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.
Fintech pioneer, the Ferratum Group wanted to rapidly expand Ferratum Business to various countries with innovative new products customised to each market’s needs.
However it 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 stable, agile and scalable solution that could easily connect to current systems and internal analytics and decision engines.
Mambu was selected due to its flexibility, scalability and capacity to integrate to their middleware and proprietary technology while accelerating time-to-market for its new business lending entity.
They chose a cloud native solution to ensure they had a centralised platform that wasn’t country specific and that could be easily modified.
Mambu brought all of Ferratum business and consumer loan management interactions onto one modern and accessible architecture, providing them with the ability to quickly and efficiently address a globally underserved segment of the market.
Using Mambu’s SaaS banking engine has augmented their existing loan processes to offer a simple application and approval process for SME borrowers in Europe.
Powered by Mambu, Ferratum Business opened operations in 7 new countries during the first 3 months of operations, and 10 countries over the next 12 months.
International mobile loan provider speeds time-to-market with flexible cloud platform.
Cloud SaaS banking engine Mambu has forged an agreement with Ferratum Group to power "Ferratum Business".
“Mambu gave us the ability to quickly and efficiently address a globally underserved segment of the market with an expedited rollout and the ability to service a diverse range of SME products.”
Director of Business Lending
“Mambu is scalable, flexible, with no hard coding, configurations only, well-fitting API connection to our own middle layer. Mambu is the optimal solution.”
Chief Operation Officer