BONN / BERLIN – May 25, 2021: elastic.io, the innovative integration platform as a service (iPaaS) vendor and an mVISE Group subsidiary has partnered with cloud banking platform, Mambu.
Mambu’s banking and financial services platform enables banks and lenders to utilise cloud technologies to create great financial products and unique customer experiences. elastic.io and Mambu teamed up as they share a similar vision and recognise the importance of ecosystems to financial institutions of all sizes. The partnership brings together two like-minded organisations to offer more expansive services for customers looking to leverage legacy and non-API solutions.
“elastic.io’s technology is a great addition to our technology stack. We are pleased that the partnership will enable us to expand our ecosystem beyond modern API-enabled vendors to something more traditional, such as ISO8583 cards authorisation protocol as well as file exchange protocols, still predominantly used in regulatory reporting software,” says Ben Goldin, Chief Technology Officer at Mambu. “Our customers can also enable their existing infrastructure for composable banking in a cost-efficient and cloud-native way.”
Commenting on the collaboration, Dr. Kevin Mobbs, General Manager of elastic.io, says: “Innovation in the modern data-driven business is enabled more through combination and connection of data streams than by invention. The partnership between elastic.io and Mambu will further increase the value of Mambu’s cloud-native banking platform by enhancing its compatibility with customer’s existing application landscapes. As elastic.io, we are happy to expand our commitment to serving customers in the FinTech community and look forward to working in partnership with Mambu.”
SaaS. Cloud-native. API-first. These all describe our market-leading banking and financial services platform. Founded in 2011, Mambu fast-tracks the design and build of nearly any type of financial product for banks, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 500 employees and 180 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam and Orange Bank. For more information, please visit our website or connect with us on Twitter, LinkedIn and Facebook.
elastic.io is a Germany-based, born-in-the-cloud innovator and an established expert in enterprise integration solutions with focus on telecom carriers, enterprises, system integrators and software vendors. In 2017, elastic.io became part of mVISE Group, a German publicly listed IT consulting company with over 15 years of enterprise IT consultancy and project experience. To find out more, please visit www.elastic.io and www.mvise.de.