Mambu, a SaaS cloud banking platform, has announced general availability across three leading cloud providers Amazon Web Services (AWS), Google Cloud and Microsoft Azure, expanding its global market reach.
The fintech’s cloud approach allows complete flexibility for customers to meet ambitious expansion plans seamlessly, giving customers the choice to use the most secure, reliable and high-performance technology stack available. Mambu customers have a choice of provider based on their specific business, technical and regulatory requirements, located in the same or a different geographical region, without impacting availability or service levels.
For decades, legacy technology solutions have been slow to implement but, now, using Mambu’s cloud banking platform, products can be pushed to market in weeks and over 95% of core banking transformations go live in months. Mambu’s composable platform provides components that can be selected and assembled in various combinations to satisfy specific user requirements. This empowers financial institutions to modernise their infrastructure, meet rapidly changing customer behaviours and expectations, and drive business growth. The development promises more customer choice, a secure foundation to meet financial security standards and high reliability for all three cloud providers.
Fernando Zandona, chief product and technology officer at Mambu, said: “We’re at a pivotal stage in our growth, and implementing this extended approach will allow us to continue providing the best service for our customers. Many technology providers rely on public cloud services; however, Mambu’s extended deployment flexibility meets the growing demands for performance, security and reliability.
Having the opportunity to work with three of the leading cloud providers supporting over 230 banks and non-bank financial institutions is a game changer. Financial institutions’ choice of cloud service provider is influenced by strategy, existing relationships, availability of services and hosting requirements. The general availability of these cloud providers on Mambu will help us continue to create better financial experiences for existing and new customers across the globe.”
The announcement follows a record $235 million Series E funding round for Mambu in December last year – the largest private fundraise for a cloud banking platform. As Mambu sets its sights on accelerating revenue growth, as well as continued investment in building a global, sustainable and differentiated platform for customers, Mambu has appointed four new senior hires. This includes chief revenue officer, Werner Knoblich, chief financial officer, Tripp Faix, chief product and technology officer, Fernando Zandona and chief of staff to the CEO, Sabrina Dar.