Capgemini, Mambu to jointly innovate banking-as-a-service in Asia
By Digital News Asia November 11, 2021
- Partnership will enhance Capgemini’s capabilities in the BaaS space
- End-to-end digital banking services in key markets, Malaysia & Philippines
Capgemini announced that it is collaborating with Mambu, a software-as-a-service (SaaS) cloud banking platform, to jointly offer banking-as-a- service (BaaS) in the Asia-Pacific region.
In a statement, the company said the alliance partnership agreement is intended to further reinforce Capgemini as a leading ecosystem digital banking partner, with Mambu at the core of its banking infrastructure, and is set to put the spotlight on Malaysia and the Philippines as key go-to markets.
Beyond augmenting the digital banking services provided by Capgemini, the company said the alliance partnership is anticipated to advance Capgemini’s systems integration capabilities on next-generation cloud native platforms and technologies.
This collaboration is expected to enhance Capgemini’s capabilities in the BaaS space as a leading end-to-end digital bank ecosystem platform partner in the Asia-Pacific region, the company said.
It will enable the company to offer clients a cloud native, open banking ready platform, with a robust architecture, and the ability to create select ecosystems and functionalities, it said.
In addition, Capgemeni also said it also offers enterprises accelerated time to market with pre-built connectors utilising leading partners and faster access to bring in other fintechs and ecosystem partners through its scale-up program.
Ravi Makhija, managing director of Capgemini’s Financial Services in Asia, said the company foresees strong growth in the digital banking markets in Malaysia and Philippines, and is excited to be partnering with Mambu to enhance its digital banking offerings for clients in the Asia-Pacific region.
“This partnership will enable us to elevate customer experience and allow clients to leverage our combined expertise in delivering an end-to-end, future-ready, digital banking ecosystem platform,” Makhija said.
Myles Bertrand, managing director of Mambu Asia Pacific, said that BaaS has enormous potential to be a catalyst for significant positive change across the Asia-Pacific financial services landscape, and the company expects great things to come from this strategic partnership.
“Capgemini’s global expertise in this space, combined with Mambu’s market leading technology, will be a powerful combination in the provision of end-to-end digital banking services, particularly in those key markets of Malaysia and the Philippines,” said Myles.
Meanwhile, Kevin Pu, general manager, Mambu Malaysia said, “Digital banking in Malaysia has been experiencing enormous growth in recent months, with unprecedented appetite from both providers and end-users for digital financial services.
“This partnership will ultimately enable the provision of faster, better and more cost-effective banking services to financial service providers in Malaysia.”
Through this collaboration Capgemini and Mambu aim to support banks in Malaysia and Philippines and the wider Asia-Pacific region.
It said it will also accelerate digital banking adoption, improve customer retention, accelerate the launch of new products using innovative technologies, and deliver an inclusive banking experience to customers by leveraging a built-for-purpose bank-in-a-box ecosystem.
Related Stories :