Cloud banking platform Mambu has partnered with fintech Credisense to offer an end-to-end lending solution.
The SaaS (software as a service) Mambu platform fast-tracks the design and build for a financial offering including banks, lenders, fintechs, retailers, telcos and more. Credisense is a cloud origination and decisioning platform with a no-code functionality, which allows for rapid implementation and platform management for businesses ranging from banks and credit unions to telcos and trade credit providers. It operates in both Australia and New Zealand.
Mambu said the partnership with Credisense would provide lenders of all sizes with a flexible end-to-end lending platform which supports loan origination through to loan collections, all via a no-code, configuration-based technology stack.
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The solution has been designed to help lenders keep costs down while enabling them to modernise their technology systems and launch new products and services at pace.
“We’re extremely excited to partner with Mambu to offer an alternative end-to-end lending platform to lenders throughout Asia-Pacific,” said Richard Brooks (pictured above left), co-founder and director of Credisense.
“We were delighted to find a partner with a technology platform so harmonious with ours in both functionality and ethos. With our cloud-native, digital-first approach, together we can help lenders struggling under the weight of technology debt and antiquated systems to modernise, simplify and future-proof their businesses.”
Brooks said the new partnership would deliver a modern, cost-effective platform for lenders that was underpinned by a no-code composable development approach.
“This will allow lenders to bring new product development in-house without having to hire engineering-heavy teams,” he said. “The end-to-end lending solution will benefit lenders of all sizes and will be especially helpful for smaller, more localised lenders in the market today.”
Paul Apolony (pictured above right), Mambu general manager Australia and New Zealand, said Mambu was committed to working collaboratively within the fintech ecosystem with like-minded organisations that shared its values and sense of purpose.
“With Credisense, we’ve partnered with an organisation that, like us, is dedicated to helping organisations leverage the latest technology to deliver amazing experiences for their customers and improve the overall experience of lending,” Apolony said.
“Our new joint initiative is going to be instrumental in opening up a range of new opportunities for lenders across the Asia Pacific region.”
It has been a big year for Mambu’s cloud banking platform, following an announcement in June that Commonwealth Bank had selected Mambu as the technology provider behind its digital mortgage brand, Unloan.
“Unloan would be a revolutionary force in the Australian mortgage industry, capable of providing refinancing applications in as little as 10 minutes and a discount that increases every year for up to 30 years,” Apolony said.
“With significant acceleration in the adoption of digital technologies and greater expectations from consumers, people aren’t content to just get what they’re given any more – they want personalised customer service and products that are tailored to their circumstances.”
