Mambu announces availability in AWS Marketplace

Mambu, a leading Software as a Service (SaaS) cloud banking platform, today announced it is now available in AWS Marketplace, making it one of the first core banking providers on the site. AWS Marketplace is a digital catalogue with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

The announcement marks the next phase of Mambu and AWS’s decade-long relationship, which has allowed the fintech to expand its reach and seamlessly deliver its core banking services globally. Mambu and AWS serve more than 200 mutual customers, including N26, BancoEstado, and WesternUnion, all of whom leverage Mambu’s cloud banking platform on AWS. By making Mambu available in AWS Marketplace, it will be easier than ever for financial organisations to begin their cloud journeys and modernise their infrastructure to meet rapidly changing customer behaviours and expectations.

Nick Lawler, Market Sales Director (Northern Europe) at Mambu: “We have been leveraging the power of AWS since the beginning to become a truly world-class cloud banking platform. We now empower financial services customers in over 65 countries, and alongside AWS we remain committed to solving customer problems and helping them drive better business outcomes. Making Mambu available in AWS Marketplace is a testament to the value we see in our shared vision of empowering our customers with a resilient cloud infrastructure. We are eager for the next phase in our relationship as we work together on go-to-market and provide more financial institutions with a next-generation core banking system.”

Chetwood Financial, a UK digital bank, is the first customer to have chosen Mambu’s cloud banking platform in AWS Marketplace. On Mambu, Chetwood can scale and flexibly configure its deposit products in a matter of minutes, using technology to take complexity and friction out of the process of accessing financial services.

Mark Contreras, Chief Technology Officer at Chetwood Financial: “Chetwood Financial is a digital bank with a difference. Since earning our full UK banking licence in 2018, we’ve focused on creating distinctive and disruptive financial products for underserved segments of the market. We chose Mambu to power our deposit offerings in AWS Marketplace because of our belief in the power of cloud technology. With the cloud, we can keep costs low while innovation and security remain high – benefits that we then pass on to customers. Together, we look forward to delivering solutions tailored to address our customers’ unique needs.”

Recent McKinsey research found that among financial services leaders, 54 per cent said they expect to shift at least half of their workloads to the public cloud over the next five years. As the sector continues to evolve alongside demands for digital-first, innovative banking services, the cloud has great potential to unlock new business efficiencies and use cases, while optimising costs.