French telecoms and digital banking provider Orange Bank will migrate to Mambu’s cloud banking platform at its head office in France, to drive its European expansion.
The move is an extension of the two companies’ existing partnership, following the launch of Orange Bank on Mambu in Spain, in 2019.
Orange Bank currently uses Mambu to manage its current account, loan and credit card products, with a government-regulated savings account “under development”.
Orange Bank’s core banking solutions are built on Mambu and hosted in Amazon Web Services (AWS), which enables it to easily scale operations.
The bank also makes use of AWS’ native services to support the deployment of financial products and services.
Stephane Vallois, chief executive officer of Orange Bank, said that in Mambu’s cloud banking platform, it has found “not only an innovative solution, but a supportive and trusted partner”.
“We have the agility to build and launch new features with a shorter time-to-market which adds real customer value,” said Vallois.
“We see cloud as a differentiator, it allows us to leverage strong data security and lower maintenance costs to grow faster, and scale globally. On Mambu we can build ground-breaking solutions that truly reinvent the banking experience, and we look forward to the future together across Europe.”
He added: “Based on our partnership in Spain, we were able to navigate uncharted waters during the pandemic, delivering new products while enhancing the existing ones.”
Charlotte Sanderson, head of global FSI technology partnerships at AWS added: “We’ve seen forward-thinking organisations, such as Orange Bank, are on the front foot of this next generation of banking.
“Offering new end-to-end digital services that engage customers and are personalised to their needs will be key to outlasting the competition.”
Mambu chief executive officer Eugene Danilkis said that because Orange was “born out of non-traditional roots”, it embraces change with a different mindset.
“We are excited to support Orange in continuously designing innovative solutions as it expands its operations and reaches more and more customers with better financial experiences,” Danilkis added.