Berlin-based mobile bank N26 has chosen Mambu, the SaaS banking engine, to integrate systems and quickly bring services to market in support of its growth strategy.
Before N26 was granted a full banking licence in July last year, it used the services of a partner bank and then migrated to its own platform in late 2016. Since then their customer base has grown by 500 per cent, helping them reach the 500,000 customer mark in August 2017.
The Mambu implementation went live in October last year and enabled N26 to migrate all of its customers over to the bank. Mambu’s current account and overdraft functionalities were also enhanced to support the bank’s transactional needs.
Gino Cordt, chief technology officer at N26, said: “Mambu allowed us to cut our core operating costs drastically by minimising our IT resource requirements, helping us create the FinTech hub to meet the needs of our experience focused customers.
“Mambu’s ease of integration, flexibility and time to market has helped us to give our customers an unrivalled, technology-driven mobile banking experience.”
Eugene Danilkis, co-founder and CEO of Mambu, added: “Mambu is excited to be working with N26 as they are realising the true potential of mobile-first banking. By putting customer experience at the centre of their strategy, they have created an app which gives their customers a truly simple banking experience.”
Latest News
-
Bank of England to swap emerging payments experts with NY Department of Financial Services
-
Mastercard agrees to $26m settlement in workplace pay bias case
-
Intesa Sanpaolo first Italian bank to buy bitcoin
-
Revolut chief exec lands ‘£350m windfall’ after share sale
-
Chainalysis acquires Alterya
-
Goldman Sachs invests in Canadian FinTech Float
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories