Backbase, an omni-channel banking solution provider, announced on Thursday it has formed a new partnership with cloud-banking platform Mambu to create an end-to-end integrated SaaS banking solution. According to Backbase, the combined offering provides financial institutions with a fully integrated end-to-end cloud-native digital banking solution on an open and modern architecture.
“Financial institutions that are exploring new ways to modernise their IT infrastructure can create new value for their clients on a daily basis and dramatically reduce their back-end operating costs.”
While sharing details about the partnership, Jouk Pleiter, CEO and Founder of Backbase, stated that the companies are “united” in the goal to transform the banking industry and the partnership will provide a front-to-back solution.
“We enable banks to break free from legacy applications and successfully compete in a digital-first world. This is especially true for Greenfield banks, for which we can launch a complete new service in a matter of months.”
Ben Goldin, CTO and CPO at Mambu, then added:
“By partnering with Backbase, we give our customers a future-proof solution that will offer them the flexibility they are looking for.”
Founded in 2003, Backbase describes itself as a fast-growing fintech software provider that empowers financial institutions to accelerate their digital transformation and effectively compete in a digital-first world. Backbase noted more than 80 large financials around the world have standardized on the Backbase platform to streamline their digital self-service and online sales operations across all digital touchpoints. Customers of Backbase include HSBC, ABN AMRO, Lloyds Banking Group, Barclays, CheBanca!, Credit Suisse, Fidelity, Hapoalim, HDFC, Hiscox, ING, KeyBank, Legal & General, NBAD, OTP, PZU, PostFinance, Societe Generale de Banque au Liban and Westpac.