Partnership to change the way Mexican financial institutions operate and innovate in the digital age
Mambu, the leading SaaS banking engine, has partnered with Softtek, a global provider of process-driven IT solutions and largest Mexican system integrator, to launch a banking platform as a service (BPaaS). This cloud-based model will enable financial institutions to leverage an integrated best-of-breed offering that provides them with the agility to adapt to market demands simply and efficiently with the support of expert partners.
The offering is a flexible take on the legacy ‘bank in a box’ concept which is limited to the technologies provided by only one vendor. Softtek will deliver a combination of SaaS and local applications and technologies from multiple vendors on one cloud-native API-enabled BPaaS, powered by the Mambu banking engine. Clients are able to leverage best-of-breed global and local solutions, as well as professional services and support.
“New entrants are using digital technology to meet changing customer expectations as well as reach the large underbanked sector. To succeed, competitors must emulate the operating models of these disruptors and develop the flexibility and speed to market necessary to meet market demands. BPaaS is the optimal model to meet this objective,” said Edgardo Torres-Caballero, Managing Director, Mambu Americas.
Commenting on the partnership, Carlos Funes, CEO of Softtek Mexico said: “We will offer the best of both companies to our clients. Powered by the global leading SaaS banking engine Mambu, which provides advanced capabilities and the agility demanded by the financial sector, we have combined this with Softtek’s experience and knowledge of this industry in Mexico in order to provide a complete offering which will help accelerate the transition of our customers to the digital economy without disrupting their existing business.”
“In Mexico, we have more than 3,000 financial institutions that could potentially benefit from the Softtek-Mambu alliance by bringing to them modern world-class banking technology. With a 100% digital platform that is flexible, scalable and agile, it will enable these institutions to provide innovative cloud-first banking services and credit to its customers in the consumer and corporate market, “said José Luis Sánchez, VP of Financial Sector in Softtek Mexico.