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Mambu’s banking engine to provide business agility to neobank P.F.C.

Stockholm-based neobank Personal Finance Co. (P.F.C.) has gone live with Mambu’s SaaS banking engine, ten months after its initial launch. P.F.C. provides a personal finance application that comes along with a debit card and offers automation and data-driven insights for customers. The partnership is expected to enhance the deployment speed of its products and features.

“P.F.C. is exceptional in that we offer a highly personalized and transparent banking experience that’s simple to use. Our offering requires a highly flexible and scalable system, which is why we partnered up with Mambu. It is a trusted and supportive partner. In just nine months, we were able to deploy a feature-rich mobile-first neobank, and can now focus on international expansion and innovations to enhance the customer experience, and deliver more value,” said Eli Daniel Keren, founder, and CEO of P.F.C.

According to the bank, Mambu’s engine will allow P.F.C. to build on their back end and customer-facing systems. The supplier’s rapid deployment capability is expected to fuel P.F.C.’s product development and allow for efficient testing and launch of the new features.

“Innovation and agility are core to Mambu’s operations and our partnership with P.F.C. opens up unique opportunities in both areas. By leveraging our cloud-native API-first architecture and pre-configured functionalities, P.F.C. was able to use Mambu as an important piece of their full neobank to go live in months,” said Eelco-Jan Boonstra, Managing Director of Mambu EMEA.

Recently, Swiss online lender bob Finance selected Berlin-based Mambu‘s cloud-native engine to boost business agility and for its scalability.

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