Mambu and SWK Bank Partner to Offer New Banking Services in DACH Region

Germany-based SWK Bank has teamed with cloud Banking-as-a-Service platform Mambu to offer new banking services to the DACH market. 

The companies are bundling their complementary service offerings in Banking-as-a-Service (BaaS) and Software as a Service (SaaS), to create a new joint offering for B2B customers. 

SWK Bank will be contributing its modular banking services in the personal loan and deposit business, while Mambu will contribute its cloud-native banking platform. According to the joint company press release, SWK Bank and Mambu have developed the first marketable module in the investment area in only three months.

The offer will be rolled out to customers in Germany at first, with an expansion abroad to follow. Apart from more flexibility and fast product extensions for customers, the two companies aim to enable a shortened time-to-market process on the basis of state-of-the-art, media-interruption-free and secure technology. 

(Source: The Paypers)