Bankable has entered into new partnerships to offer a full-service payments infrastructure to cross-border challenger bank initiatives.

The company has signed partnership deals with Starling Bank and Transact Payments to deliver the full service platform to its clients.

The technology platform provides access to the payments instruments.

Bankable provides multiple tools to deliver advanced white label solutions and the latest API to enable the customers to optimise the usage of payment accounts, which are fully integrated with their existing software.

The partnership with Starling Bank will offer access to the Faster Payment Scheme, BACS and Settlement services, while the deal with Transact Payments will allow Bankable utilise the former’s Electronic Money Institution licence.

The Electronic Money Institution licence will assist to support the regulated components of the financial services and the debit products.

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Following this collaboration, Bankable expects to provide better services to their clients. It will also allow offering indirect access to the wider banking network in the UK by provisioning dedicated or multi tenanted banking accounts.

Bankable founder and CEO Eric Mouilleron said: “This is a true partnership that is beneficial to all partners and it puts us in an even better position to increase our market share and continue our growth journey.

“Bankable’s Banking as a Service enables our customers to focus on their brand, distribution and client acquisition instead of reinventing the ‘infrastructure wheel’.

“With accelerated time to market and faster revenue generation, Bankable customers increase the value and attractiveness of their business.”