Mambu, the SaaS banking engine powering innovative loan and deposit products, today announced that they have been named the European Growth Excellence Leader for Native Cloud SaaS Banking and Lending by research and consulting firm Frost & Sullivan.

Frost & Sullivan’s global team of analysts and consultants research a wide range of markets across multiple sectors and geographies identifying companies that maintain consistently high standards for delivering customer value, which translates into growth above the industry average.  The award recognises the company which excelled in driving growth and is best-in-class in three key areas: meeting customer demand, fostering brand loyalty and carving out a unique, sustainable market niche.  

“Mambu’s leadership team was able to identify a unique opportunity, one that would cut across banking and financial institutions across the globe.  With this market just beginning its journey to cloud adoption, and already growing rapidly, the opportunity is not only sustainable in the long term, but is also future proof,” said Deepali Sathe, Senior Industry Analyst, Frost & Sullivan.  

“To help banks and other financial institutions to overcome the challenges of enabling technology-based products and service offerings for customers, Mambu has built a native cloud software as a service (SaaS) application that improves agility and time to market.  Their operating model that works well for companies across all geographies making growth, innovation and adoption of new technologies simple and fast,” commented Sathe.

“We are honoured to receive this recognition, particularly as our success is directly linked to that of our clients.  We work closely with them to better understand their business strategies and challenges,” said Eugene Danilkis, CEO, Mambu.   “This illustrates that our approach is delivering measurable results and demonstrates the value of our lean and agile alternative to traditional core banking systems to the banking and lending industries.”