Mambu and iuvity Partner to Help Banks Launch Digital Solutions

Mambu and iuvity have partnered to help banks accelerate the launch of new digital capabilities.

With this collaboration, the companies offer a full range of digital solutions for both personal and business banking customers that financial institutions can launch in a matter of a few months, the companies said in a Tuesday (May 30) press release.

“The demand for cloud-based financial services continues to grow at a rapid pace and partnering with Mambu demonstrates our commitment to creating an ecosystem that supports the diverse needs of financial institutions around the world,” iuvity CEO Felipe Uribe said in the release.

The partnership provides a prebuilt integration between iuvity’s digital banking platform and Mambu’s core cloud deposit and loan solutions, according to the press release.

Both platforms use a modular approach that allows financial institutions to modernize their existing systems with products that are flexible and scalable, the release said.

“By offering the prebuilt integration and orchestration capabilities of these two powerful platforms, financial institutions of all sizes can leverage both to quickly adapt their business models and accelerate the delivery of new FinTech products and integrations, driving faster innovation and growth,” Uribe said.

PYMNTS research has found that traditional banks can meet the needs of today’s customers with robust digital banking offerings.

Consumers consistently show a strong preference for digital approaches to financial support, underlining the necessity of banks’ meeting their clients’ technology needs, according to “How Traditional Banks Are Competing With Digital-First Challengers,” the February edition of the “Digital-First Banking Tracker®,” a PYMNTS and NCR collaboration.

The report also found that by negotiating a balance between the human element and innovation, formerly legacy banks can be everywhere their customers need them to be.

The news of the partnership between iuvity and Mambu comes about three weeks after an announcement that Mambu’s loan management system (LMS) has been integrated into Rapid Finance’s Decisioneer loan origination system (LOS) to provide a comprehensive lending-as-a-service (LaaS) offering.

That collaboration offers lenders a seamless transition from loan origination to servicing, Mambu and Rapid Finance said on May 10 when announcing the integration.