The sheer number of challenger banks and lenders is growing incredibly fast. So your customers have more choices than they’ve ever had. And because so many of these new banks and lenders use mobile apps, it’s never been easier for your customers to switch and try something new.

This new dynamic has created a new kind of arms race for the banking industry. See, the most successful banks and lenders have always been the ones with the best customer experience. But today, they’re the ones with the best digital experiences.

And the thing about building great digital experiences is that you’re always iterating and improving. So the most successful banks and lenders in today’s world don’t just need to deliver a great experience – they need to be agile enough to keep improving it too.

The future of banking is relentless change.

The future of banking is already here. This dynamic is already in motion. Established banks are scrambling to compete on these new terms. And challenger banks are already stealing customers away from the establishment.

But for both these groups, the fundamental challenge is the same.

How do you build a bank that’s designed to constantly change, evolve and iterate?

For the challengers, the hardest thing is staying laser-focused on the parts of their stack that actually differentiate them.

For the establishment, the problem’s a lot trickier. Not only do you need to build a bank that can constantly evolve – you also have to deal with all the legacy, core banking infrastructure that makes rapid iteration nearly impossible.

In both cases, what’s needed is a fundamentally different approach to building a bank.

Composable banking is a new approach to building banking and lending services that’s designed for the new dynamics unfolding in this industry.

Instead of spending months manually building integrations, you use stateless APIs. Instead of getting locked-in to a specific vendor, you stay open and free to improve. Instead of building commodity infrastructure, you build only what differentiates you.

But it’s already helping banks and lenders all over the world answer the biggest question facing them. Now that the future of banking is here – what are you going to do about it?

To find out why banks like N26 and New10 by ABN Amro have adopted a composable banking approach, read the Mambu ebook: An Introduction to Composable Banking.