MAMBU
With the current turbulent economic times , Mambu ’ s SaaS solution is helping financial institutions act quickly , launching and scaling products at speed
With markets , behaviours and customer demands changing quickly , financial institutions need to act with speed . And with McKinsey predicting the pace of change in the banking industry will speed up significantly over the next few years , banks and lenders need a solution that helps them stay ahead of the curve .
Mambu is a SaaS , cloud-native , APIdriven banking and financial services platform , designed to power financial innovation , bring solutions to market faster , drive down cost barriers and allow ecosystems to expand .
“ I ’ m a firm believer that the core banking world is very niche ,” explains Nick Lawler , Mambu ’ s Market Sales Director for UK & I . “ What we do , we cannot do as any one individual . And that ’ s the same for any one business .
“ No one person can deliver a transformational change to a bank or a building society or a financial institution . You need to look at the wider ecosystem . That ’ s my role , pulling it all together , and that ’ s essentially what Mambu does as well .”
Founded in 2011 , today Mambu ’ s customer list includes fintech startups , telcos and top-tier banks , operating on six continents and helping customers constantly change the way financial institutions operate and innovate .
A different type of banking solution As Lawler explains , offering a completely open architecture , Mambu is a different type of banking solution . “ Some people back in the day , or even now , will choose to selfbuild a system in-house . But if you build a system in-house , you are reliant on those people that built it , retaining their skillsets and knowledge .
“ For some people , a modular approach works . But there are other people out there who want to embrace this modern technology . And that ’ s where we come in with composable banking .”
A term coined by Mambu , composable banking provides
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Mambu offers a different type of banking & lending solution
June 2023 | fintechmagazine . com 93