Mambu becomes a certified Swift Business Connect Enabler, announcing go-live for financial institutions globally. * Banking * 16.07.2026 11:24 am Mambu, the cloud banking platform powering the next generation of financial institutions, today announced it has become a certified Enabler of Swift's Business Connect and Value-Added Services. The certification allows financial institutions to connect to Swift's global financial messaging network through a fully managed, cloud-native model, without the need to operate dedicated infrastructure or rely on legacy services. As part of this certification, Mambu also announces the go-live and onboarding of many financial institutions on its payments platform. Through Mambu, customers including Bank B, Outpayce and BCB Group are able to scale payments globally, serving millions of customers. Through the certification, Mambu can now provide Swift Alliance Cloud connectivity while managing the infrastructure, security, and compliance requirements typically associated with Swift access on behalf of its customers. The capability is integrated directly into the Mambu Payments Hub, giving institutions a single platform to manage cross-border payment flows alongside domestic and other international payment schemes. "We're proud to bring fully managed Swift connectivity to our customers. BankB is already live, using our Swift Alliance Cloud connectivity to connect to ING as their SEPA sponsor bank, and we have several more institutions completing their Swift onboarding and set to go live in the coming weeks. This certification means our customers can access Swift's global network without the operational burden of managing the infrastructure themselves." Édouard Mandon, VP Payments at Mambu As a certified Enabler of Swift's Value-Added Services, Mambu also gives institutions access to additional tools designed to strengthen payment operations and improve the end-customer experience. The certification builds on Mambu's broader strategy of delivering a unified payments infrastructure layer that brings together scheme connectivity, bank connectivity, and payment orchestration in a single platform. Swift Alliance Cloud connectivity extends Mambu's existing connectivity footprint across domestic payment schemes and partner banks, giving institutions a consistent way to manage international payment use cases including correspondent banking for cross-border payments, sponsor bank connectivity, partner bank connectivity, and direct access to market infrastructures. Connecting to Swift through Mambu's Alliance Cloud connectivity allows Financial IT to centralise all its bank payments via one gateway, serviced through its SEPA sponsor bank relationship with ING. The implementation with Mambu Payments was realised quickly and reliably. Payment operations on Mambu's platform are more streamlined, increase efficiency and enable Financial IT to better serve its customers." said Patrick Herwegh, CIO at BankB. Mambu's Swift Business Connect offering is now available to financial institutions, banks, fintechs, neobanks, payment institutions, and electronic money institutions globally.

Breaking free from legacy: A smarter path to core banking modernization. Blog by Rajesh Stephen, posted on June 30, 2026 in Banking and Financial Services Escaping the $25 billion legacy constraint. The industry is at a tipping point. Core banking is undergoing a structural shift. The global core banking technology market is projected to grow from approximately $13-14 billion in 2025 to $23-24 billion by 2030. At the same time, analysts estimate a $25 billion opportunity in legacy core modernization during this period, with nearly 60% of financial institutions already planning transformation initiatives. For US regional banks, the pressure is even more immediate. Cost to income ratios is expected to rise to nearly 74% by 2030 if current operating models persist, up from about 63% in 2023. Today, most banks still allocate close to 70% of their IT budgets on maintaining legacy systems rather than building new capabilities. Meanwhile, fintechs continue to launch products in weeks and regulators demand near real-time reporting. The question is no longer whether to modernize. The priority is how to modernize without disrupting business stability. Beyond "rip and replace": Rethinking core transformation. Traditional core transformation programs have relied on full platform replacement. These large-scale initiatives typically require multi-year timelines, significant upfront investment and a single, high risk cutover event. Industry experience shows that such approaches frequently lead to cost overruns, delays and operational disruption. A more effective path is progressive modernization that enables banks to evolve their core systems incrementally. By separating business capabilities from legacy platforms, institutions can modernize in phases, reducing risk while accelerating innovation. Persistent adopts a co-existence-led approach built around the LEAP framework: * Leverage Assess the current landscape and identify opportunities to decouple legacy components * Envision Define a target state aligned with business priorities and growth objectives * Architect Design a composable, API-first and cloud-native foundation * Propel Execute transformation in controlled phases with parallel runs and minimal disruption This approach allows regional banks to adopt modernization strategies tailored to their needs from digital overlays to fully composable core transformations without compromising continuity. From technology upgrade to growth platform. Modernization today is not only about replacing technology. It is about building a platform that enables growth, agility and new revenue models. Persistent brings a platform-first mindset to core transformation, combining deep domain expertise with proven global experience. With 1,100+ digital banking specialists, 15+ Gen3 core implementations and over 100 lending and deposit products delivered, persistent helps banks accelerate transformation outcomes while reducing execution risk. This expertise translates into tangible value: * Faster transition to cloud-native, API-driven core platforms * Accelerated modernization through GenAI-led efficiencies * Up to 2.5x faster time to market and up to 40% reduction in total cost of ownership through the Persistent Digital Bank Solution * Flexible, scalable architectures enabled by the 3P model - Product, Platform and Providers Persistent's long-standing partnership with Mambu further strengthens this approach, combining a cloud-native SaaS core with deep engineering and domain expertise to deliver scalable, measurable outcomes. Delivering measurable business impact at scale. Core modernization programs must deliver clear outcomes. Persistent's work with League Data demonstrates what is possible. League Data, which supports credit unions across Atlantic Canada, needed to migrate 37 Credit Unions from a legacy system nearing end of life. Persistent partnered with Mambu to deliver a large-scale transformation. The results were significant: * Upto 99.9% platform uptime * Credit union onboarding reduced from 6-9 months to 4-6 weeks * 30-50% reduction in operating costs through shared services * 500+ integration services across 20+ ecosystem partners * 900+ automated reports delivered with zero downtime cutovers Beyond this program, Persistent has delivered impactful outcomes across global markets, including: * Helped a bank launch an independent BPaaS company now licensing the platform to banks and building societies in the UK * Built and launched a fully licensed digital bank from scratch in just 8 months * Core modernization and digital engineering programs for Tier 1 banks across the US and Asia Pacific The window to act is narrowing. The opportunity in core modernization is significant, but so is the urgency. Regional banks that adopt a phased, platform-driven approach can reduce cost pressures, accelerate innovation and remain competitive in a rapidly evolving market. Progressive modernization enables banks to transform without disruption, unlocking value at each stage while maintaining business continuity. Start your modernization journey. Modernization does not have to mean disruption. With the right strategy, banks can transition from legacy constraints to a future-ready, composable core while continuing to operate with stability and confidence. Persistent helps regional banks achieve this transformation through a structured, low-risk, outcome-driven approach focused on measurable outcomes. Explore how to modernize your core banking platform without disruption. Visit Banking and Financial Services or connect with its experts to begin your modernization assessment. Rajesh Stephen. Associate Vice President, Domain Consulting at Persistent System He is an Associate Vice President - Domain Consulting at Persistent Systems, where he heads the Retail & Commercial Banking practice. With 20+ years of expertise in digital, automation and modernization programs, he works with banks and financial services firms on digital transformation, AI-native banking and next-generation core platform initiatives.

Mambu celebrates 15 years of powering next gen banking. Posted On 27 March 2026 Mambu, the leading SaaS cloud banking platform, celebrates its 15th anniversary, celebrating a decade and a half of helping financial institutions launch and scale modern banking services around the world. Founded in 2010 by three university students, Mambu began with a simple idea. After a field trip to Mozambique exposed the limits of traditional banking technology, the founders set out to build a new financial platform designed for speed, flexibility, and global reach. Since then, Mambu has grown into the leading cloud banking platform that supports more than 225 million end users worldwide and works with banks, fintechs, and financial institutions across more than 60 countries. Over the last fifteen years, Mambu has played a role in many of the key shifts that have defined modern banking: Building the cloud foundation (2010-2013) In 2011 Mambu launched one of the first SaaS banking engines built specifically for the cloud. By 2013 the platform was demonstrating the growing global demand for cloud-native financial infrastructure. Powering the neo banking wave (2015-2018) As neobanking gained momentum, Mambu became the platform of choice for a new generation of fintech innovators. Digital banks such as N26 used the platform to build and scale modern banking services across diverse markets. During this period Mambu introduced a fully API-driven architecture and launched the Mambu Marketplace, enabling banks to integrate specialist technology partners and accelerate product development. Scaling to global financial institutions (2020-2022) Mambu expanded beyond fintech challengers to support large-scale digital modernisation projects for established financial institutions. Organisations including ABN AMRO, Western Union, and Banco Estado selected the platform to power new digital banking initiatives. In 2021 the company raised €235 million at a €4.9 billion valuation and surpassed 50 million end users. Mambu also introduced multi-cloud availability, scaling its partner network across AWS, Google Cloud, and Microsoft Azure. Expanding the platform for the future (2024-2025) In 2024 Mambu acquired payments platform Numeral, adding native payment capabilities to its offering, officially launching Mambu Payments. The company also introduced enhanced Islamic Banking capabilities to support Shari'ah compliant financial services. The next chapter: intelligent banking infrastructure (2026- ) As it enters its next phase, Mambu's mission is to make more possible in people's lives by enabling simple and easy access to financial services. By combining cloud native infrastructure with intelligent capabilities, the platform helps financial institutions deliver smarter, more adaptive financial services embedded directly into digital experiences to over 225 million end users. "From the beginning, our goal was to give financial institutions the technology they need to innovate and grow," said Fernando Zandona, Chief Executive Officer at Mambu. "Fifteen years later we are proud of what we have achieved together with our customers and partners, and we look forward to continuing to shape the future of banking." With customers spanning fintech startups, global banks, and financial institutions across more than 60 countries, Mambu remains focused on enabling innovation in financial services and supporting the future of digital banking.