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Softtek and Mambu to bring digital banking to Central America

The two have teamed up to offer a flexible take on the ‘bank in a box’.

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The two have teamed up to offer a flexible take on the ‘bank in a box’.

Software-as-a-service (SaaS) banking engine Mambu has partnered with Softtek, the largest Mexican system integrator, to launch a banking platform as a service (BPaaS).

The cloud-based model will enable financial institutions in Central America to leverage an integrated offering that provides them with the agility to adapt to marketing demands, which are becoming increasingly more digital. Softtek aim to deliver a combination of SaaS and local apps from multiple vendors onto one cloud-based API-enabled BPaaS, powered by Mambu.

“New entrants are using digital technology to meet changing customer expectations as well as reach the large underbanked sector.  To succeed, competitors must emulate the operating models of these disruptors and develop the flexibility and speed to market necessary to meet market demands.  BPaaS is the optimal model to meet this objective,” said Edgardo Torres-Caballero, Managing Director, Mambu Americas.

Mambu also recently announced a partnership with Kreditech last month, to power the German consumer finance firm’s expansion into India.

Commenting on today’s news, Carlos Funes, CEO of Softtek Mexico said: “Powered by the global leading SaaS banking engine Mambu, which provides advanced capabilities and the agility demanded by the financial sector, we have combined this with Softtek’s experience and knowledge of this industry in Mexico in order to provide a complete offering which will help accelerate the transition of our customers to the digital economy without disrupting their existing business.”

"In Mexico, we have more than 3,000 financial institutions that could potentially benefit from the Softtek-Mambu alliance by bringing to them modern world-class banking technology,” added José Luis Sánchez, VP of Financial Sector in Softtek Mexico.

“With a 100% digital platform that is flexible, scalable and agile, it will enable these institutions to provide innovative cloud-first banking services and credit to its customers in the consumer and corporate market.”

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