mmob selected for NatWest’s Fintech Growth Programme

mmob, the embedded finance technology toolkit, has been chosen as one of five fintechs to take part in a new programme with UK bank NatWest.

NatWest launched the programme at the end of last year, calling for fintechs that could solve problems for its customers, including:  

·      Helping customers at risk of vulnerability safely manage their everyday spending

·      Proactively protecting customers and their payments

·      Improving customers’ lives and giving them a better experience making payments

Fintechs involved will take part in a six-week programme to help them develop their businesses, connect with one another, and collaborate with NatWest’s Innovation Team and senior decision makers.

mmob was selected for its product which removes the time, cost and complexity of API integrations and enables banks to make the most of the embedded finance opportunity.

The fintech’s B2B SaaS offering supports organisations to externalise their API based products so they can offer solutions like open banking data, payments and credit to partner channels rapidly, at scale.

It also supports large organisations to more easily adopt API-based products and services from their partners, offering a seamless, secure embedded experience for customers.

Irfan Khan, Founder and CEO of mmob, commented:

“It has been positive to see financial institutions embracing embedded finance over the past few years, as it has gone from a buzzword to something much more concrete with real use cases that benefit customers. Organisations are now taking a more strategic approach to how APIs and embedded technology can help them scale their offerings in a secure, compliant way. 

“We are delighted that NatWest has taken an interest in mmob’s embedded technology toolkit and given us the opportunity to develop through their Fintech Growth Programme. The bank’s focus on creating better, safer customer experiences is admirable and we are excited that NatWest continues to recognise collaboration with fintechs as key to these aims. 

“As a Founder, I am looking forward to learning from the expertise of the NatWest team – especially in understanding how technology can be applied at scale to solve their customers’ problems – as well as learning from my fellow participants as we tackle challenges together.”

Photo from NatWest: L-R: David Grunwald, Director of NatWest Innovation, Nicky Goulimis, Co-founder at TunicPay, Jinesh Vohra, Co-founder and CEO, Sprive, Irfan Khan,CEO and founder, Stephen Ashworth, CEO, AperiData, Alex Somervell, Co-founder and CEO of Ask Silver, Lee McNabb, Head of Payments Strategy & Partnerships at NatWest

Also joining the programme are:

·      AperiData, a challenger Credit Bureau which uses open banking to support financial inclusion.

·      Sprive, a fintech that enables consumers to easily overpay on their mortgage, reducing debt faster.

·      Ask Silver, a scam prevention tool which analyses screenshots of messages to check if they are genuine.

·      Tunic Pay, which provides payment intelligence for banks to not only prevent scams but also ensure genuine transactions are not held up.

You can read more about the programme here.