Nordiska extends its partnership with Mambu

By Joy Dumasia

Mambu, the cloud banking platform enabling modern financial experiences, announced that it had extended its partnership with Nordiska for seven years to continue supporting the institution’s growing financial services offering and expansion plans.

A licensed and regulated Swedish financial institution, Nordiska began operations in 2014 by offering specialised business loans. Nordiska and Mambu partnered in 2016 to replace their custom-built legacy systems with fully cloud-based infrastructure. Within months of full go live, Nordiska expanded from Sweden to Finland and Germany. Nordiska also recently acquired another Mambu customer in the region, following a growth strategy underpinned by the international expansion of the cloud banking offering.

Niklas Andersson, Cloud Banking Specialist of Nordiska, commented: “Our partnership with Mambu has opened enormous possibilities for us over the years and, in turn, for our customers, fitting our vision and strategic purpose of being one of the leading providers of cloud banking services in the Nordics and the European Union. We are in control of all data, system configurations, business logic and workflow. The Mambu ecosystem has accelerated Nordiska’s mission to provide technology, compliance and business driving liquidity to any company selling financial products, whilst remaining fully compliant with regulations.”

Pehr Petersson, COO of Nordiska, added: “We have invested significantly in our infrastructure, bringing scale and speed to our operations. To continue scaling our services across the region, investing in the latest and best technology is a top priority for Nordiska. We look forward to continuing our partnership with Mambu to further harness their platform and accelerate our growth.”

Peter Richmond, VP Customer Success at Mambu, said: “Nordiska is a great illustration of how a versatile ecosystem can help an institution scale and evolve in order to strengthen its customer focus. Technology is an enabler, and a composable foundation has allowed Nordiska to diversify and differentiate in a changing market. We look forward to continuing our collaboration to expand their product offering and build the distinctive experiences that customers demand, at scale and speed.”