Mambu has integrated Signicat's identity services with its SaaS banking platform, to allow European financial services firms efficiently onboard customers digitally, conduct web-based identity authentication and use legally-binding electronic signatures.

Mambu customer Fixura, a P2P lending company based in the Nordics, has used the integration to strengthen its lending product portfolio and digitise its customers’ identity lifecycle.

Hannu Puolitaival, chief operating officer at Fixura, said: “The integration of Signicat’s digital identity platform means we can be confident that transactions are between verified and trusted users.”

Eelco-Jan Boonstra, managing director for EMEA at Mambu, said: “Identity fraud continues to be a major threat to businesses across the globe and damages trust, and the pandemic has only accelerated this.

“Signicat’s digital identity platform means that you know who you are dealing with and helps you deliver trusted digital customer experiences.”

Asger Hattel, chief executive of Signicat, added: “Global lockdowns have turned a desire for digital services into an urgent need. Our research into consumer attitudes towards onboarding shows that financial service providers are struggling to keep up with consumers’ digital demands and it is costing them customers.

“Partnering with Mambu means we can help more providers unlock the benefits of digital identity.”

The partnership follows Mambu’s recent €110 million funding round.

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