Our solution reduced the bank’s core operating costs drastically and helped them create
the fintech hub to meet the needs of their experience-focused customers.
Number 26 started operations with a core banking system provided by a partner bank with the aim of reinventing banking.
Selected the Mambu SaaS banking engine as the challenger applied for and received its own banking license in July 2016, allowing it to operate as a fully-fledged bank within the EU.
The implementation went live in October 2016 and enables N26 to migrate all of its customers over to Mambu's SaaS banking engine.
Powered by the Mambu SaaS banking engine the bank could rapidly integrate systems and quickly bring tailored products and services to meet market demand for a simple and seamless digital banking experience.
Mambu enabled N26 to cut core operating costs drastically by minimising their IT resource requirements, helping them create a fintech hub to meet the needs of its experience-focused customers.
Mambu enhanced it current account and overdraft functionalities to support the bank’s transactional needs. Due to its SaaS model and regular release programme, all Mambu clients benefit from these enhancements.
The first pan-European mobile-only bank uses Mambu’s solution to reduce costs and grow.
The first pan-European mobile-only bank uses Mambu’s SaaS banking engine to reduce costs and grow.