Swiss digital lender Bob Finance selects Mambu for cloud banking platform
Zurich-based digital lending platform Bob Finance has migrated its lending portfolio to Mambu’s cloud-native banking platform.
Bob Finance partners Mambu for banking platform
Bob Finance originally teamed up with Mambu to launch its buy now, pay later (BNPL) solution for retailers in 2020. To enter the lending market, the firm says it “needed a platform hosted in Switzerland that meets internal and external partner standards”.
“We teamed up with Mambu two years ago because we were looking for a flexible, cloud-native platform with core product capabilities that would support our mission to become a reliable and versatile partner for financial services,” says Hilmar Scheel, CEO at Bob Finance.
“Since then, we’ve reduced maintenance effort and information security risks through an up-to-date platform and technology stack compared to one that is individually hosted.”
The migration also includes a move to a locally-based Google Cloud, Bob Finance says.
“The versatility and power of the Mambu platform combined with our multi-cloud approach meant Bob Finance could change cloud providers easily and with zero down time, all in a matter of six months,” says Scott Wilson, regional VP EMEA at Mambu.
Founded in 2015 and headquartered in Zurich, Bob Finance is a branch of Valora Schweiz AG, both of which provide digital finance solutions for individuals and businesses.
