SME lending provider ODX has selected cloud banking platform Mambu to deliver servicing technology.
The number of digital lenders has grown significantly over the past decade. Mambu’s platform aims to provide scalability and accelerate the online lending process through APIs and cloud-native technology.
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Raj Kolluri, SVP, Head of Product and Technology at ODX, said: “Mambu provides servicing technology that is flexible and sophisticated. Their advanced APIs and configurable architecture complement the ODX technology platform and will enable us to further accelerate our growth.”
Edgardo Torres-Caballero, Managing Director, Mambu Americas, said: “We’re thrilled to work with ODX as they are a leading platform provider of small business digital lending and account opening solutions.
“As we continue to see demand for more agile and digital-first core banking solutions in the U.S. and globally, this relationship reinforces the innovative technology that we are bringing to market to enable clients to scale more quickly and better serve their customers.”
Mambu and Marqueta
Earlier this month, Mambu announced a new partnership with global card issuing platform Marqueta.
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By GlobalDataThe partnership provides Mambu’s customers with access to Marqeta’s card processing technology to enhance rapid speed to market.
Ian Johnson, Head of European Growth at Marqeta, said: “Mambu is providing a world class platform addressing key challenges around how to continually deliver and accelerate innovation in the payments space without consistently being restrained by technology.
“There’s a strong alignment between our two organisations, not just in terms of our product vision but culturally too. We are very excited by the power of our joint proposition and the significant benefits customers will derive from it.”
To date, digital challengers including N26, OakNorth and ABN AMRO’s New10 use Mambu’s platform.
Ben Goldin, Chief Technology & Product Officer at Mambu, said: “Mambu is focused on creating a rich ecosystem of payment pioneers, providing our customers with fast and easy access to services that allow them to create compelling products for their end-customers.
“We are delighted to welcome Marqeta into this ecosystem and see them being a valuable partner.”
