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Home»Fintech»Bob Finance migrates lending portfolio to Mambu cloud
Fintech

Bob Finance migrates lending portfolio to Mambu cloud

December 14, 2022No Comments3 Mins Read
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Zurich-based digital monetary providers supplier, bob Finance, has efficiently migrated its full lending portfolio to Mambu’s cloud-native banking platform. This migration included a transfer to a locally-based Google Cloud.

bob Finance is a department of Valora Schweiz AG, the main supplier of Foodvenience in Switzerland. They supply easy and safe digital financing options for each particular person and enterprise prospects. The fintech initially leveraged Mambu to launch its ‘purchase now, pay later’ providing for retailers referred to as ‘bob Zero’ in 2020. As bob Finance additional establishes itself within the lending market, it wanted a platform hosted in Switzerland that meets inside and exterior companion requirements.

Hilmar Scheel, CEO at bob Finance: “We teamed up with Mambu two years in the past as a result of we had been in search of a versatile, cloud-native platform with core product capabilities that may help our mission to turn into a dependable and versatile companion for monetary providers. Since then, we’ve diminished upkeep effort and knowledge safety dangers via an up-to-date platform and expertise stack in comparison with one that’s individually hosted.”

As bob Finance assessed the patron finance market, it noticed the necessity to deepen its technical integration with enterprise companions to supply quick and straightforward onboarding journeys and enhance effectivity. This required a platform hosted in Switzerland to adjust to knowledge residency necessities, which kicked off the present migration challenge. With its choices on Mambu’s platform, bob Finance is poised to proceed constructing merchandise and creating new alternatives within the area, whereas reaching its finish purpose of simplifying shopper finance for Swiss prospects.

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Zac Maufe, Managing Director, Monetary Companies Business Options at Google Cloud: “Right this moment’s monetary organisations require options that assist drive innovation with buyer safety and enterprise scalability. By partnering with Mambu as part of its enterprise digital transformation objectives, monetary providers establishments like bob Finance can profit from in-country, technology-enabled approaches to banking at cloud scale.”

Scott Wilson, Regional VP EMEA at Mambu: “bob Finance is creating progressive, customer-first lending experiences for the Swiss market. Constructing on the success of our unique partnership, they noticed the chance to each migrate its choices onto Mambu and a locally-based cloud. The flexibility and energy of the Mambu platform mixed with our multi-cloud method meant bob Finance may change cloud suppliers simply and with zero down time, all in a matter of six months. We’re wanting ahead to supporting the digital lender because it leverages our cloud-native banking platform to construct scalable lending experiences within the area.”

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