Mambu, the core engine powering digital first banking and lending, today announced that they have once again been named to the FinTech50 and have won the Asian Banker Technology Innovation Award for Best Cloud Application 2017.

The FinTech50 is the annual list of Europe’s 50 hottest FinTechs. Now in its fifth year, it was the first list to feature FinTech companies selected for innovation rather than revenue. The international panel of expert judges evaluate over 1500 European companies and recognise those leading the transformation of financial services. 2017 marks the third consecutive year that Mambu has featured on the list.   

The Asian Banker Technology Innovation Awards acknowledge leadership in innovation. The awards recognise achievements and identify emerging best practices that are the benchmarks for future decision makers in vendor selection and implementation roadmaps. Winners are determined by thorough evaluation of submissions alongside research and interviews conducted by The Asian Banker Research team. Evidence of innovation is sought such as new concepts, new technologies or creative thinking that distinguishes the project and sets it apart.

“We are delighted to have received these accolades against some tough competition”, said Eugene Danilkis, CEO of Mambu. “Increased demand for and recognition of SaaS core engines like Mambu proves that cumbersome traditional systems are no longer meeting the needs of financial innovators or their customers. The key to thriving in the digital age is a lean, agile and adaptable operating model, enabled by technology with the same attributes.”