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Member News: Mambu's SaaS Banking Engine Helps N26 Transform Operations

Member News: Mambu's SaaS Banking Engine Helps N26 Transform Operations

SME Finance Forum member Mambu, the SaaS banking engine, announced that its solution is being used by N26 to allow the Berlin-based mobile bank to integrate systems and quickly bring services to market in support of its growth strategy.

Before N26 was granted a full banking licence in July last year, it used the services of a partner bank and then migrated to its own platform in late 2016. Since then their customer base has grown by 500%, helping them reach the 500,000 customer mark in August 2017.  

“Mambu allowed us to cut our core operating costs drastically by minimising our IT resource requirements, helping us create the FinTech hub to meet the needs of our experience focused customers,” said Gino Cordt, Chief Technology Officer at N26. “Mambu’s ease of integration, flexibility and time to market has helped us to give our customers an unrivalled, technology-driven mobile banking experience,” he said.

N26 also launched a loan product on the Mambu platform in February 2017.