The tipping point for core migration

According to a new analysis by Celent and Mambu banks may save around 50% of up-front costs and 18% of recurring costs if they switch to a cloud-native core.

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The business case for core migration.

Most institutions struggling to find a competitive advantage are mired in legacy core banking systems, which hinders performance, and reduces agility.

With time, the cost of running a legacy core is only increasing.

According to analysis by Celent and Mambu, banks globally may save $246.1 billion running a cloud-native core over five years, a 76% reduction in core spend and 15% savings in total IT costs over the same period.

Get the report to explore the benefits of cloud-native banking platforms, and challenges incumbents face due to legacy tech stack.

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"Migrating all our services to Mambu’s platform enables us to add real value for the Raisin DS Group and our many partners. For our continued growth as a Baas provider, we now have one of the most modern and agile IT platforms among European banks."

Andreas Wolf

Chief Commercial Officer

Raisin Bank

REINVENTING BANKING WITH MAMBU

Customer stories

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“This partnership will allow us to spend less time managing our legacy systems and more time focusing on improving our members’ experiences, which is our main priority.”

Rob Howse, COO at Leeds Building Society

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"We were looking for a flexible, cloud-native platform with core product capabilities that would support our mission to become a reliable and versatile partner for financial services.”

Hilmar Scheel, CEO at bob Finance

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“We chose Mambu because the company is agile and has been from the start. The team has taken very good care of us. We cannot wait to move the rest of our operations onto Mambu, including lending, business banking and more.”

Mariann Villamizar, VP Technology at Towerbank

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“This partnership will allow us to spend less time managing our legacy systems and more time focusing on improving our members’ experiences, which is our main priority.”

Rob Howse, COO at Leeds Building Society

Learn more

"We were looking for a flexible, cloud-native platform with core product capabilities that would support our mission to become a reliable and versatile partner for financial services.”

Hilmar Scheel, CEO at bob Finance

Learn more

“We chose Mambu because the company is agile and has been from the start. The team has taken very good care of us. We cannot wait to move the rest of our operations onto Mambu, including lending, business banking and more.”

Mariann Villamizar, VP Technology at Towerbank

Learn more

“This partnership will allow us to spend less time managing our legacy systems and more time focusing on improving our members’ experiences, which is our main priority.”

Rob Howse, COO at Leeds Building Society

Learn more

"We were looking for a flexible, cloud-native platform with core product capabilities that would support our mission to become a reliable and versatile partner for financial services.”

Hilmar Scheel, CEO at bob Finance

Learn more

“We chose Mambu because the company is agile and has been from the start. The team has taken very good care of us. We cannot wait to move the rest of our operations onto Mambu, including lending, business banking and more.”

Mariann Villamizar, VP Technology at Towerbank

Learn more

Don't miss out, explore the opportunities of cloud banking.

Mambu's cloud banking platform enables modern financial experiences. With our composable technology, hundreds of financial powerhouses and fintech disruptors around the world are winning the hearts of their customers every day. Find out more about accelerating digital transformation and cloud migration with Mambu.

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