Mambu Announces Extended Cloud Approach With Three Leading Cloud Providers

Customers can choose from AWS, Google Cloud or Microsoft Azure to
complement strategic hosting objectives

SINGAPORE – (NewMediaWire) – October 26, 2022 – Mambu, the leading SaaS cloud banking platform, has announced
general availability across three leading cloud providers Amazon Web Services
(AWS), Google Cloud and Microsoft Azure, expanding its global market reach.

The fintech’s cloud approach allows complete flexibility for customers
to meet ambitious expansion plans seamlessly, giving customers the choice to
use the most secure, reliable and high-performance technology stack available.
Mambu customers have a choice of provider based on their specific business,
technical and regulatory requirements, located in the same or a different
geographical region, without impacting availability or service levels.

For decades, legacy technology solutions have been slow to implement
but, now, using Mambu’s cloud banking platform, products can be pushed to
market in weeks and over 95% of core banking transformations go live in months.
Mambu’s composable platform provides components that can be selected and
assembled in various combinations to satisfy specific user requirements. This
empowers financial institutions to modernise their infrastructure, meet rapidly
changing customer behaviours and expectations, and drive business growth. The
development promises more customer choice, a secure foundation to meet
financial security standards and high reliability for all three cloud

William Dale, Regional Vice President APAC at Mambu, said: “We’re
at a pivotal stage in our growth, and implementing this extended approach will
allow us to continue providing the best service for our customers. Many
technology providers rely on public cloud services; however, Mambu’s extended
deployment flexibility meets the growing demands for performance, security and

“Having the opportunity to work with three of the leading cloud
providers supporting over 230 banks and non-bank financial institutions is a
game changer. Financial institutions’ choice of cloud service provider is
influenced by strategy, existing relationships, availability of services and
hosting requirements. The general availability of these cloud providers on
Mambu will help us continue to create better financial experiences for existing
and new customers across the globe.”

The announcement follows a record €235 million Series E funding round for Mambu
in December last year – the largest private fundraise for a cloud banking
platform. As Mambu sets its sights on accelerating revenue growth, as well as
continued investment in building a global, sustainable and differentiated
platform for customers, Mambu has appointed four new senior hires. This
includes Chief Revenue Officer, Werner Knoblich, Chief Financial Officer, Tripp
Faix, Chief Product and Technology Officer, Fernando Zandona and Chief of Staff
to the CEO, Sabrina Dar.

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About Mambu

Mambu is the world’s only true SaaS cloud banking platform. Launched
in 2011, Mambu fast-tracks the design and build of nearly any type of financial
offering for banks of all sizes, lenders, fintechs, retailers, telcos and more.
Our unique composable approach means that independent components, systems and
connectors can be assembled in any configuration to meet business needs and end
user demands. Mambu has 900 employees​ that support 230 customers in over 65
countries – including Western Union, Commonwealth Bank of Australia, N26,
BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. .

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