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Process as Product: Middleware and Mambu Strengthen Alliance

Middleware, maker of the Corezoid Process Engine, and Saas banking engine innovator, Mambu, announced this week that they have strengthened their strategic partnership. The two companies have teamed up develop solutions that will enable banks and lenders to improve client onboarding, loan origination regulatory reporting, and card and payments connectivity.

The centerpiece of the partnership is the Mambu Process Orchestrator (MPO). Based on the Corezoid Process Engine and unveiled last fall, MPO is an integration platform as a service (iPaaS) offering that will make it easier for Mambu’s customers to connect multiple APIs together to streamline and better manage business processes.

“Corezoid allows clients to change how they see APIs to thinking in terms of assembling processes in the cloud,” Middleware founder and CEO Alexander Vityaz said. “Partnership with Mambu is part of Middleware’s global growth strategy. They work with clients in over 55 countries, and companies in these countries are now able to start leveraging Corezoid technology for their business through Mambu’s services.”

Mambu CTO Ben Goldin praised Middleware’s “unique vision and patented technology,” and said the enhanced partnership will enable Mambu to build out its cloud banking capabilities and boost adoption of its cloud-native banking engine. He added that Mambu is considering deploying other Middleware solutions such as its Messenger Bot Platform and DeepMemo Rules Engine after the launch of MPO.

Middleware participated in our developers conference FinDEVr Silicon Valley 2015, presenting Build Your Company’s Digital Core with Corezoid, an introduction to the company’s cloud operating system. Founded in 2014 and headquartered in Redwood City, California, the company’s customers include Western Union, TBC Bank, Tsesna Bank, and METRO.

Founded in 2011, Mambu is a leading global SaaS banking e=platform for digital financial services providers. The company’s technology powers more than 6,000 loan and deposit solutions, serving more than nine million end customers. The company is also an alum of our developers conferences, presenting Smart Consumer Lending: Platform and Scoring Architecture, at FinDEVr New York 2016, in partnership with Lenddo. Mambu also demonstrated its platform at FinovateAsia 2013 in Singapore.