Cloud banking platform Mambu announced that OYAK ANKER Bank GmbH has completed a full-stack modernisation and migration of its core banking systems to the Mambu platform, making it one of Germany’s digital transformation projects, spearheaded by Innovance.
This initiative has replaced all of the bank’s legacy systems with a future-ready, cloud-native infrastructure powered “by the Mambu core banking platform streamlining the bank’s end-to-end operations.”
With this transformation, OYAK ANKER Bank GmbH is now “equipped to lead in a rapidly evolving digital banking landscape, offering better compliance, and seamless customer experiences.”
As the exclusive technology partner, Innovance delivered the “full migration of OYAK ANKER Bank GmbH’s legacy technology stack to the cloud, placing Mambu’s SaaS core banking platform at the heart of the transformation.”
The result: a modern, API-first architecture “underpinned by microservices and event-driven workflows — enabling scalability and agility.”
The transformation journey was successfully delivered and included:
- Cloud-native core banking services powered by Mambu
- A new mobile banking platform
- A reengineered data warehouse designed to deliver timely insights and robust reporting
- A suite of cloud-native ecosystem applications tailored to business and customer needs
- Operations with enhanced resilience and security
From initial planning and system design “to full implementation and go-live, OYAK ANKER Bank GmbH was able to transition without business disruption.”
Leveraging Mambu, Oyak Anker Bank GmbH has built and launched deposits and lending solutions catering “to private individuals and businesses, including fixed-term deposits and personal loans, gaining increased flexibility to serve the needs of its customers, through the use of modern cloud technology.”
Mambu’s open API architecture played a “critical role in the integration process, allowing the bank to connect seamlessly with third-party solutions, such as regulatory reporting systems, treasury management, and mobile banking platforms.”
With core operations now fully migrated to the cloud, OYAK ANKER Bank GmbH is seeing “measurable gains in operational efficiency and customer satisfaction.”
As a licensed member of the Association of German Banks, OYAK ANKER Bank serves “both retail and corporate clients through a branchless, digitally driven banking model.”
Founded in 1958, Bank has operated in Germany for over six decades.
Backed by the OYAK Group’s global expertise and capital strength, the bank upholds “standards of transparency, flexibility, and customer-oriented service.”
From its deep roots in Germany to its digital services, Bank “combines tradition, stability and innovation to offer a personalized banking experience.”
As covered, Mambu is the SaaS cloud banking platform.
Launched in 2011, Mambu claims it “fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more.”
Their composable approach means that “independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands.”
Mambu supports over 260 customers in “over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO and Bank Islam.”