Mambu unveils Mambu Payments
Today, global cloud banking leader Mambu unveils Mambu Payments, expanding its composable banking platform to include modern, end-to-end payment capabilities.
0
Following its acquisition of payments technology provider Numeral in December 2024, this marks a significant step forward in Mambu's mission. The launch of Mambu Payments means Mambu is poised to help financial institutions modernise core infrastructure and accelerate innovation across the entire banking stack, spanning lending, deposits, and payments.
Modernising payment infrastructure is a strategic priority for financial institutions facing regulatory pressure, the rise of instant payments and industry-wide shifts like ISO 20022, and increasing customer expectations for speed and reliability. Yet many are still constrained by fragmented legacy systems that hinder innovation and scalability. Mambu Payments addresses this challenge with advanced, composable capabilities that integrate seamlessly into any core banking ecosystem. Acting as a universal gateway, it connects institutions to a growing network of pre-integrated clearing systems, partner banks, and payment schemes, while enabling end-to-end automation through a modern payments hub.
Mambu Payments is quickly gaining traction - longstanding Mambu customers are building on years of successful collaboration on their core banking and expanding their partnership with Mambu to modernise their payments including Western Union, INDEXO Bank and BCB Group.
'Mambu Payments brings the same qualities that made Mambu's cloud banking platform the core of choice for forward-thinking financial institutions: cloud-native, API-first, and composable,' said Mark Geneste, Chief Revenue Officer at Mambu. "Mambu supports more than 260 financial institutions globally, helping them to modernise and migrate from legacy technology to future-proof solutions. Financial institutions can now choose to start with deposits, lending, or payments and easily expand across the platform as their needs evolve.'
'We wanted our customers to get the best of both worlds,' said Édouard Mandon, VP Payments at Mambu. 'Composability where it matters and an integrated solution with end-to-end workflows where it drives value and reduces friction. That's why we built the native integrations between our payments, lending, and deposit modules the way we did — to give customers the flexibility to choose their own path.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Independent
31 minutes ago
- The Independent
Will a heatwave help your solar panels perform better?
High temperatures can slightly reduce the efficiency of solar panels, despite longer daylight hours increasing overall generation. solar panels perform optimally at 25 degrees Celsius or below, with efficiency decreasing by approximately 0.34-0.5 percentage points for each degree above this temperature. During the UK's record 40.3°C heatwave in July 2022, good solar panels operated at about 5 per cent below their peak efficiency. Despite the heat, the commercial solar sector performed well during the record heatwave, contributing 8.6 per cent of the UK's electricity needs that day. Investing in solar panels can be beneficial for homeowners, with payback periods ranging from 5 to 13 years depending on factors like system size, roof orientation, and electricity usage patterns. solar panels have a long lifespan of up to 30 years, making them a viable long-term investment, especially with future heatwaves expected to be longer and hotter in the UK.


Reuters
40 minutes ago
- Reuters
French heart prosthesis firm Carmat at risk of insolvency by end-June
June 20 (Reuters) - French heart prosthesis company Carmat ( opens new tab is in a critical financial situation and will be at risk of insolvency by the end of this month, it said in a statement on Friday. Carmat needs 3.5 million euros ($4.04 million) to avoid insolvency by the end of June, it said. It said it is actively exploring financing options and is launching a campaign seeking donations through an online platform. ($1 = 0.8673 euros)


Times
an hour ago
- Times
Finland proposes a very novel idea — invest in the public library
In the €100 million Oodi library, which looms over central Helsinki like a cruise ship from the future, robots called Tatu, Patu and Veera trundle back and forth between the shelves and the reading rooms. Against this backdrop, foreign visitors might be surprised to see how many children and teenagers are engaged in an almost unsettlingly archaic activity: reading and borrowing books. In the age of TikTok, Netflix and Candy Crush, it is not just Finland's public libraries that are booming, but also demand for their physical paperbacks and hardbacks. Last year the average Finn visited them nine times and borrowed 15 books, resulting in the highest lending figures for 20 years. The appetite for children's and young adults' literature has risen to a record for the third year in a row, with a total of 38 million loans in 2024. That works out at about 40 books or other pieces of material, such as audiobooks, for each person under the age of 18. In Helsinki, the capital, which has a population of about 690,000, there were 9.2 million library visits and 5.7 million loans. Even by the standards of a country that is often ranked as the most literate on the planet, the numbers are remarkable. In Britain, the total number of loans has fallen to less than half of what it was at the turn of the millennium, despite a tentative recovery in the wake of the pandemic, and about 40 libraries a year are closing. Visits to German public libraries are still about a fifth lower than they were before the advent of Covid-19 and about one in five of them has shut down over the past decade. The most obvious explanation for the phenomenon is that Finland values its libraries and invests accordingly. The state spends about €60 per capita on the public library system each year, approximately four times as much as the UK and six times as much as Germany. • Encyclopaedia Britannica is back and 'it's better than ChatGPT' Where other countries rely on corporate skyscrapers or shopping centres for their visions of architectural modernity, Finland often looks to its libraries, such as Oodi and Vallila in Helsinki, the main Metso library in Tampere, or the revered 20th-century designer Alvar Aalto's projects in Rovaniemi and Seinajoki. They have traditionally served as engines of social mobility and integration. Erkki Sevanen, professor of literature at the University of Eastern Finland, grew up in a working-class family in Eura, a thinly populated district of villages 110 miles to the northwest of Helsinki. 'My parents and relatives did not used to read books, but there was a fine and well-equipped public library in our home village,' he said. 'It opened a whole world of classical literature and philosophy for me in the 1960s and 1970s.' Sevanen said the public libraries were a significant part of the reason he had ultimately pursued a university career, and that today they perform a similar function for immigrants to Finland. 'I am very grateful to this system,' he said. 'It was part of what made my social rise from the working class to academic circles possible.' The roots of this culture predate Finland's independence in 1918. Like large parts of Scandinavia and continental northern Europe, it was profoundly influenced by Lutheran Protestantism and its insistence that each individual should engage with the texts of scripture for themselves. 'The ability to read was a requirement for everyone who wanted to get married. To demonstrate their reading skills, people were tested at church gatherings,' said Ulla Richardson, professor of technology-enhanced language learning at the University of Jyvaskyla. The movement gathered steam in the 19th century, when Finland was a semi-autonomous duchy in the Russian empire and the new public libraries were focal points for an emerging sense of national identity. They remain important hubs for Finnish society, providing a space in which people can be alone and together at the same time. 'Many Finns tend to consider libraries almost as sanctuaries,' Richardson said. Alongside computers and internet access, they offer board games, video games, musical instruments, sewing machines, seasonal theatre passes and even sports equipment in some cases. These services are particularly valued by families with straitened financial means, who might not otherwise be able to afford school textbooks or other media. 'The libraries are spaces that children and teens can access freely, especially if they don't have other places to go,' said Richardson. 'These days we also have self-service libraries open when there are no personnel working.'