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Lulo Bank accelerates digital banking in Colombia

Success story

Lulo Bank is a leading digital bank, fueling the digital transformation of Latin America's financial sector.

Customer base

120,000

Segment

Banking

Mambu's role

Cloud banking platform

As more and more digital banks in Latin America and globally rely on Mambu, Lulo Bank’s parent company, the Gilinski Group, selected the next-generation core banking system to transform the Colombian financial industry. Both companies recognised the importance of innovation, modern technology, customer-first service and agility for the future of banking experiences.

“The only way to build a state-of-the-art bank is to find the best technology partner that can evolve at pace with today’s demands, while remaining simple and easy to use. That is why we chose this alliance with Mambu. It reflects our desire to bet on innovation and truly transform the industry,” said Santiago Covelli, CEO of Lulo Bank.

"We are proud to be a part of this project and to bring Lulo Bank's ambitions to life. We aligned with their vision because our cloud-native technology provides the flexibility, agility and speed that financial institutions need to build ecosystems that offer a better array of digital financial products and services," said Juan Pablo Jimenez Isaza, Mambu’s Vice President of Sales for Latin America.

Lulo bank digital banking mastercard
That is why we chose this alliance with Mambu. It reflects our desire to bet on innovation and truly transform the industry.
Santiago Covelli
CEO

Mambu operates with a composable technology framework, where, through open APIs, other best-of-breed solutions can integrate into the platform to deliver an end-to-end solution that delivers more innovative and user-friendly experiences.

The flexibility of Mambu's cloud-native platform makes it easy for customers like Lulo Bank to grow rapidly and optimally scale their product offerings, without the need for complex IT constructions or resources. Together with Mambu, Lulo Bank can offer excellent financial services to better meet the changing needs of consumers in Colombia.