The TrueNorth/Mambu venture is well-timed as COVID-19 signaled the accelerated need for digital technologies at small and medium-size financial institutions, many of whom may have found themselves priced-out of upgrading their technologies and customer experience.
Johanna Pugh, Managing Director, North America at Mambu states, “This is a true partnership that helps deliver market changing technology to US-based banks, credit unions, and regional banks. We see TrueNorth’s expertise in fintech and proven implementation processes as one of the fastest ways to deliver our technology solution to the US market.” On the heels of a new $135 million funding round, Mambu is laying new stakes in the US banking market with the help of TrueNorth. Mambu’s powerful core processor has been chosen by EU-UK banking and fintech leaders including ABN AMRO, N26 and OakNorth.
TrueNorth CEO Alex Gonikman notes, “Mambu’s composable banking platform empowers FIs to select the core banking experience best suited for their members without being tied to a specific vendor, product or technology. And this is where our expertise really shines. Our engineers have the expertise to integrate their preferred products with the Mambu platform in a matter of months.” TrueNorth’s pioneering expertise and reliable dev process brings products to market fast, three to 6 months. This rare combination has led to the successful execution of 120 digital transformations and 45 original enterprises built from the ground up.