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scalable solutions that enable financial institutions to adopt a component-based banking approach to rapidly modernize outdated systems and deliver unified banking experiences that meet the unique needs of financial institution customers and members.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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FINANCIAL MANAGEMENT, FINTECH
Businesswire | June 05, 2023
Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, is excited to announce its groundbreaking partnership with ROOFLE. This partnership brings forth the launch of Contractor Loan PRO, an innovative financing solution powered by Momnt. Contractor Loan PRO will be integrated into ROOFLE’s platform, Roof Quote PRO™, enabling roofing contractors to provide their customers with direct and affordable payment options.
Contractor Loan PRO, powered by Momnt, establishes a new industry standard and revolutionizes roofing by seamlessly integrating cutting-edge technology with embedded finance capabilities. With Contractor Loan PRO, homeowners can enjoy the simplicity of obtaining instant quotes, reviewing offers, and securing financing without ever leaving their couches. This partnership introduces unparalleled convenience and value for contractors and customers, pioneering a highly efficient and customer-centric approach to roofing projects.
"We are thrilled to announce our new partnership with ROOFLE and launch Contractor Loan PRO. Contractor Loan PRO is positioned to establish market dominance and redefine industry benchmarks, setting new standards for excellence and innovation. Through this collaboration, we are opening new doors for roofing companies to scale their business quickly without losing focus on customer quality.” - Mike O'Connell, VP of Partnerships at Momnt.
"Contractor Loan PRO fundamentally changes the financing game in the roofing industry. No other tool on the market provides such a comprehensive, integrated, and efficient service. This is precisely the kind of innovative, customer-centered solution that the industry has been crying out for." - Travis Harvego, CEO and Co-Founder of ROOFLE.
"The incorporation of Contractor Loan PRO within Roof Quote PRO™ is a pivotal development in our journey to fully digitize the roofing industry. By providing homeowners with an array of personalized loan options and AI-powered instant decisioning, we're taking a significant step towards our goal of making the roofing process as seamless as possible." - Matthew McDaniel, CMO and Co-Founder of ROOFLE.
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. Visit momnt.com for more information and career opportunities, or follow @getmomnt.
About ROOFLE
ROOFLE is a SaaS developer transforming the roofing industry through their state-of-the-art software solution, RoofQuotePRO™. Designed exclusively for roofing professionals, RoofQuotePRO™ stands as the leading application for instant roof estimation and lead generation. This software empowers contractors to provide precise quotes for roofing products with unprecedented speed, all conveniently integrated into their website. Visit Roofle.com for more information.
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CORE BANKING, DIGITAL BANKING
Businesswire | May 31, 2023
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, announced today that Fortis Private Bank (“Fortis”) has selected Q2 PrecisionLender™, Q2’s relationship pricing and profitability solution for commercial lending institutions, to strengthen its client relationships and increase deal profitability.
Based in Denver, Colorado, Fortis is a $1.4 billion commercial bank focused on delivering an exceptional client experience and service to small and medium-sized businesses (SMB).
“Q2 PrecisionLender has established a reputation in the industry as having the best relationship pricing application in the market today, and we expect the solution to help Fortis significantly grow our market share by delivering superior service to small-to-medium-sized businesses,” said Co-Founder and Chief Executive Officer Chris Luce. “I’m confident that Q2 PrecisionLender will be a winner for our clients, especially since our Chief Financial Officer Mark Olson implemented the solution at a number of financial institutions and has seen firsthand how powerful it is in empowering relationship managers to offer the most competitive pricing for clients.”
Q2 PrecisionLender is used by some of the largest banks in the U.S. and financial institutions of all sizes. Its intelligent virtual analyst, Andi®, augments bankers’ strengths with the latest technology and data, delivering recommendations on different structures and tactics, while the deal is being priced and negotiated. The solution empowers client relationship managers with actionable, real-time insights and coaching to structure, price and negotiate stronger, more profitable deals.
“Q2 is excited to partner with Fortis Private Bank to help their client team grow relationships and increase profitability,” said Dallas Wells, SVP of Product Management, Q2. “We look forward to working alongside the Fortis team as they modernize their approach to relationship pricing with Q2 PrecisionLender to achieve a more profitable commercial portfolio.”
Q2 PrecisionLender is a part of Q2 Catalyst, a suite of best-in-class commercial banking solutions, and supports Q2’s strategic approach to innovation.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. Q2 enables its financial institutions and fintech companies to provide comprehensive, secure, data-driven digital client engagement solutions – from consumers to small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and Twitter to stay up-to-date.
About Fortis Private Bank
Fortis is a high-growth $1.4 billion commercial bank serving small- to medium-sized businesses in Colorado and Utah. Its clients have direct access to bankers and decision-makers, who work with clients to understand their specific needs and offer customized financial solutions. More information about Fortis is available at www.fortispb.com.
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