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Mambu is the true SaaS, cloud core banking platform powering financial innovators around the world.

Mambu

Cloud core banking platform

Wondering how Mambu can help you get products to market faster, improve your business agility and elevate your customer experience?

We have all that covered in our live demo session. Join us as we walk through the Mambu platform, tour the partner ecosystem and show you why Mambu is the only true SaaS platform trusted by hundreds of financial businesses around the world.

Join us as we walk through the Mambu platform, tour the partner ecosystem and we can show you why Mambu is the only true SaaS platform trusted by hundreds of financial businesses around the world.

The IOF Tax supports all three rates: flat, daily and late repayment. Customers can add the IOF Tax at the product level and also overwrite the tax amount at an account level. In addition to that, with each increase in the principal amount on a specific instalment, there is a scheduled recalculation that triggers the application of an additional IOF tax on the loan account.

Setting up the IOF Tax in Mambu is easy and flexible and meets all the legal requirements regarding the application and repayment of IOF. The customer can define dedicated GL accounts per rate, view balances per rate, view amounts on the schedule and in transaction details and adjust amounts.