back Back

Germany’s C24 extends banking service partnership with Mambu

By Gloria Methri

June 26, 2024

  • C24
  • Challenger Bank
  • Check24
Share

Mambu, C24, Check24, Challenger Bank, Neobank, Digital Retail Bank, Core Banking, FinTech, EuropeGerman challenger bank C24 has extended its partnership with Mambu following the initial launch of its greenfield digital retail bank.

Founded by Check24, Germany’s largest online comparison portal, C24 Bank provides secure banking services, along with features to help customers optimise their finances and save money.

In 2020, C24 first partnered with Mambu to launch the greenfield bank. Its deposit offerings went live in just 14 months, and after this collaboration, the bank will continue to run on Mambu’s modern core foundation as it scales.

The partnership with Mambu has enabled C24 Bank to build a product that has gained substantial attention and traction in the German market. With a focus on innovation instead of managing the core infrastructure, C24 can expand its product set and quickly react to market changes and ever-changing customer expectations.

“We are the only bank in Germany which pays interest in all our current account products. Mambu has helped us to provide that. At C24 Bank, we want to provide a unique offering to our customers. We are looking forward to extending our partnership with the aim to serve 1 million customers and to continue to deliver exceptional customer experiences,” said Lasse Schmid, Geschäftsführer (Managing Director) at C24.

Nick Lawler, Market Director, EMEA at Mambu, added, “After five successful years of collaboration, we are thrilled that C24 Bank has chosen to extend our partnership as it continues to build out its deposit products and services. It has been incredible to witness the growth of C24’s offerings, underpinned by Mambu’s cloud banking platform. We have seen how Mambu can simplify and streamline banks’ ability to launch innovative services. We look forward to empowering C24 Bank on its mission to help customers optimise their finances.”

Mambu’s software-as-a-service (SaaS) model and composable approach provide banks with faster time to market and added flexibility compared to legacy core solutions. Running on its modern, cloud-native platform, over 260 financial service providers have transformed their operating models to deliver innovative products for their customer base.

Previous Article

June 26, 2024

IBS Intelligence ranks Temenos as #1 banking software in 8 categories

Read More
Next Article

June 26, 2024

Reem Finance taps Network International for digital transformation

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

C24

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

PayDo partners with ClearBank for automated currency conversion

Read More

Today

Finastra & CredAble team to offer supply chain finance to banks globally

Read More

Today

QIB adds Request to Pay to Fawran instant payment service

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024