Banking Digital Fintech Investment Services News

TrueNorth Joins Forces With Mambu

TrueNorth Joins Forces With Mambu

TrueNorth, a global fintech software development company, today announced a partnership with Mambu, a SaaS banking platform which empowers tech-forward financial institutions to design and service nearly any financial product. This partnership creates a cost-effective way for regional banks, credit unions and community banks to integrate with a leading cloud-native, modern core processor.

Read More: Aurora Mobile Partners with Taikang Life Insurance to Strengthen Smart Insurance Solutions with AI Technologies

The TrueNorth/Mambu venture is well-timed as COVID-19 signaled the accelerated need for digital technologies at small and medium-size financial institutions, many of whom may have found themselves priced-out of upgrading their technologies and customer experience.

Johanna Pugh, Managing Director, North America at Mambu states, “This is a true partnership that helps deliver market changing technology to US-based banks, credit unions, and regional banks. We see TrueNorth’s expertise in fintech and proven implementation processes as one of the fastest ways to deliver our technology solution to the US market.” On the heels of a new $135 million funding round, Mambu is laying new stakes in the US banking market with the help of TrueNorth. Mambu’s powerful core processor has been chosen by EU-UK banking and fintech leaders including Santander, ABN AMRO, N26 and OakNorth.

Read More: GlobalFintechSeries Interview with Irwin Grossman, CEO and Co-founder at Delta Payment Solutions

TrueNorth CEO Alex Gonikman notes, “Mambu’s composable banking platform empowers FIs to select the core banking experience best suited for their members without being tied to a specific vendor, product or technology. And this is where our expertise really shines. Our engineers have the expertise to integrate their preferred products with the Mambu platform in a matter of months.” TrueNorth’s pioneering expertise and reliable dev process brings products to market fast, three to 6 months. This rare combination has led to the successful execution of 120 digital transformations and 45 original enterprises built from the ground up.

Read More:  Spurred by Coronavirus, Investors Will Drive the Digital Advice Revolution

Related posts

Tipalti Grows Revenue by More Than 85%, Increases Annualized Transactions to More Than $18 Billion

FTS News Desk

Sensorium’s Senso Token Lists on the Top Ten HitBTC Cryptocurrency Exchange

FTS News Desk

Global Banks Known for their People and Work Culture

FTS News Desk