Software as a Service (SaaS) banking software provider Mambu has announced the launch of “Mambu Process Orchestrator”(MPO). MPO is described as a natural extension of the Mambu core solution that is designed to support the “creation and operation of flexible and innovative banking architectures.” MPO is said to be an “Integration Platform as a Service” (iPaaS) built around the core engine, that allows users to “compose, run and monitor API-driven and cloud-based processes.” MPO is a “no code / low code” process design.
“MPO is the scalable and high performing API-driven alternative to traditional business process management systems,” explains Ben Goldin, CTO, Mambu. “By increasing Mambu’s capabilities through MPO, we are giving clients more control of their business and integration processes. This means a reduction in time, risk and resource burdens. In a composable architecture, MPO brings the best-of-service technology partners together to help create a unique overall proposition with the Mambu banking engine at its core. It decreases the complexity and effort of building and maintaining the connectivity between them, giving clients the power to build fully-fledged apps and processes without deploying and maintaining any code.”
Eugene Danilkis, CEO, Mambu, says the addition of MPO is significant for his company.
“MPO helps financial institutions match their need to deliver modern and market leading experiences, with their ability to integrate new technologies and services quickly, simply at lower risk. Faster and more effective integration and innovation cycles empower our clients to create the compelling customer experiences which differentiate them.”
Launched in 2011, Mambu powers over 6000 loan and deposit products which serve over eight million end customers. Mambu reports more than three million active accounts in 58 countries, ranging from Fintechs to traditional banks.