Vipera PLC Mambu Partnership New Release

TIDMVIP

Vipera PLC

23 June 2017

For immediate release 23 June 2017

VIPERA PLC

("Vipera" or the "Company")

Mambu Partnership New Release

Vipera (AIM:VIP), the cutting edge provider of mobile financial services and digital customer engagement solutions, is pleased to announce a partnership with Mambu a leading SaaS alternative to traditional core systems powering banking and lending. Vipera is extending its mobile-first banking solution by partnering with Mambu. The combination of Vipera's Motif platform for managing digital channels and payments and Mambu's core engine provides the optimal ecosystem for digital-first banking and lending services. This formal partnership comes as a result of the two companies developing a strong collaborative relationship over the last six months.

Vipera's proprietary mobile banking and payment platform, Motif, enables financial services and retail customers to effectively manage their digital channels and provide a range of services in a single user experience. Motif is integrated with Mastercard's and Visa's tokenization services, and along with Mambu's core solution can offer the full range of digital banking and payment services delivered via mobile and web without the burden of legacy systems. New entrants or existing banks who wish to offer mobile banking solutions can now get into the market extremely quickly and at a fraction of traditional cost.

Marco Casartelli, CEO of Vipera plc, commented: "We are delighted to have signed a partnership with Mambu, further extending our partner network. The combination of our two technologies allows new and traditional financial services companies a rapid and cost-effective way to put new banking and payment solutions into the market."

Eugene Danilkis, CEO and Co-Founder of Mambu: "We are pleased to welcome Vipera to our growing partner network. This relationship will enable us to offer our mutual clients a holistic solution to power their digital first lending and banking initiatives."

Contact:

 
 Vipera PLC 
  Marco Casartelli (CEO)            Tel: [phone] 
  Martin Perrin (CFO)               2037 
  Simon Pearce (CMO)                Tel: +44 (0) 
                                    20 7193 0833 
                                    Tel: +44 (0) 
                                    207 097 8632 
 finnCap Ltd (Nomad and Broker)   Tel: +44 (0) 
  Adrian Hargrave / Anthony        20 7220 0500 
  Adams (Corporate Finance) 
  Camille Gochez (Corporate 
  Broking) 
 IFC Advisory Ltd (Financial      Tel: +44 (0) 
  PR and IR)                       203 053 8671 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong 
 

About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

About Mambu:

Mambu is the core engine powering digital first banking and lending. The lean SaaS alternative to cumbersome core banking systems. Mambu is helping clients to successfully start up new business ventures, transform existing operations, launch new products and expand into new markets. Mambu provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfolio.

Launched in 2011, the technology powers over 5000 loan and deposit products which serve over 3 million end customers. With more than 180 live operations in over 40 countries, ranging from FinTech revolutionaries to traditional banks, Mambu is helping financial institutions evolve and thrive in the digital age.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAEAXKAAANXEFF

(END) Dow Jones Newswires

June 23, 2017 02:01 ET (06:01 GMT)