Orange Bank takes its core to the cloud
Launched in 2017, Orange Bank offers banking solutions designed natively around customers’ mobile uses. Its digital-first ethos allows customers to autonomously perform all transactions from their mobile application, with ease and speed.
The bank leverages Mambu to manage its current account, loan and credit card products with a government-regulated savings account under development.
Orange Bank migrated to Mambu’s cloud banking platform at its head office in France based on the successful launch of Orange Bank on Mambu in Spain in 2019. The implementation signals the bank’s intention to operate a single banking platform in order to scale its product range in both France and Spain.
Stephane Vallois, CEO Orange Bank, commented: “Innovating for customers is at the centre of our strategy, and in Mambu’s cloud banking platform, we found not only an innovative solution, but a supportive and trusted partner. We have the agility to build and launch new features with a shorter time-to-market which adds real customer value.
"We see cloud as a differentiator, it allows us to leverage strong data security and lower maintenance costs to grow faster, and scale globally. Based on our partnership in Spain, we were able to navigate uncharted waters during the pandemic, delivering new products while enhancing the existing ones. Always keeping the needs of a changing market in the centre of our strategy.”
Orange Bank is powered by Mambu and leverages Amazon Web Services (AWS) native services like EKS, RDS, Elasticache, Lambda, which enables the digital bank to operate from the cloud, while supporting the rapid deployment of financial products and services. Building its core banking systems on Mambu hosted in AWS ensures Orange Bank can scale its operations and improve the banking experience for its customers across Europe.
According to Charlotte Sanderson, Head of Global FSI Technology Partnerships at AWS which hosts the bank's services, the transition to the cloud is hitting every industry, and it all comes down to the speed advantage. “Offering new end-to-end digital services that engage customers and are personalised to their needs will be key to outlasting the competition.”