PRESS RELEASE
Mambu named a leader in digital core banking platforms in APAC
The analyst firm’s evaluation coincides with the appointment of David Becker as Mambu’s Senior Director of Market Sales in the region
10 October 2024
Singapore: Mambu, a leading cloud banking platform, has been recognised as a Leader in the IDC MarketScape: Asia Pacific Digital Core Banking Platforms 2024 Vendor Assessment (doc #AP50463723, September 2024).
The IDC MarketScapes, which marks IDC Financial Insights' first vendor assessment in this area, analysed 15 digital core banking platforms offering digital, cloud-native core processing with implementations in the EMEA and APAC regions, respectively.
"As regulators across Asia-Pacific continue to green-light digital banking licenses, the region is witnessing a surge of innovation and competition in the financial services sector. We believe our recognition as a Leader in the IDC MarketScape report positions Mambu at the forefront of this transformation, equipped to support both established institutions and new market entrants in a fast-moving landscape.”
David Becker, Mambu
Newly-appointed Senior Director of Sales for the APAC region
Becker has joined the business with nearly 20 years of commercial experience in the financial services sector, with the past five spent in the core banking market. He previously held senior executive positions as Head of APAC region at Temenos, Broadridge and Thomson Reuters.
With his deep local market expertise, Becker is spearheading Mambu’s growth strategy in the region following successful implementations with the likes of Bank Islam and Bank Jago.
Becker added: “Our composable approach is a key point of differentiation for banks and lenders across the APAC region, allowing them to create a fully-customised banking architecture with the flexibility and agility to solve customer pain points and respond quickly to changing demand.”
In addition to being named a Leader in the APAC region, Mambu was also named as a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment (doc #EUR150463623, September 2024) and as a Major Player in the IDC MarketScape: North American Digital Core Banking Platforms 2024 Vendor Assessment (doc #US50463523, September 2024).
IDC clients can download the IDC MarketScape vendor assessment for APAC in full here.