TrueNorth has Announced a Partnership with Mambu
TrueNorth, a global fintech software development company, today announced a partnership with Mambu, a SaaS banking platform which empowers tech-forward financial institutions to design and service nearly any financial product. This partnership creates a cost-effective way for regional banks, credit unions and community banks to integrate with a leading cloud-native, modern core processor.
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.
Eelco-Jan Boonstra, MD EMEA at Mambu states, “This is a true partnership that helps deliver market changing technology to European-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 European market.” On the heels of a new €110 million funding round, Mambu is laying new stakes in the European banking market with the help of TrueNorth. Mambu’s powerful core processor has been chosen by banking and fintech leaders including Santander, 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.