- Article - Jul 10, 2023
MAMBU FOR NEOBANKS
Putting new into neobanks
Neobanks are revolutionising banking for the mobile-first generation by moving away from the traditional, one-size-fits-all approach and focusing on niche segments to deliver greater value.
How to do this with speed and scalability? Enter Mambu's cloud-native core banking platform.
The next generation of digital banking
Neobanks are leading the way for modern financial innovation. By leveraging next-gen platforms to support a cloud-based tech stack, banks can launch features and scale quickly to meet evolving customer demands.
- Launch and iterate products in months, not years
- Scale seamlessly and expand into new markets
- Pay only for what you use with a SaaS pricing model
WHAT TO EXPECT
Neobanks excel with Mambu’s core banking platform
Revenue growth
Mambu’s business lending customers outperform average revenue growth vs. like-for-like peers by 24%.
Loan growth
Mambu’s neobank customers outperform average loan portfolio growth vs. like-for-like peers by 16%.
Low code UI
Leverage Mambu's low-code interface to cut system change time by 90%, no coding experts needed.
CUSTOMER CASE STUDY
Pan-Regional European Neobank
2016
Launched business accounts offering and enhanced deposit accounts
- Deposits and daily banking solutions available for freelancers and small business owners
- Option to open sub-accounts for smart savings, budgeting, and goal-tracking
- Ability to instantly move funds
2019
Launched installments, split bill and income auto-savings
- Option to pay later in 3 or 6 installments for previous payments via linked accounts or cards
- Ability to split payments directly in the app
- Automatic transfer of monthly income into saving pots based on set rules
Go-live with mobile deposit accounts and cards
- Daily banking products available for retail customers in Germany and Austria
- Migration from legacy system to Mambu's core banking platform
2018
Launched joint sub-accounts
- Customers can choose to manage shared expenses between family members or friends
2021
The results
With Mambu's core banking platform, the design, implementation and go-live was completed successfully to deliver measurable impact.
- of deposits in 3 months
- yearly growth in accounts
- Revenue CAGR
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