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Mambu’s Digital Banking Services now Runs on Google Cloud Platform (GCP)

Mambu Digital Banking platform is now available on Google Cloud. They would join forces to bring Cloud-agnostic features with SaaS.

According to Gartner’s Emerging Trends Barometer report, the four key aspects of digital transformation in financial services are:

– AI and machine learning

– Customer Experience Management

– Cybersecurity and data privacy

– Organizational readiness to meet shifting consumer demands

The fourth point has become the most challenging task for financial services, especially in the COVID-19 world. With physical banking completely off the rail, digital banking, and payment solutions, along with crypto banking have emerged as the biggest markets for the financial services providers across the globe. Mambu is leading the way in the COVID-19 world with its agile Composable banking Cloud and SaaS platform for financial services. In a major partnership update, Mambu has announced its partnership with Google Cloud Platform (GCP).

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Mambu’s entire Digital Banking platform is now available on Google Cloud Platform. These include:

  • banking and lending engines,
  • process orchestrator,
  • payment integrations,
  • ecosystem connectors and supporting services.

GCP would enable Mambu to continue to grow its marketing and sales aspirations, helping them seamlessly deliver world-class digital service in a meaningful manner. With its cloud-agnostic banking platform, Mambu is better positioned to meet all the four objectives that Gartner has pointed out in the Emerging Trends Barometer report.

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Recently, Mambu announced its renowned banking Cloud-platform for new digital financial services was picked by GoBear to accelerate penetration into unbanked and underbanked regions of South East Asia. Earlier, Vietnam’s leading retail commercial bank chose Mambu to drive its digital transformation.

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In Asia, big banking institutions are ready to experiment with new emerging digital capabilities such as Blockchain and Cryptocurrency. With the merger of AI, Machine Learning, Big Data and Analytics, banks and financial services providers are exploring better ways to serve under-privileged customers, especially those who are yet to get familiar with the world of smartphone and mobile wallet applications.

In such a scenario where a majority of the rural population is yet to reach a new-banking market, Mambu presents a fertile opportunity to the financial services market to provide transparent, reliable and safe “Open Banking” options to all players.

Google Cloud and Mambu would join forces to bring Cloud-agnostic features with SaaS offerings, empowering customers to meet strict local data residency requirements and security benchmarks enforced by respective countries in the region.

At the time of this announcement, Ben Goldin, Mambu’s Chief Technology and Product Officer said, “We continue to see more financial institutions looking to make the move to the cloud, and in particular, looking for a cloud-native solution.”

Ben added, “Cloud allows customers to innovate fast, reconfigure products and services quickly, and develop products that customers actually want. This makes them more competitive, incur lower costs and removes risk. Our partnership with Google Cloud allows us to help customers grow as we can now stay closer to those who run their operations on Google Cloud and expands their horizon in terms of countries of operation.”

Chris Arisian, Director, Partnerships at Google Cloud said,

 “With this partnership, banks and financial services organizations can extend their digital banking services, powered by Mambu, onto Google Cloud’s global, elastic, and secure infrastructure, helping them build scalable, customer-centric banking experiences.”

Source: Mambu

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