Mambu and ModusBox partner to accelerate digital modernization and improve data access for financial institutions
SEATTLE – (COMMERCIAL THREAD) – ModusBox is pleased to announce its partnership with Mambu – the global Fintech platform. The partnership will help the next generation of financial institutions challenge the status quo. Mambu and ModusBox bring a combination of local and global experiences and strengths to the US market. They will continue to expand their collaboration by integrating Mambu into PortX – ModusBox’s integration platform and connectors for financial institutions.
Mambu’s composable SaaS model, first API, allowed ModusBox to fully establish and test the connection to a pilot network within hours. This speed and access will help any financial institution gain the agility necessary to develop best-in-class experiences and successfully compete in the marketplace.
“We are delighted to partner with Mambu as we believe that the composable banking model is an essential element in enabling all types of financial institutions, from MFIs to commercial banks, to have a financially inclusive strategy,” said David Wexler, CEO of ModusBox. âThe key to true financial inclusion is to focus on the service the customer receives, not the service the financial institutions intend to provide. This is exactly where Mambu and ModusBox are focusing.
âThis partnership elevates our clients’ abilities to create personalized experiences from Mambu’s diverse ecosystem of fintech partners,â said Johanna Pugh, General Manager NAM at Mambu. âModusBox’s SaaS-based native cloud integration tools align perfectly with the Mambu platform both technically and from a financial inclusive perspective. We are excited to provide this value to our customers, partners and prospects. ”
Mambu is the world’s only true SaaS cloud banking platform. Mambu accelerates the design and construction of almost all types of financial products for banks, lenders, fintechs, retailers, telecom operators, etc. Our unique composable approach means that independent components, systems and connectors can be configured however our customers need to meet their customers’ needs. Founded in 2011, Mambu has 700 employees and 200 clients worldwide, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, League Data and Orange Bank. For more information, please visit www.mambu.com.
ModusBox is a financial services technology company focused on open banking solutions that unlock access to basic banking data and eliminate vendor dependencies. We help financial institutions allow their teams to connect to real-time payment networks such as ZelleÂ®, Mojaloop, ACH, Fedwire and others. Additionally, our solutions enable interoperability between online banking, credit checks, mortgage and loan applications, and other internal systems enabling a fast and accurate view of customer data. For more information, please visit www.modusbox.com.