Australia’s largest bank, Commonwealth Bank of Australia (CBA), has selected Mambu as the technology foundation of its next-gen digital mortgage brand, Unloan.
“We’ve selected Mambu to underpin our new home loan brand, Unloan, and look forward to working closely with Mambu as we continue to digitally transform our suite of CBA Group brands,” said Brendan Harrap, Chief Architect at CBA.
“Partnering with Mambu is an investment in future-proofing CBA. Mambu’s SaaS cloud banking platform will enable us to bring in best-in-class solutions from other high-performing FinTechs and vendors, build financial solutions that meet the demands and expectations of our customers, and retain our position as Australia’s leading bank.”
Mambu is a true SaaS cloud banking platform and has a composable approach that enables the assembly of independent components, systems, and connectors to meet business needs and end-user demands.
This approach aligns perfectly with CBA’s goal to understand and anticipate its customers’ evolving needs, utilizing next-gen technology like data analytics, AI and cloud to deliver personalized, agile and flexible finance solutions to consumers.
Werner Knoblich, Chief Revenue Officer at Mambu, said: “Working with organizations that want to make banking better for everyone is at the heart of what we do at Mambu, and this new partnership with CBA fits that bill perfectly.”
