Cloud payments platform Form3 has joined forces with Software-as-a-Service (SaaS) banking engine provider Mambu to launch a cloud-native and pre-integrated payments processing service.

Form3 will provide access to real-time processing in the UK and Europe, integrated into Mambu.

According to the duo, they will help lower the barriers to entry for new players and “help established institutions build for the future by simplifying what has, until now, always been a highly complex integration process”.

“The growing acceptance of cloud services combined with higher customer expectations means we are in an environment where institutions are searching for quick and agile solutions,” says Michael Mueller, CEO of Form3.

Ben Goldin, CTO of Mambu, adds: “No single vendor can be the best at all components of a banking architecture which is why we partner with the best service providers to offer clients simplicity, ease of integration and speed.”

Tandem time

In a recent and separate deal, UK challenger bank Tandem inked a deal with Form3.

“Just as Tandem is rethinking and challenging banking, Form3 is disrupting payments technology,” stated Adam Moulson, chief customer officer at Form3.

Nick Bennett, Tandem’s COO, says the Form 3 project will help the bank deliver “an even better” customer user experience, including enhancements to the new app and new products.