N26 bank selects Mambu to integrate systems
Written by Anthony Strzalek
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.”