Mambu becomes one of the first banking providers to launch on AWS

Credit: Shutterstock
Credit: Shutterstock

Software-as-a-Service (SaaS) platform Mambu has announced it has become one of the first banking providers to launch on the Amazon Web Service (AWS) marketplace. 

Mambu and AWS will serve more than 200 mutual customers to leverage the latter’s cloud banking platform on the marketplace, becoming easier for financial services to enact their cloud journeys and modernise their infrastructure.

The announcement also marks the next phase of Mambu and AWS’ decade-long relationship which has seen the SaaS platform expand its reach and deliver core banking services on a more global scale. 

Nick Lawler, Market Sales Director, Northern Europe, at Mambu, commented: “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 minutes, using technology to take complexity and friction out of the process of accessing financial services.

Mark Contreras, Chief Technology Officer at Chetwood Financial, added: “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.”