Software-as-a-Service firm Mambu, based in Germany, has launched its online marketplace for banks to access an array of apps, the company announced today (Thursday, April 5).
An announcement sent to PYMNTS said Mambu Marketplace is now live, enabling financial institutions to pick and integrate apps to support their digital upgrades and transformation. Its architecture uses API technology to support integrations, the company noted.
“We are building a comprehensive marketplace of partners to support the banking and lending architectures of the bank of tomorrow,” said Ben Goldin, head of Products & Technology at Mambu. “Traditional core systems and products delivered by a single vendor are not agile enough to compete in the digital age. Our solution architects will work with clients to integrate their chosen solutions with Mambu, reducing risk and time to market. By working with leading technology partners, institutions can quickly build the right architecture wherever they are on their transformation digital journey. It also allows them to focus on delivery of their strategy and customer experience instead of dedicating time and resources to development.”
The executive added that the Marketplace is also a portal for bank solution developers to reach a broader customer base; Mambu emphasized the importance of collaboration in improving the banking services industry.
“With a digital-first mindset and a shared view of agility, integration and modularity, this collaborative approach will change how digital banking solutions are delivered,” Goldin added. “Our growth and success is linked to partner success as we work towards common client goals.”
The launch of its Marketplace comes two years after Mambu announced about $8.7 million in funding from Acton Capital Partners and CommerzVentures. At the time, the company said it would use the investment to focus on international expansion, particularly across Asia and the Americas.