20 April 2023
Today Mutual Vision has announced a strategic partnership with Mambu which will transform the provision and accessibility of technology solutions to the retail banking sector.
As the financial services landscape continues to evolve to meet the ever-changing needs of both financial institutions and their customers, Mutual Vision recognise that innovation and collaboration are key to support the ongoing growth of the sector.
With their time-honoured values of mutuality and collaboration at its core, Mutual Vision have developed a compelling digital transformation strategy which delivers value and opportunity while being affordable, scalable, adaptable, and future proof. Mutual Vision have chosen to partner with Mambu to combine Mutual Vision’s extensive experience and expertise of delivering retail banking solutions and their existing banking solutions with Mambu’s world-leading core banking engine as a key component of their next generation core banking platform.
With Mambu’s unique “cloud based” platform, gone are the days of a “one-size fits all” banking system. Mambu’s core banking engine enables customers to create a technology foundation that allows them to build customer-centric solutions with specific functions to meet their particular needs and business objectives. Mutual Vision brings decades of experience of successfully designing, developing and implementing banking solutions to the partnership as well as a detailed understanding of the retail banking sector and intimate customer relationships based on purpose driven values.
In recent years, customer and user expectations have changed dramatically. Customers now demand greater choice amongst a more diverse range of digital capabilities, easier integration, greater flexibility to meet evolving business needs and an outstanding user experience. At Mutual Vision, we are committed to developing synergetic partnerships with organisations that share our mission to bring cutting-edge solutions to the market faster. Combining Mutual Vision’s long-standing industry and domain expertise with Mambu’s agile and innovative solutions and global reach will revolutionise the delivery of digital transformation to the retail banking sector.
Richard Wainwright, CEO at Mutual Vision: “Through our commercial partnership with Mambu, we will combine our unparalleled expertise and experience of delivering banking solutions with the power of a world-class, cloud native core banking engine to deliver a level of digital capability not previously seen within the retail banking sector. We are excited to not only meet the current needs of the sector but to deliver a new generation of core banking platform that will deliver industry-leading yet affordable technology solutions to the sector. Our innovative new products and those of our technology partners in our ecosystem will offer a level of choice and flexibility to meet the specific and evolving needs of our customers that has not previously been available to financial institutions”.
Scott Wilson, RVP EMEA at Mambu: “For financial institutions, cost of transformation can be a barrier. By partnering with Mutual Vision, we are addressing a gap in the market. Financial institutions are waking up to the need to swap legacy tech stacks with a modern banking infrastructure. A cloud-based core allows joint customers to scale without capacity constraints. This technology also frees up resources to focus on tech innovation and business evolution. With Mutual Vision’s deep sector expertise and purpose-driven ethos, we can deliver a future-proofed solution.”
Mambu is the world’s only true SaaS cloud banking engine. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, FinTech’s, retailers, telcos and more. Our unique composable approach means that independent components, systems and, connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees that support 250 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam, and Orange Bank. www.mambu.com
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About Mutual Vision
Mutual Vision is a financial technology company built on a strong foundation of mutuality and innovation. They provide a banking platform and partner ecosystem for financial institutions, allowing their employees and customers to gain rapid access to digital services with the goal of evolving our industry through digital transformation.
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