Towerbank transitions its core operations to the cloud
Panama’s crypto friendly bank revolutionises its operations and customer experience, in just 10 months with Mambu
- 0%
- of operations in the cloud
Cloud service provider
Towerbank
About the customer
One of Panama’s leading financial institutions, Towerbank brings more than 50 years of experience offering corporate and personal banking services across Latin America. As it scales, Towerbank realised the need to move away from its legacy core system and onto a next generation platform that would support continuous innovation. Mambu was chosen to support Towerbank’s journey as it modernises and becomes a cutting-edge, crypto-friendly bank.
- Established in 1971
- 2016 – Launched mobile banking services
- 2022 – Declares itself crypto-friendly
- 2023 – Builds crypto wallet
The challenge
A gradual and agile transition from legacy
In the midst of the COVID-19 pandemic, facing challenges in differentiation, customer retention, and adapting to market dynamics, Towerbank identified significant limitations in its outdated on-premise core system. With a hard-coded infrastructure that hindered innovation, Towerbank realised that further investment in legacy systems was unsustainable.
Seeking a modern solution, Towerbank aimed for a gradual and agile transformation, avoiding the disruptions of large-scale migrations. The bank sought a partner that could provide a flexible, composable banking approach, enabling seamless integration with existing services and tailored to its specific requirements.
© Mambu 2026