Mambu snaps up MD for North America arm from Finastra
Mambu, the Berlin-based software-as-a-service (SaaS) banking platform, has appointed a new managing director for its North America region.
Johanna Pugh, who previously spent four years at core banking provider Finastra, will split her time between Texas, Miami and New York.
Before Finastra, Pugh spent more than six years at Misys, which became Finastra in 2017 through a merger with global payments and lending technology provider D+H.
Pugh headed up FusionBanking Lending, which Misys launched in 2015. It was an “all-in-one” lending solution which allowed banks to manage the full loan lifecycle on a single platform.
Mambu’s new managing director also spent time at financial software solutions provider FIS, and earlier in her career spent nearly 13 years in sales at US credit reporting agency Equifax.
Mambu, which works with technology partners such as Backbase, Currencycloud and TransferWise, opened a second North American office in April 2019 to help US banks digitise their legacy lending technology.
The office expansion followed a €30 million fund raise in February 2019 led by US-based Bessemer Venture Partners, which also backs cloud banking provider nCino.
Pugh’s appointment will see the German fintech further strengthen its presence and operations across the US and Canada, with a focus on strategic investments in partnerships and people.
“Johanna will play a leading role in elevating Mambu’s presence in the region,” says Mambu’s co-founder and CEO Eugene Danilkis.
“We have increasingly seen banks and lenders make a move toward adopting cloud technology and Johanna will lend her proven expertise to accelerate growth in the US and Canada.”
“Now more than ever before, cloud-native and agile platforms are needed by financial institutions to bring new products to market and evolve their existing offerings,” says Pugh on her appointment.
Current customers of Mambu include ABN AMRO, Santander, N26 and OakNorth.