Marginalen Bank in Sweden has upgraded its legacy systems and migrated to Mambu’s core banking platform.
Mambu says the migration was completed in 13 months, assisted by system integrator Avenga.
The Stockholm-based digital bank was formed through the 2010 acquisition of Citibank’s Swedish consumer arm by parent company Marginalen AB, and currently serves over 200,000 clients with retail and business banking services.
The API-enabled Mambu core, underpinned by Microsoft Azure Cloud, will power Marginalen’s payments, lending, and deposit functions. It will also enable easy access to third-party fintech int
Mambu states that the project was completed with zero downtime and “ensured full data migration and integration across the bank’s ecosystem, including Data Warehousing (DWH), Core Banking System (CBS), microservices, and local third-party providers”.
Source: https://www.fintechfutures.com/
