By Remco Dam, VP Channel & Alliances
For the past few months, we’ve all had to navigate very unexpected circumstances and experiences that have left a permanent mark in our personal and professional lives. For the banking industry where we were already experiencing a significant transformation, COVID-19 has shown us how truly unpredictable our world is.
Although we never imagined the current circumstances, Mambu’s cloud-native banking platform was built to allow users to access it anytime, from anywhere. Our pure SaaS solution allows our customers to keep their business running at full capacity and to ensure that their end-customers across 60+ countries continue having access to their banking products and services.
We’ve also been able to support our customers and their end-customers by enabling fast configuration of payment holidays and delayed interest payments. The agility and flexibility of Mambu’s cloud-native core banking platform has allowed our product teams to work remotely but collaboratively, brainstorming solutions and rolling them out to customers in just a few days.
The key to Mambu’s agility and flexibility is our composable architecture, an innovative approach to building banks and lending businesses that treats change as a constant. Composability gives banks, lenders, and fintechs control so they can build fit-for-purpose technologies for design and delivery of financial services infrastructure.
With COVID-19’s impact felt in financial markets around the world, it’s critical that fintechs and banks work to support and retain their customers. To serve an agile market, financial institutions need to compose new products and features faster than their competitors.
Even with restrictions relaxing in many countries, the expectation is that many employees will continue to work from home and that access to stores and bank branches will be limited for the coming months. The value of enabling agile banking through digitalisation has increased even more. For financial institutions, adopting new and agile ways of operating based on composable banking will help guide their path and prepare them for the very different time that lies ahead of us.
To learn more about how Mambu powers digital banking, visit our website.
Core banking in a cloud world.
The future of banking is a moving target and taking the ‘usual’ route is the biggest risk. Download whitepaper.
The era of composable banking.
Learn more about composable banking from Mambu CEO & co-founder Eugene Danilkis and see how banks and fintechs are embracing new technology to create agile banking platforms.
