Mambu stories
New Zealand climbs 15 places in the Global Fintech Rankings, reaching number 30 worldwide, according to a report by findexable.
Mambu, the SaaS banking platform, has raised $235m in a Series E funding round led by EQT Growth, valuing the company at $4.9bn.
Embedded finance is projected to be worth US$3.5 trillion to the global retail sector, accounting for 49% of the market within a decade, says Mambu report.
APAC banks risk losing market share and ceasing to exist unless they digitally transform, says a report by Mambu and The Financial Times Focus.
New Mambu study shows 73.5% of Australian consumers have never heard of open banking, but the sector must build trust.
Mambu states that 1.8 billion Muslims are being underserved in the banking market, in part due to a lack of Sharia-compliant solutions.
This is our second IT Jam with a representative from Mambu: Today, it's Kristofer Rogers, the company's general manager for ANZ.
The COVID-19 pandemic has accelerated the digital transformation of the banking sector, resulting in rapid changes and challenges for established banks.
Mambu is a SaaS banking platform, providing technology to banks and others to power lending, deposit and other banking products.
This latest funding round was backed by TCV, which is a capital investment firm that has backed the likes of Airbnb, Expedia, LinkedIn, Netflix, and Zillow.
Backbase and Mambu have joined forces to offer a comprehensive SaaS banking solution, helping financial institutions modernise and improve customer engagement.
Software as a service (SaaS) banking engine Mambu has been positioned as a challenger in Gartner's 2019 Magic Quadrant for Global Retail Core Banking.
