One of Germany's leading direct banks, SWK Bank based in Bingen am Rhein, has partnered with the leading cloud banking platform, Mambu to offer new services to the DACH market. The companies are bundling their complementary service offerings in Banking as a Service (BaaS) and Software as a Service (SaaS), to create a new joint offering for B2B customers.

As part of the partnership, SWK Bank will contribute its modular banking services in the personal loan and deposit business, while Mambu will contribute its cloud-native banking platform. The aim of the joint initiative is to enable financial service providers to offer better banking services faster and more flexibly. Together, SWK Bank and Mambu have developed the first marketable module in the investment area in only three months.

The offer will be successively rolled out to customers in Germany and abroad. This partnership means more flexibility and fast product extensions for customers, with a shortened time-to-market process on the basis of state-of-the-art, media-interruption-free and secure technology. 

Ulf Meyer, Spokesman of the Management Board of SWK Bank, on the launch of the cooperation: “Among consumers and businesses, the expectation for smooth, simple and secure digital banking experiences is very pronounced. By combining our BaaS processes with Mambu's SaaS offering, we are creating modular new products and services that give banks and fintechs a technological edge and, for their end customers, fast, straightforward and secure services.“

Anton Langbroek, General Manager DACH & CEE at Mambu said: “As one of the most established banks in Germany, SWK Bank has an incredible impact on the state of financial services in the DACH region. This partnership ensures the company innovates at the pace of change, while in turn enabling its customers to do the same. This strategic partnership also expands Mambu’s footprint in Germany. Together, we can deliver more value to our customers with SWK Bank’s localised expertise and full banking licence. We look forward to exploring the value add of our services together as we kick off the collaboration.”