In the highly competitive banking industry, financial institutions are looking for ways to increase their speed of innovation and flexibility to offer seamless banking experiences that customers actually want. The outdated legacy infrastructures, however, are inflexible and costly to maintain – making it challenging for financial institutions to innovate, deliver and quickly adapt the products and services modern end-users expect. The Backbase and Mambu partnership will help financial institutions of all sizes to break free from their legacy core and take back control. These new capabilities are pre-integrated, cloud-based and include turn-key applications as well as a fully serviced platform.
This seamless and future-proof approach facilitates fast innovation and unparalleled flexibility that empowers financial institutions across the globe to deliver frictionless digital-first experiences and better meet the needs of today’s customers that prefer experiences over products. Backbase’s and Mambu’s combined offering provides financial institutions with a fully integrated end-to-end cloud-native digital banking solution on an open and modern architecture. Financial institutions that are exploring new ways to modernise their IT infrastructure can create new value for their clients on a daily basis and dramatically reduce their back-end operating costs.
Commenting on this partnership, Jouk Pleiter, CEO and Founder of Backbase says: “Mambu and Backbase are united in our goal to transform the banking industry. We enable banks to break free from legacy applications and successfully compete in a digital-first world. This is especially true for Greenfield banks, for which we can launch a complete new service in a matter of months. By partnering with Mambu we provide a complete front-to-back solution, agility and creativity that is needed for banks to become loved by their customers.”
Ben Goldin, CTO / CPO at Mambu, adds: “Backbase empowers financial institutions to build exceptional customer experiences for a digital-first world, and we are delighted to enable their proposition with Mambu’s composable banking platform. Unlike the incumbents of the past, today’s financial institutions are craving powerful and seamless solutions that create freedom to innovate and get creative. By partnering with Backbase, we give our customers a future-proof solution that will offer them the flexibility they are looking for.”