MAMBU
228 to employees who wanted to work remotely , Mambu was able to focus on helping those struggling with the logistics of the pandemic instead . “ We noticed that some customers were struggling and we identified several capabilities that they ( banks ) could offer their clients to provide a degree of flexibility on their payment terms , such as payment holidays or payment rescheduling . Everything ’ s becoming much more digital , so I think that ’ s accelerating a lot of different initiatives .”
Indeed , one key digital concept of which Mambu is an ardent proponent is ‘ composable banking ’ - something Danilkis believes could be the ultimate solution for creating truly agile banking .
He explains : “ It effectively means that , to really thrive in the current era , where new technologies are coming onto the market and changing the conditions , you have to be able to look for technologies and solutions , either at a technical level or business level , and combine them rapidly to create value for your customer .” Focusing on building for the future and ensuring competitiveness in the long-term instead of simply conforming to current trends , composable banking eliminates rigid vendor architectures and prioritises dynamic ecosystems that can develop optimised solutions fast . “ It ’ s essentially the philosophy that ecosystems will beat monolithic systems every time ,” Danilkis summarises .
FEBRUARY 2021