Ibercaja Banco taps Mambu to power consumer finance solutions

By Gloria Methri

Mambu has partnered with Spanish bank Ibercaja Banco to launch a dedicated consumer finance entity in early 2025. The partnership underscores Mambu’s expertise in enabling incumbent banks to develop modern, consumer-focused solutions with speed, agility and innovation.

For Ibercaja, partnering with Mambu will help its consumer finance operations, delivering greater scalability, responsiveness and speed to market to meet evolving customer needs.

The phased rollout will commence with Ibercaja Technology Solutions, a newly launched division dedicated to innovation in consumer finance and payments. It will pave the way to modernise the bank’s legacy stack further and evolve its portfolio to fully service the consumer lending line of business in the long run.

“We are delighted to support Ibercaja in reimagining consumer finance in Spain, enabling transformational growth through our platform. This partnership underscores our commitment to fostering long-term, sustainable growth for established financial institutions,” said Mark Geneste, Chief Revenue Officer, Mambu. “By working with leading regional players to modernise their offerings and transform their core, we are shaping the modern banking and financial experiences customers want and need.”

Managing €97.9 billion in assets for over 2.5 million Spanish customers, Ibercaja plans to transition its consumer finance operations to Mambu’s cloud-native platform, underpinned by Amazon Web Services (AWS) through a staggered approach over the coming years.

Leandro Hermida Brañas, CIO, Ibercaja said, “Mambu’s expertise and experience are key to accelerating Ibercaja’s technological transformation and market expansion, fully aligning with our vision and technological strategy. Our goal is to lead the Spanish consumer finance market through technological leadership and an exceptional customer experience. With Mambu’s composable API-first platform and extensive partner ecosystem, we aim to reach 200,000 new customers within five years and later deliver future-ready, sustainable financial solutions to our existing customers.”