Henning Kagermann is now in Mambu Board

Henning Kagermann is now in Mambu Board
13.06.2018 12:24 pm

Henning Kagermann is now in Mambu Board

Banking , People Moves

The business and technology veteran will advise the company on its growth strategy

Mambu, the leading SaaS engine powering innovative lending and deposits, today announced that respected business leader and academic, Henning Kagermann joined its board of directors as of 1 June, 2018.

Mambu will draw on Kagermann’s decades of executive and operational expertise to help guide the company as it increasingly attracts interest and business from top tier banks and large financial institutions. 

“Mambu is the alternative to legacy core systems and is influencing the way larger banking and lending providers operate, innovate and serve their digital customers. I look forward to helping Mambu embed their leadership position by providing insight into how they can better support clients and continue rapid international growth,” said Kagermann.

He is currently a member of several supervisory boards including Deutsche Post and Munich Re. Most recently, Kagermann sat on the supervisory board of Deutsche Bank and was President of acatech, the National Academy of Science and Engineering in Germany which advises the government and society on future technology and policy issues. Kagermann spent 27 years at SAP including serving as co-CEO for five years before presiding over the company as CEO until retirement in 2008. He is credited withleading SAP’s successful strategy of organic growth and extending its market influence in the business software space globally.

Commenting on Kagermann’s role in the business, Eugene Danilkis, CEO of Mambu said: “We are privileged to have an advisor of Henning Kagermann’s stature join us as we go through an inflection point in our business trajectory. His insights will be invaluable in supporting our growth and go-to-market expansion, and will inform our approach to larger opportunities and clients.”

“The business evolution that Henning oversaw at SAP has many synergies with the one Mambu is currently undergoing. Henning joined the business when it had only been operating for a decade, with less than 90 employees. He grew with the company and played a significant role in its global success. As we grow, we look forward to leveraging Henning’s depth of leadership and operational experience,” he added.

Launched in 2011, Mambu currently powers over 6000 loan and deposit products, serving more than six million customers in over 46 countries. The company’s clients include Europe’s largest mobile bank N26, UK cloud bank OakNorth and ABN AMRO’s fintech New10.

Related News

Nordea Half-year Report 2018

Second Quarter Results 2018

CEO Casper von Koskull's comments on the results:

"This quarter we have started to see our efforts... Read more »

Bank of Asia to Become the First Client of NSD’s SWIFT Bureau in Kyrgyzstan

National Settlement Depository (NSD), Russia’s central securities depository, has signed an agreement to connect Kyrgyzstan’s Bank of Asia to SWIFT via NSD’s service bureau.

Read more »

Sberbank selects Token.io

Token.io Limited announces that its technology has been implemented by Sberbank in Slovenia as of today, 17 July 2018. Token is an open banking platform provider that allows a... Read more »

BoE’s warning on digital transformation disruption is misleading, says TmaxSoft

In the wake of the TSB IT debacle, the Bank of England (BoE) and the FCA have given financial services firms three months to explain how they would deal with technology failure... Read more »

ICS BANKS Notification System

ICS BANKS Notification System is created to provide the bank with a notification mechanism where certain messages or advertisements will be displayed for certain customers,... Read more »

Commercial Bank of Dubai and Network International Sign Acquiring Porcessing Deal

Commercial Bank of Dubai (CBD) and Network International, the leading payment solutions provider in the Middle East and Africa, recently signed an agreement to provide Network... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App