Lendico Switzerland deploys Mambu’s core banking system
Lendico was launched in 2016, and provides financing to small businesses and investment opportunities to private and institutional investors. It describes itself as a digital alternative to traditional SME financing.
“In Switzerland, the demand from SMEs for loan products, end-to-end digital customer experiences as well as rapid decisioning and disbursement is going unmet,” observes Myriam Reinle, CEO of Lendico.
“We wanted to both address the market demands and grow our business geographically through a fully-automated, lean and flexible business model. We chose a cloud-native approach to achieve this goal instead of building a new technology stack or replicating what existed in other operations,” Reinle explains.
She says Mambu provides “business agility” and “seamless integration” with the lender’s existing systems.
“The API-driven solution puts us in full control of our technology, enabling us to change, develop and introduce new products quickly, with the luxury of knowing we can scale operations without significant investment in time or resources,” she continues. “This frees us up to focus our attention on designing, building and evolving elements of our technical stack that truly differentiate us from our competitors.”
This is Mambu’s first implementation in Switzerland, FinTech Futures understands.