Redwood, January 14, 2019: Mambu and Middleware today announced they have strengthened their strategic partnership, which began with the release of Mambu’s Integration Platform as a Service (iPaaS), to provide unique banking in the cloud capabilities.
The iPaaS named Mambu Process Orchestrator (MPO) is based on Middleware’s Corezoid Process Engine and was launched in September 2018. Through the unique underlying technology, Mambu clients can easily connect multiple APIs together to build holistic business processes. This can be done without writing or deploying a single line of code and operated in a true cloud-native way.
Clients are able to assemble processes in a cloud visual editor and MPO allows them to easily plug-in any APIs, orchestrate processes logic, track real-time statistics on the dashboards.
Explaining the utility of the systems, Lasha Gurgenidze, Product Owner at Space Neobank (Georgia) said: “We used Mambu and Corezoid Process Engine to create a mobile only bank called Space Bank in just eight months. Corezoid Process Engine allowed us to quickly integrate Mambu with the other systems and services.”
Using Corezoid technology, Mambu is building banking and lending business process templates on top of the Process Orchestrator to support client onboarding, loan origination regulatory reporting and card and payments connectivity in collaboration with its marketplace of complimentary vendors.
“Banks are not IT companies. API is not a product. Process is a product. In order to build products around APIs, companies need to do a lot of hard-coding, – says Alexander Vityaz, Middleware Founder and CEO. – Corezoid allows clients to change how they see APIs to thinking in terms of assembling processes in the cloud. Partnership with Mambu is a part of Middleware’s global growth strategy. They work with clients in over 55 countries and companies in these countries are now able to start leveraging Corezoid technology for their business through Mambu’s services,” – he commented.
“Mambu’s decision to work with Middleware is based on the unique vision and patented technology they have to offer. Middleware’s technological innovations will help Mambu build unique banking-in-the-cloud capabilities, as well as significantly increase the adoption of our cloud-native banking engine. After the successful launch of MPO, we are looking at using other Middleware technology like the Messenger Bot Platform and DeepMemo Rules Engine to offer more innovative financial products as part of our offering,” – says Ben Goldin, CTO, Mambu.
Both Middleware and Mambu are Amazon AWS Advanced Technology Partners with Financial Services Competency. This means both companies have demonstrated industry expertise, readily implemented solutions that align with AWS architectural best practices, and have staff with AWS-certifications.
Mambu is the leading SaaS banking engine powering modern digital financial services. It is the lean alternative to cumbersome core banking systems, a cloud-native solution driving open API-enabled architectures. Mambu helps clients to successfully start up new business ventures, transform existing operations, launch new products and expand into new markets. The company provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfolio.
Launched in 2011, the technology powers over 6000 loan and deposit products which serve over nine million end customers. With more than four million active accounts in 55 countries, ranging from fintechs to traditional banks, Mambu is helping financial institutions evolve and thrive in the digital age. For more information, please visit our website, read our blog spot Hive, or connect with us on Twitter, LinkedIn, YouTube and Facebook.
Middleware was founded in August, 2014 and registered in the USA. Headquarter is located in Redwood (California). Our key customers include Western Union, Avon, METRO, Philip Morris, TBC Bank, Tsesna bank, 1+1, Varus, Avias, Comfy. Main products: Corezoid Process Engine, Sender Communication Engine, Deepmemo Rules Engine, Trigger.Cards. Corezoid provides a Platform-as-a-Service cloud process engine that enables companies to build agile business processes that are triggered by real-time events. Our cloud platform acts as a glue for APIs, allowing companies to avoid hardcoding by instead assembling API-based solutions. For more information, please visit our website or connect with us on LinkedIn.