PRESS RELEASE
Mambu Thailand team poised to assist Thai banks
13 June, 2023
Mambu bolsters Thai team in readiness for virtual bank boom
Mambu has strengthened its presence in Thailand with the appointment of a new in-country team, led by Woratep Yunyongkul as Country Manager and Wiwat Masuchun as Regional Partner Manager. With extensive experience in banking and technology fields, the new Mambu Thailand team is poised to assist Thai banks and financial services institutions capitalise on the digital banking revolution set to take place as Thailand’s new virtual bank licensing framework comes into play.
Joining Woratep and Wiwat on the Mambu Thailand team is Apisit Sukprem as Solution Engineer, Melissa Leelarthaepin as Customer Success Manager, and Atip Pakbara as Business Development Manager ASEAN.
“At Mambu Thailand, we are ready to draw on the experience gained working in other countries that have introduced digital bank licences”
- Woratep Yunyongkul, Country Manager, Thailand, Mambu
Woratep Yunyongkul, Country Manager, Thailand, Mambu: “It’s an exciting time to be involved in the banking and finance industry in Thailand, with Bank of Thailand’s new virtual bank licensing framework set to encourage a great deal of innovation and transformation in the industry. Thailand’s banking and financial services industry is the backbone of the Thai economy and will be instrumental in transitioning the country towards a fully digital economy. At Mambu Thailand, we are ready to draw on the experience gained working in other countries that have introduced digital bank licences, including Singapore, Malaysia, and the Philippines, to assist Thai banks and FSIs to truly capitalise on the opportunities that are on the horizon.”
Mambu, a cloud-native SaaS banking and lending platform, was launched in Europe in 2011 and has grown exponentially to now power 280 customers across 65 countries, with 110 million end users. Mambu’s extensive experience helping banks and FSIs transform digitally will be invaluable in Thailand, where the use of public cloud for banking and financial services is still nascent.
“Mambu Thailand is primed and ready to work with BoT and key players in the Thai banking and financial services industry, to enable them to truly understand the benefits of cloud banking and help them to embrace the power of next-gen technology.”
- Wiwat Masuchun, Regional Partner Manager, Thailand, Mambu
Wiwat Masuchun, Regional Partner Manager, Thailand, Mambu: “While BoT is becoming more open to the use of public cloud for financial services it is an emerging area in the country, and banks and FSIs still need to seek approval from BoT to launch any financial products or services on public cloud services. Currently, while core lending products are hosted on public cloud routinely, this is not yet the case for core deposit products. Mambu Thailand is primed and ready to work with BoT and key players in the Thai banking and financial services industry, to enable them to truly understand the benefits of cloud banking and help them to embrace the power of next-gen technology.”
Mambu has partnerships with three of the leading global public cloud providers, namely Amazon Web Services (AWS), Google Cloud and Microsoft Azure, ensuring choice and flexibility for banks and FSIs depending on their requirements. Alongside this flexibility, Mambu’s composable platform provides components that can be selected and assembled in various combinations to satisfy specific user requirements, empowering banks to modernise their infrastructure, meet rapidly changing customer behaviours and expectations, and drive business growth.
“Our new Mambu Thailand leadership team is highly experienced, and are ideally positioned to assist Thai banks and FSIs embrace the opportunities to come”
- William Dale, Regional Vice President, APAC, Mambu
William Dale, Regional Vice President, APAC, Mambu: “While the Mambu APAC team has been working with Thai customers from our Singapore base for some time, we believe the time is now ripe to establish a greater presence on the ground in Thailand as the exciting new virtual banking regulatory changes take place. Our new Mambu Thailand leadership team is highly experienced, and are ideally positioned to assist Thai banks and FSIs embrace the opportunities to come.”
Mambu recently announced a new Thai customer, Next Capital, which launched a new suite of lending products on Mambu’s SaaS banking and lending platform in just four months. A number of financial service providers in Thailand are already powered by Mambu, and there are some exciting new Thai customer announcements in the pipeline.
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