list of The Innovators 2016 –

https://www.gfmag.com/media/press-releasess/global-finance-names-innovators-2016

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About Bankable

Bankable is a global architect of innovative payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling anyone to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic card programmes, and e-wallet & light banking solutions.

Our key competitive advantage lies in our technology, where our virtual account management platform is core to the broader payment services that we enable. We provide a full turnkey solution depending on your business needs, via a single multi-channel platform. We are connected globally to multiple sponsor banks, processors, card manufacturers and other suppliers in the payments ecosystem, and also provide programme management services – enabling us to deliver an end-to-end solution for corporate and consumer payment programmes.

Bankable has been featured amongst “The Emerging FinTech Stars of Tomorrow” in the Leading Global 100 FinTech Innovators List by KPMG and H2 Ventures. The list is the result of a global search and includes 40 companies from the Americas, 20 companies from EMEA, 18 companies from the UK and 22 from the Asia-Pacific region. Read KPMG’s press release here.

London – Bankable is pleased to welcome Mark Davey, previously Executive Vice President for the International Financial Institution (IFI) market at Fidelity Information Services (FIS), as a board member and equity investor. FIS Global is the world’s largest technology and services provider, with over 14,000 clients in around 110 countries. In 2014, FIS topped the IDC Financial Insights FinTech Rankings’ fourth year in a row.

Mark brings with him an extensive experience in the area of global financial solutions. “Mark’s global leadership, track record and strategic experience will be instrumental in Bankable’s growth and international expansion,” said Eric Mouilleron, Founder and CEO.

Mark decided to retire from FIS recently to pursue a non-executive portfolio career in order to be able to focus more his personal philanthropic and charitable interests, including his personal foundation. Mark has selected Bankable as one of only a few Financial Technology companies that he will be involved with. “Bankable is a fascinating organisation with huge potential to grow and become a meaningful player in the provision of exciting new technology in the payments area. Their solutions are innovative and well-crafted, whilst the company is driven by an experienced and enthusiastic team. I am delighted that Eric has invited me to join the board and look forward to the opportunity to use my industry experience to help deliver on their ambitions.”

At FIS, Mark was responsible for all aspects of global performance of FIS in EMEA, Asia, Australasia and Latin America/Caribbean markets. Under Mark’s leadership, FIS established a presence outside of North America and grew its IFI business from a 300 person, $90M business in 2004 into a global powerhouse with more than $1.2B in revenue and over 15,000 staff.

Prior to this position, Mark served as the group managing director of the company’s EMEA International division. Mark has over 20 years of experience in the IT and banking industries and has held a number of senior management positions. Prior to joining FIS in 2004, Mark held leadership roles including managing director of LANSA Europe, global sales director of Misys Retail Banking Systems and 11 years in several management positions at Unisys.

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About Bankable

Bankable is a global architect of innovative payment solutions for corporates, banks and retailers. Its solutions – including e-wallets, m-wallets, remittance services, P2P money transfers and prepaid card programmes – are available in the form of white-label self-service platforms as well as via APIs. Their proprietary software assets help organisations streamline their payment processes while unlocking new revenue opportunities. While banks and retailers can quickly launch new corporate or retail financial products, their “Banking as a Service” approach enables any organisation with a large customer base to offer light banking services to their customers. For more information, visit www.bnkbl.com and follow @wearebankable on Twitter.