Tanguy de La Villegeorges, co-founder and CEO of WeWard, explains how Memo Bank’s Premium Banking API enables real-time processing and execution of its clients’ requests.
Memo Bank's API is currently the most advanced banking API on the market.
Tanguy de La Villegeorges
Cofounder and general manager
Company
WeWard is a mobile application that allows walkers to earn money proportionally to the distance they walk.
2019
50 employees (2024)
Paris (75)Tanguy de La Villegeorges
Cofounder and general manager
WeWard’s needs
Outcomes with Memo Bank
WeWard has 20 million users worldwide.
The founders of WeWard have a vision: to make walking a central part of the daily lives of as many individuals as possible, all around the world. Through WeWard mobile application, users earn points (called ‘Wards’) based on the distance they walk every day. When users have collected enough ‘Wards’, they can redeem those for cash, use them at partner stores, or donate them to charities.
Established in 2019, WeWard now has 20 million users across Europe, the United States, and Japan. Since its inception, WeWard has paid out €18 million to its users and €1 million to charities.
In order to improve the experience for their clients, optimise workload, and reduce operational risks, WeWard was looking for a modern and automated way to process their user’s requests. WeWard moved from a manual solution, involving large data files, to a fully automated (STP) solution through a banking API.
Managing their clients’ transactions via API enabled WeWard to:
We greatly appreciated the responsiveness of Memo Bank's product engineer and customer service teams.
Tanguy de La Villegeorges
Cofounder and general manager
After reviewing the solutions offered by banks and fintechs, WeWard chose Memo Bank, interested in the added value delivered by their Premium Bank API.
WeWard integrated Memo Bank’s API in just 3 weeks: 2 weeks for testing and 1 week for deployment. Tanguy De La Villegeorges, co-founder and CEO of WeWard, attributes this speed to the simplicity of the API, the readability of its documentation, and the responsiveness of Memo Bank’s product engineer and customer service teams. These teams have always demonstrated great availability to help WeWard integrate the API in a timely and efficient manner.
KYC procedures are typically time-consuming for finance teams. For example, when a bank requested details of a recipient receiving a transfer, WeWard’s finance team had to search for the transaction, extract the recipient’s detail from the databases, and provide the information to their bank.
To make life easier for finance teams, Memo Bank offers companies a simplified KYC to identity and reconcile transactions. Memo Bank allows companies to attach a document (JSON file), with the recipient’s details, against each transaction. These details are accessible via API, meaning Memo Bank does not need to involve WeWard to get the recipient’s details.
This innovation sets a new standard to deliver modern and reliable KYC procedures and adds another brick in optimising WeWard’s payment infrastructure.
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Memo Bank is a limited company (Société Anonyme) with an Executive Board and a Supervisory Board with a capital of €13,084,327.35 and accredited as a credit institution by the European Central Bank and regulated by the French Prudential Supervision and Resolution Authority (4 place de Budapest, 75009 Paris).
Use cases
Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
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Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
