back Back

Mambu launches new digital solution for SME lenders

By Megha Bhattacharya

July 27, 2021

  • America
  • Mambu
Share

mambuMambu, the SaaS cloud banking platform, has unveiled a fully digital solution for SME lenders that cuts costs and time to market. The platform not only provides banks and FinTechs with scalable loan management technology but also easy access to an ecosystem of partners such as web-based identity authentication, credit checks and loan origination.

Jason Oakley, CEO of Recognise said: “For too long SMEs have had to do with below average service levels. We know that speed and flexibility are critical for SMEs and the current SME banking providers are no longer fit for purpose. This is why we decided to select a cloud solution early on our journey.”

Mambu’s SME lending solution is designed for fast new product launches and offers great flexibility in order to quickly adapt to changes. The solution offers a variety of options to adjust loan conditions in order to support borrowers that are in financial difficulties. This flexibility helps clients to better serve SME companies and to release financial burden during pandemic times.

Elliott Limb, Chief Customer Officer, Mambu added: “Small businesses have been greatly affected by the pandemic. Whether that’s starting a new company or growing an existing one, there’s never been a bigger requirement for SME lenders to offer the services their customers need. And with Mambu’s composable approach we provide an agile way for our clients to build and shape new financial services around the businesses they want to help.”

Previous Article

July 27, 2021

Barclays appoints Ingrid Hengster as Country CEO of Germany

Read More
Next Article

July 27, 2021

Delta Capita announced their new Chief Business Development Officer

Read More








IBSi Daily News Analysis

March 22, 2024

America

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra 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

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

Today

Pulsate joins the Jack Henry™ Vendor Integration Program

Read More

March 27, 2024

5 Digital banks revolutionising the FinTech landscape in Hong Kong

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
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