Mambu and Rich Data Corporation partner to support AI innovation for lenders
By Joy Dumasia
Mambu, 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.
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