services industry . Mambu ' s core banking platform promotes true adaptability through a unique approach called composable banking . This allows for best-in-breed providers to be assembled together , creating a banking ecosystem fit for change .
“ On top of Mambu ’ s core banking engines , we have built a partner ecosystem that provides our clients with access to a vast range of products and features , making it possible to swap components in and out to keep up with changing consumer expectations ”, says Matthijs . So , looking ahead to the next several years , what transformations and challenges does he believe the industry will face ?
" Payments evolve rapidly ; regulation is getting a bigger footprint . This is similar in the banking industry , where we see banks moving into the cloud and regulatory compliance is of utmost importance . Banks are in need of change ; challengers are rising in the market . To make this change successful for all involved , trust from the regulators remains a key success factor in building a fintech ecosystem ."
The role Mambu plays in this new environment
A key element to composable banking is the ability to connect with leading technology partners through APIs . Partners like global payments platform
Currencycloud allow customers to integrate out-of-thebox solutions without the need to build everything from scratch .
42 January 2022