Founded in 1959, Süd-West-Kreditbank (SWK Bank) based in Bingen am Rhein is one of the leading direct banks for loans and fixed-term deposits and employs 152 people, with total assets of around €2.2 billion in 2021. SWK Bank is considered a pioneer in digitalization and innovation and offers fast application processes with TÜV-tested security. As a banking-as-a-service partner, SWK Bank cooperates with other banks and fintech companies and makes its systems and processes available as services in the lending and deposit business.
As part of the partnership with Mambu, SWK Bank will contribute its modular banking services in the personal loan and deposit business, while Mambu will contribute its cloud-native banking platform. The aim of the joint initiative is to enable financial service providers to offer better banking services faster and more flexibly. Together, SWK Bank and Mambu have developed the first marketable module in the investment area in only three months.
This partnership means more flexibility and fast product extensions for customers, with a shortened time-to-market process on the basis of state-of-the-art, media-interruption-free and secure technology. The offer will be rolled out to customers in Germany and abroad.