Ferratum accelerates global expansion with Mambu.
Ferratum Group wanted to rapidly expand Ferratum Business to various countries with innovative new products customised to each market’s needs. The fintech pioneer needed a solution to help them grow the business, increase speed to market and integrate with existing systems. Mambu helped them transform operations to power rapid global expansion.
Cloud banking platform
Ferratum Group faced a lengthy and painful rollout due to the inflexibility of the in-house built core banking system. They had to look externally for a composable, stable and scalable solution that could easily connect to current systems and internal analytics, and decision engines. Mambu's engine was selected due to its high flexibility, scalability and capacity to accelerate the time-to-market for Ferratum's new lending entity.
With the main objective to avoid hard-coded integrations, Ferratum chose Mambu's composable archtitecture, which would ensure a centralised platform that wasn’t country specific and that could be easily configured.
Mambu brought all of Ferratum business loan management interactions onto one accessible and composable architecture, providing them with the ability to quickly and efficiently address a globally underserved segment of the market.
Using Mambu’s cloud platform has augmented Ferratum's existing loan processes to offer a simple application and approval process for SME borrowers accross Europe. On Mambu, Ferratum Business opened operations in seven new countries during the first three months of operations, and 10 countries over the next 12 months.