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Mambu Launches Digital Marketplace for Cloud-Enabled Banking, Lending Apps

Mambu Launches Digital Marketplace for Cloud-Enabled Banking, Lending Apps

Software-as-a-Service (SaaS) banking engine provider Mambu has launched its digital marketplace to offer cloud-enabled apps, products and tools for banking and lending, reports Antony Peyton of FinTech Futures (Finovate’s sister publication).

Mambu Marketplace offers a choice of global and localized solutions which can be integrated with the SaaS engine. Its offerings are based on an API-driven architecture.

Ben Goldin, Mambu’s head of product and technology, said the launch sets the stage for Mambu’s pre-integration strategy and “that no single vendor can provide market leading components for every module of a digital banking architecture.”

Goldin added that for its partners, the marketplace “provides an opportunity to present their offerings to institutions and influencers with the Mambu engine powering a composable architecture.”

Some of these partners named on the marketplace site include fellow Finovate alums Onfido, nCino, Avoka and Experian.

The marketplace was launched as part of Mambu’s “revamped digital identity” which includes a new look website.

Founded in 2011, the German company’s technology powers over 6,000 loan and deposit products which serve over four million end customers. Mambu has more than 250 live operations in over 46 countries, ranging from fintech firms to banks. With more than $13 million in funding, the company demonstrated its technology at FinovateAsia 2013.