Mambu is expanding its cloud approach and market reach having announced general availability across Amazon Web Services (AWS), Google Cloud and Microsoft Azure.
The software-as-a-service (SaaS) banking platform, which is supported by cloud technology, will now be hosted across its three chosen cloud providers.
This will enable the platform’s customers to select the most appropriate cloud solution for their needs; be they geographical, regulatory or performance related.
Mambu’s composable platform provides components that can be selected and assembled in various combinations.
This variability enables financial institutions to modernise their infrastructure, meet rapidly changing customer behaviours and expectations, and drive business growth.
Its latest development seeks to promote wider options for its customers while establishing a reliable foundation to meet financial security standards.
Recognising how Mambu is at “a pivotal stage in our growth,” the company’s chief product and technology officer, Fernando Zandona, explains how “implementing this extended approach will allow us to continue providing the best service for our customers.”
“Many technology providers rely on public cloud services,” he continues, “however, Mambu’s extended deployment flexibility meets the growing demands for performance, security and reliability.”
Zandona describes the opportunity of working with three of the largest cloud providers as a “game changer” for the platform.
“Financial institutions’ choice of cloud service provider is influenced by strategy, existing relationships, availability of services and hosting requirements,” adds Zandona.
“The general availability of these cloud providers on Mambu will help us continue to create better financial experiences for existing and new customers across the globe.”
The announcement follows the company’s €235million Series E funding round back in December, the largest private fundraising for a cloud banking platform, while it continues to appoint new senior positions within the company to ensure its sustained revenue growth.