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. The global banking software market is projected to reach $43.5 billion by 2028, growing at a CAGR of 8.2% between 2023 and 2028 (source: Market Research Future).
We compared Mambu and Finastra banking products so you can make your product pick based on a solid understanding of the qualities of both products.
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.
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 | Finastra | |
| Founded | 2011 | 2017 (merger) |
| 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 |
| Solutions | Composable banking Cloud banking platform Mambu Process Orchestrator | Retail Banking Transaction Banking Treasury and Capital Markets Investment Management |
There are many more worthy next-generation companies competing in the banking services market. SDK.finance and its digital banking platform have successfully leveraged 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.
When choosing a core banking provider, financial institutions should consider several key factors, including scalability, security, integration, customization, and support. They should also consider the provider’s experience, reputation, and ability to deliver a modern, flexible, and scalable core banking platform. Additionally, they should evaluate the provider’s ability to integrate with other systems and applications, and their commitment to innovation and customer experience. By modernizing their core banking systems and choosing the right core banking provider, financial institutions can improve their efficiency, effectiveness, and customer experience, and stay competitive in today’s digital age.
SDK.finance can help you develop banking software using a ready-made backend FinTech Platform to accelerate time to market. We provide a flexible banking core that serves as a foundation for building any PayTech products.
Our FinTechTech solution is a flexible core banking system designed to serve as a solid foundation for a wide range of PayTech products. The Platform supports various financial services, including digital wallets, money transfers, currency exchange, and payment acceptance, while ensuring high standards of security and compliance.
With built-in integrations and comprehensive back-office tools, SDK.finance simplifies the management of clients, transactions, and financial operations, allowing you to focus on innovation and growth.
Choose your development approach:
Both modes allow you to accelerate the development of your banking software and focus on the customer and product experience.
Watch SDK.finance Platform demo video to explore how our solution can empower you to build secure and feature-rich financial products 70% faster:
SDK.finance has empowered numerous businesses across industries to implement innovative financial solutions tailored to their unique needs. Below are some noteworthy examples that highlight the platform’s versatility, reliability, and value:
Read the full case study
SDK.finance partnered with a financial institution to develop a dedicated ledger layer system. By leveraging the platform’s modular architecture, the client streamlined their transactional processes and improved the accuracy of financial reporting. This implementation not only enhanced operational transparency but also ensured compliance with stringent regulatory requirements.
Key Outcomes:
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SDK.finance supported Nebeus, a crypto finance platform, in building an efficient crypto-to-fiat exchange system. With SDK.finance’s pre-built modules, Nebeus accelerated its product launch while ensuring secure and reliable transaction processing. This partnership solidified Nebeus’s position in the crypto finance industry.
Key Outcomes:
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SDK.finance played a pivotal role in enabling a mobile money solution that caters to regions with limited access to traditional banking services. By providing scalable and customizable modules, the platform helped the client facilitate secure and convenient digital transactions, fostering financial inclusion.
Key Outcomes:
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SDK.finance delivered a payment solution for a multi-service provider (MSP), enabling efficient online and offline payment acceptance. The platform’s extensive API capabilities allowed seamless integration with existing systems, ensuring a smooth user experience for merchants and their customers.
Key Outcomes:
These success stories demonstrate SDK.finance’s ability to adapt to diverse business needs, whether for financial institutions, startups, or service providers. By leveraging the platform’s modular architecture, clients benefit from faster time-to-market, enhanced compliance, and the flexibility to scale operations.
Ready to explore how SDK.finance can support your business? Contact us today to discuss your vision.
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