back Back

Mambu and Rich Data Corporation partner to support AI innovation for lenders

By Joy Dumasia

October 12, 2021

  • Banks
  • Credit Score
  • Credits
Share

MambuMambu, the market-leading cloud-native SaaS banking platform, combined with Rich Data Corporation‘s (RDC) cutting edge AI-powered decisioning SaaS platform, is set to enable innovative credit solutions in the local financial services sector.

Today’s borrowers have a strong appetite to consume credit in new and different ways, with an ideological shift towards credit products that are flexible, diverse, and needs-based. The challenge for lenders is that traditional deployment architecture is not equipped to plumb in new and alternate data sets, support AI or rapidly deploy innovative new credit offerings.

Mambu and RDC are partnering to enable traditional and neo banks to leverage the latest AI techniques to operate efficiently, configure and deploy rapidly, and mitigate credit risk. Unlocking the value of AI means that lenders are armed with a diverse set of tools to make sound credit risk decisions, even with limited or no readily available data.

RDC and Mambu bring AI innovation to life, with cloud infrastructure to support AI in the origination and servicing of the credit lifecycle. RDC’s unique AI-native credit risk solution brings together modelling and decisioning within a single platform, simplifying the traditional credit technology landscape while enabling lenders to maximise the use of all available data to make accurate predictions and execute intelligent decision strategies. The combined value delivered by the two organisations will enable banks to improve workflow and address efficiency issues, achieve faster time to yes, and faster time to fund.

Myles Bertrand, Managing Director of Mambu APAC, said: “We are excited to be working together with RDC to facilitate innovation and increase the accuracy of lending decisions while also increasing efficiency and speed to market for new offerings. Mambu’s composable approach allows seamless integration via API with market-leading solutions such as RDC’s platform, and we look forward to continued collaborations to solve customer challenges.”

IBS Intelligence reported that Digital Bank, a brand of Raiffeisen Centrobank AG, has announced that their new personal lending mobile app has gone live in Mambu.

Previous Article

October 12, 2021

PlayDough Technologies secures $2m funding round as play-to-earn games take-off

Read More
Next Article

October 12, 2021

GoldenSource ESG Impact Integrates with ICE

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Banks

Most of KSA organizations uses AI in their cybersecurity strategies, 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

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

INSTANDA & UnderwriteMe team to transform life insurance with no-code tech

Read More

May 17, 2024

M&T Bank taps nCino & Rich Data Co. to manage credit risk and loan performance

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
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 2023