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Unlimint Launches Banking-as-a-Service API Solution
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August 24, 2022 News

 

London-based global FinTech Unlimint has announced the launch of its Banking-as-a-Service (BaaS) product, Unlimint Banking and Cards (UBC), a one-stop payment accounts and card issuing and processing solution. The new offering allows companies globally to launch and embed digital payment products for their customers based in the EEA, UK and LATAM. It will soon launch in Singapore in Q12023 as well.

Unlimint Banking and Cards (UBC) is a flexible, white-label solution with software and licences for a boutique approach. It enables clients to customise and embed payment solutions directly into their own platforms without the need to build complicated payment systems, overcome regulatory obstacles or manage the complexities and difficulties of payment network membership.

The BaaS product also offers crypto to fiat conversion and over 150 APIs that enable clients to customise all elements of their programme. In addition, UBC provides businesses globally the ability to accelerate their geographic footprints in existing and new market verticals in Europe, UK, LATAM and, soon, Southeast Asia.

High-growth markets, like next-generation banking, and FinTechs can unlock borderless accounts and payments with UBC’s physical and virtual debit card API solutions. UBC provides an end-to-end offering that can seamlessly integrate banking and payment services via a single account: BaaS, corporate accounts, acquiring and crypto—all under one roof.

FinTech has been growing consistently over the past few years and companies are more aware of how important it is to offer a variety of payment solutions to clients. KPMG’s Pulse of Fintech report revealed that FinTech investments in 2021 reached USD $210 billion. According to Finastra’s Banking as a Service Outlook 2022 report, almost 85% of respondents are already implementing or planning to implement BaaS over the next 12–18 months.

“We are delighted to announce the launch of our innovative new solution, UBC, Banking-as-a-Service API Platform. With UBC’s powerful, real-time, cloud-based platform, businesses get a complete toolkit that gives them the flexibility and control they need to build new financial products quickly and efficiently,” said Jovi Overo, Managing Director BaaS at Unlimint. “Companies can retain their global, high-value customers and expand their services into Europe, the UK and LATAM, providing market-leading digital payment capabilities that place them ahead of competitors. We will continue to implement new trends into our solution to offer a truly innovative global BaaS offering.”

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