Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee




Posted November 02, 2020

Fri, 30 October 2020, 6:01 am GMT-7·2-min read

Company receives recognition for three years of inclusion on distinguished list

Mambu, a cloud banking platform for banking and lending businesses, has been promoted to the Fintech50 Hall of Fame for its three-time inclusion on the annual list. The ranking highlights European companies that are leading the evolution of financial services across all verticals and at all stages, from start-up to high growth.

Each year, the FinTech50 identifies the 50 top financial technology providers to watch. Those included in the 2020 list were selected from more than 2,000 fintechs across Europe by an international panel of investors, buyers and champions of innovators in the sector. In addition to the ranking, the panel selects one separate company to join the FinTech50 Hall of Fame, which pays tribute to companies that have demonstrated pioneering spirit and competitive staying power in the industry.

Mambu, the 2020 Hall of Fame selection, has appeared on the FinTech50 list three times: in 2015, 2016 and 2017. Mambu is changing the market through its composable banking approach, which is the quick and flexible assembly of independent banking systems. Through this platform, Mambu enables customers to build a modern banking or lending offering in the cloud by composing the best product for their individual needs. Mambu’s solution is more agile and cost-effective than the legacy approach to core banking.

"Being named to the FinTech50 Hall of Fame is a significant accomplishment for the Mambu team and demonstrates our consistent innovation over the years," said Johanna Pugh, North America Managing Director at Mambu. "We are honored to be among numerous fintechs who are transforming financial services in this challenging and unprecedented time. Our strong foothold in the European sector positions us well as we expand in North America."

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