Mambu core banking vs Finastra, fintech platform comparison
Competition in the banking industry is intensifying. Next-generation banks are winning market share by targeting lucrative niches in the value chain, forcing incumbent banks to review their legacy platforms.
The good news is that there are many tools to help banks modernize quickly and efficiently. In fact, more than 65% of surveyed banks are exploring the potential of next-generation core banking platforms. We compared Mambu and Finastra banking products so you can make your product pick based on solid understanding of the qualities of both products.
Mambu banking core
As a relative newcomer Mambu has established itself as a rapidly growing supplier of banking solutions. In the two years since its founding in 2011, Mambu’s platform was adopted by 100 microfinance organizations in 26 countries around the world.
Today, the Berlin-based start-up services over 150 banks, fintechs, and telecom companies with over 14 million end-users. Mambu helps prominent companies like Santander, N26, and Orange to rapidly design, launch, and scale their digital-first banking and lending services.
With a platform built from the cloud upwards, Mambu’s SaaS engine is a powerful alternative to costly and complex traditional core banking systems. Besides its cloud approach, Mambu provides its clients with tools to build, integrate, and launch any lending portfolio.
Finastra digital banking
90 of the world’s top 100 banks by asset size are partnered with Finastra. With clients in 130 countries worldwide and one of the broadest sets of financial software solutions on the market, Finastra is able to serve all functions of all types of financial institutions.
By harnessing the platform’s flexible and open technology, Finastra’s clients can go from legacy banking to transparent, innovative, and agile systems. With Finastra’s modular technology stack, financial institutions can launch and deliver new functionality quickly with less risk.
Mambu vs Finastra comparison
|Number of clients||150||9,000|
|Headquarters||Berlin, Germany||London, UK|
|Customer profile||Alternative lenders (p2p, marketplace personal and SME lenders), deposit-taking institutions, and mobile banking providers.||Corporate and retail banks, lenders, treasuries, and capital market players|
|Number of end-customers||14 million||175 million (retail accounts)|
|Number of employees||200+||10,000+|
|Number of offices||8||60|
Cloud banking platform
Mambu Process Orchestrator
Treasury and Capital Markets
Leading Core Banking Alternatives
There are many more worthy next-generation companies competing in the banking services market. SDK.finance and their core banking platform has been particularly successful at leveraging modern tools to help financial institutions modernize their services quickly and easily. SDK.finance, founded in 2013 and based in Vilnius, Lithuania, offers a highly secure and mobile-ready solution to delight banking customers and take the lead in the open banking world.
SDK.finance Core Banking Benefits
- Focus on growing your business while we take care of technology;
- Create a customer-centric banking solution with a ready-to-go core platform;
- Get 400+ API end-points for integrations with Visa & Mastercard and other most must-have third party solutions.
Why Choose SDK.finance banking platform?
We develop white-label solutions for finance and e-commerce. Our banking cores and e-wallets can process billions of transactions per month. We update the system and the technology stack, so when you buy it, you get the most capable and secure solution to work with, no legacy code.