CORE BANKING, DIGITAL BANKING
PRweb | May 31, 2023
iuvity, a cloud-first digital banking, and open service platform provider announced today that it has partnered with Mambu, a SaaS cloud core banking platform provider, to enable financial institutions to rapidly build and deliver modern customer experiences. The pre-built integration between iuvity’s digital banking platform and Mambu’s core cloud deposit and loan solutions offers financial institutions access to banking solutions that span the entire financial flow for personal and business banking customers allowing them to launch their digital capabilities in a few months. Both iuvity and Mambu cloud platforms provide flexible and scalable solutions that enable financial institutions to adopt a component-based banking approach to rapidly modernize outdated systems and deliver unified banking experiences that meet the unique needs of financial institution customers and members.
Mambu is a compliant, secure, cloud-native SaaS cloud banking platform designed to drive financial innovation, bring solutions to market faster, reduce cost barriers, and enable ecosystem expansion. Mambu's suite of solutions includes a core cloud banking platform that includes a feature-rich and highly flexible deposit engine for both personal and business banking; and a lending engine that includes the breadth of origination and servicing for individuals, SMEs, mortgages, and Buy Now Pay Later services.
“The demand for cloud-based financial services continues to grow at a rapid pace and partnering with Mambu demonstrates our commitment to creating an ecosystem that supports the diverse needs of financial institutions around the world,” commented Felipe Uribe, CEO of iuvity. “By offering the pre-built integration and orchestration capabilities of these two powerful platforms, financial institutions of all sizes can leverage both to quickly adapt their business models and accelerate the delivery of new fintech products and integrations, driving faster innovation and growth.”
iuviOPEN and iuviBANKING are iuvity's digital solutions that leverage a modular architecture and true market-first micro frontend technology, enabling financial institutions to integrate with fintech and third-party solutions faster to create highly configurable and modern user experiences at the speed of digital. With more than 300 services exposed as APIs and a robust orchestration tool, iuviOPEN makes it easy for financial institutions to create new solutions for digital channels, offering the flexibility to use any frontend development tool, programming language, or digital experience platform (DXP).
About MAMBU
Mambu is the only true 100% cloud-native core banking SaaS platform. Since its launch in 2011, Mambu accelerates the design and creation of almost any type of financial offering for banks of all sizes, financial, fintech, retail, telecommunications companies and more. Under the component banking approach, its open architecture allows, through APIs, to connect to other players in the ecosystem to meet the needs of the business, as well as the demands of end users. Mambu has more than 800 employees who support more than 200 clients in more than 65 countries, including N26, BancoEstado, Ualá, Te Creo Holding, Naranja X, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank among others. http://www.mambu.com
About iuvity
For more than 22 years, iuvity has been transforming the banking industry with its cloud-first, digital-native solutions that power flexible, open, and inclusive financial services. iuvity’s Open Service Platform and micro frontend technology uniquely empower banks, credit unions, and fintech companies to securely deliver personalized, meaningful online customer experiences while innovating at the pace the digital world demands. iuvity’s track record of success with both large and small institutions across seven countries in North and South America speaks to the advanced multinational, multilingual capabilities required in today’s global financial economy. The company’s accountable and collaborative culture serves as the foundation on which customer and employee relationships are built, which in turn has fueled 95+% customer satisfaction and retention rates as well as rapid growth across markets and geographies. To learn more about iuvity, visit http://www.iuvity.com.
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CORE BANKING, FINANCIAL MANAGEMENT
Businesswire | June 08, 2023
Momnt, a financial technology company that powers real-time lending and payment solutions for businesses at the point of need, is excited to announce the launch of a partnership with Cross River Bank (“Cross River”), a leading financial services and technology infrastructure provider that offers embedded financial solutions. Merchants on the Momnt platform are now able to further expand their loan offering capabilities to reach more consumers.
Embedded finance is globally recognized as the future of financial services. Momnt’s industry-leading technology connects lenders with borrowers through their merchant network in the home improvement and healthcare industry. These merchants become the “face of financing” to the consumer, offering loans originated by partner financial institutions at the moment when the consumer is making a purchasing decision. The API-based platform presents custom, real-time loan offers to individual borrowers at the point of making a purchase. This approach helps drive demand for the merchant; extends creative, well-structured financing to the consumer; and generates new revenue sources for financial institutions.
Through this partnership with Cross River, an award-winning banking-as-a-service (BaaS) provider, Momnt can extend flexible and advantageous terms while providing a seamless and value-driven experience to consumers. The partners teamed up earlier this year and have been working to bring Cross River’s API technology to Momnt’s platform, creating a streamlined process for borrowers in all 50 states and supporting the platform’s growth.
"We're thrilled to partner with Cross River as we continue to expand the ways we serve our merchant and consumer customers,” said Chief Revenue Officer, Chris Bracken. “This partnership combines Momnt’s industry-leading moment-of-need lending capabilities with Cross River’s industry-leading financial services technology, and we could not be more excited about the opportunities the partnership will create.”
“We are proud to partner with game-changing innovators like Momnt, with their extensive industry knowledge, to provide expanded access to credit via convenient, flexible, point-of-sale loans,” said Greg Caminneci, Head of Client Services, Marketplace Lending at Cross River. “Our partnership will allow Momnt to responsibly serve customers nationwide and we look forward to growing our offerings together.”
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, and lending solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.
About Momnt
Momnt powers modern lending solutions that enable businesses to provide low-friction financing to their customers at the moment they need it — all funded by trusted lending partners. Its API-based platform leverages alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure. momnt.com
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CORE BANKING, DIGITAL BANKING
PRnewswire | June 01, 2023
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., and upSWOT, a leading fintech platform that connects business applications for integrated data analysis and insight, have expanded their partnership by making upSWOT's business insights from Alkami digital banking data a standard feature available to all Alkami business banking clients.
The dashboard is designed to empower businesses and financial institution relationship managers with real-time, actionable insights to:
build loyalty and increase engagement opportunities.
deliver more personalized and relevant offers to business users to increase cross-sell and upsell revenue rates.
gain visibility into business health based on assets, debt load, short and long-term liabilities, and revenue pipelines.
"Businesses need to quickly ascertain their performance and partner with a financial institution that can be their trusted advisor to ensure they thrive," said Jeff Chen, vice president, product management at Alkami. "Making upSWOT a standard part of Alkami's business banking solution allows our clients—regional banks and credit unions—to better serve the financial wellness of their business account holders by providing them with the data aggregation, visualization, and analytics they need to grow their revenue." The data-driven insights from upSWOT also identify opportunities for timely recommendations related to business operations.
"We believe that small businesses are the heartbeat of our communities. This philosophy drives our commitment to providing financial institutions with the innovative tools they need to not only help their business account holders grow but also build loyalty and drive engagement," said Adam Dolby, senior vice president of partnerships at upSWOT.
About Alkami
Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly, and build thriving digital communities. Alkami helps clients transform through retail and business banking, digital account opening, payment security, and data analytics and marketing solutions. To learn more, visit www.alkami.com.
About upSWOT
upSWOT offers real-time business performance data, trends, and insights to financial institutions and business owners. The upSWOT platform, with connections to 200+ SaaS products used daily by small- and medium-sized businesses, is a powerful add-on to digital banking offerings.
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