MAMBU
“ IN THE MARKET , WEEKS IS A LONG TIME . SUDDENLY
EITHER YOU HAVEN ’ T HAD THE MORTGAGE PRODUCT YOU WANT
ON MARKET AND YOU ’ VE BEEN SELLING AT A LOWER RATE ”
NICK LAWLER MARKET DIRECTOR ,
MAMBU to constantly improve and be nimble and ready for change as it happens .
“ From a deposit angle , rates move quickly ,” Lawler explains . “ And it works both ways . You might find yourself at the top of the best-buy table . Perhaps you don ’ t want to be number one , in which case you can pull the product , and put a new one on market . Or perhaps you want to be number one because you want to do something on your lending line or to launch an aggressive product . We ’ re there to support it all the way through .”
Dealing with turbulent economic times Recent news about crises in the financial sector , from the collapse of Silicon Valley Bank to the bailout of Credit Suisse , has highlighted the turbulent economic environment in which we inhabit . As Lawler explains , the UK and Ireland are at the forefront of banking and technology . “ We are a heavilyregulated , stable environment ,” he comments . “ We saw what happened with Silicon Valley Bank , they had a situation that would not have been allowed in the UK . ”
From a Mambu perspective , numerous financial institutions have chosen its platform to help them bring solutions to market faster , drive down cost barriers and allow ecosystems to expand .
“ We have seen a wave of new entrants , and we have powered the bulk of those ,” Lawler says . Since the wave of new players in the market , the number of new banks has slowed in the UK as the market changes . “ But from a Mambu perspective , we signed 48 new logos , and any core vendor globally would be chomping at the bit to get that traction ,” Lawler adds .
As the launch of the new banks has slowed , Mambu is looking at innovating with new solutions in the brownfield space .
“ We are now stepping up and working , not just with greenfield
96 fintechmagazine . com | June 2023