Tandem Bank goes live on Mambu’s SaaS banking platform

By Megha Bhattacharya

Mambu today announced that Tandem Bank has gone live on its SaaS banking platform with an aim to fully rebuild Tandem’s platform. The Bank will be able to benefit from full control on all its product services and improve their understanding of customer behaviour.

According to Tandem, the collaboration will enable it to provide the digital-only bank’s demographic a more curated customer experience and create more agile operations when launching new products.

“We’ve been progressing towards a greener banking ethos for a while now,” said Noam Zeigerson, Chief Data and Technology Officer at Tandem. “And with our recent acquisition of Allium Lending Group, we’ve been able to accelerate on this mission. We needed a technology partner that was both a culture fit for Tandem and had also technical hacks. Finding a partner that is expert in a complex task, such as managing banking ledgers, enabled as well as making it all available in a programmatic way via APIs was a key for our success. It allowed us to focus on creating value to our customers, building our software technology in the way we love and move our business forward.”

Recently, challenger Tandem Bank announced the launch of a new banking platform along with enhanced banking services for its customers. Tandem and intive have collaborated for the development of a scalable banking platform that aggregates services and simplifies financial products’ optimization.

“Having both teams closely aligned reduced the risk associated with implementation and migration processes, giving Tandem the confidence that if any issues should arise, they would be met by a well-briefed Mambu team, able to react quickly,” said Eelco-Jan Boonstra, Managing Director of Mambu EMEA. “When Tandem decided to move away from more traditional software providers, they knew it was the way to remain sustainable and achieve their green goals – and we’re exceptionally pleased to not only prove them right, but surprise them by how quickly we achieved it.”