Mambu Teams Up With Alchemy For Lending Operating System & Workflow Engine

Mambu, a Berlin-based SaaS banking platform provider, announced on Tuesday it has joined forces with Alchemy, a cloud-based digital banking solutions provider, to deliver a lending decisioning engine for community banks and credit unions.

According to Mambu, the duo has developed a more nimble lending decisioning engine that will enable banks and credit unions to deliver new loan products to the markets in a matter of 60 to 90 days versus the traditional two years or longer process.

“By integrating Mambu’s cloud-native, API-driven back-end core processing solution with Alchemy’s proven front-end lending platform, banks and credit unions are now able to extend new, innovative lending products both on the consumer side of the business, as well as expanding into the small business lending (SMB) portfolio.”

Johanna Pugh, Managing Director of Mambu, spoke about the partnership and product development by stating:

“The combination of the two proven technologies will provide invaluable benefits to community bankers and credit union executives who are trying to quickly expand into new markets by offering innovative, solid loan products. This not only ensures the institution remains competitive, but also maintains their preferred risk threshold.”

Timothy Li, CEO, Alchemy, added:

“Mambu’s proven back-end further enhances Alchemy’s lending process on the consumer side, and also provides the tools needed to expand into other lending sectors, including SMB loans.”

The joint Alchemy/Mambu lending platform is now available for implementation and integrates Alchemy’s proven front-end with Mambu’s renowned back-end, providing bankers an end-to-end lending platform that not only saves the institution time and money, but also does not require any internal engineering resources.

Sponsored Links by DQ Promote


 

Send this to a friend