Cloud banking platform Mambu announced it is now available on Google Cloud Marketplace. This opens the door for more fintechs, neobanks, traditional banks, and non-financial institutions to embrace cloud technology.
The two entities shared customers will have access to a highly scalable, secure platform, with open access to new markets as well as a decreased time to market as they launch innovative financial products.
Their shared customers include bob Finance, a Zurich-based digital financial services provider, Bank Jago, an Indonesian-listed bank, and Libertad Soluciones de Vida, an established microfinance entity in Mexico, all of which leverage Mambu’s cloud banking platform on Google Cloud.
According to a Google Cloud study, many financial institutions are reviewing their banking platforms and are turning to cloud migrations in a bid to adapt to changing customer behaviours and expectations, enhance operational resilience, and support the creation of new products and services
The announcement builds on Mambu’s existing partnership with Google Cloud.
William Dale, Regional Vice President APAC at Mambu said,
“Our strategic partnership with Google Cloud has given us greater control over costs, performance, security and scalability, which we then pass on to our customers. As an extension of this global collaboration, joining the Google Cloud Marketplace allows us to reach even more financial institutions looking to bring solutions to market faster and with greater flexibility.”
Toby Brown, Managing Director, Global Banking Solutions at Google Cloud said,
“To stay competitive, it’s crucial for banks to embrace new core banking technology. Mambu’s partnership with Google Cloud enables the company to unlock new markets and expand its customer base globally by leveraging our scalable, secure cloud technology and working together on joint business strategies. We are pleased to work with Mambu as they support more financial customers in building truly next-generation experiences.”
This post originally appeared on TechToday.