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Truenorth partners with Mambu, offers market-changing technology to US FIs

By Pavithra R

February 26, 2021

  • Truenorth
  • USA

Truenorth, building digital solutions for the future of financial services, healthcare, and education, has announced partnering with Mambu, a global SaaS banking platform empowering tech-forward FIs to design and service nearly any financial product.

The collaboration expects to create a cost-effective way for regional banks, community banks and credit unions to integrate with a leading cloud-native, modern core processor. The TrueNorth/Mambu venture is well-timed as COVID-19 signalled the accelerated need for digital technologies at small and medium-size FIs.

“This is a true partnership that helps deliver market-changing technology to US-based banks, credit unions, and regional banks. We see TrueNorth’s expertise in fintech and proven implementation processes as one of the fastest ways to deliver our technology solution to the US market,” said Johanna Pugh, Managing Director, North America at Mambu.

Mambu, on the heels of the recently raises funding round, is laying new stakes in the U.S. banking market with the help of TrueNorth. Its powerful core processor has been chosen by EU-UK banking and fintech leaders, including Santander, ABN AMRO, N26 and OakNorth.

“Mambu’s composable banking platform empowers FIs to select the core banking experience best suited for their members without being tied to a specific vendor, product or technology. And this is where our expertise really shines. Our engineers have the expertise to integrate their preferred products with the Mambu platform in a matter of months,” said TrueNorth CEO Alex Gonikman.

Founded in 2009, TrueNorth is one of the largest and most successful fintech software development companies in the world, having built 3 unicorns from scratch: LendingClub, Upgrade and Dianrong. It’s pioneering expertise, and reliable dev process brings products to market fast. This rare combination has led to the successful execution of 120 digital transformations and 45 original enterprises built from the ground up.

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