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ABN AMRO Leverages Mambu to Support Neobanking Platform BUUT
Crowdfund Insiderยท 2025-09-30 19:59
Core Insights - Mambu has successfully collaborated with ABN AMRO to launch BUUT, a neobank aimed at helping younger consumers manage their finances effectively [1] - BUUT is a full-service bank offering a range of financial tools through a single app, including a Dutch IBAN account, savings and budgeting tools, payments, and cards [1] - The neobank was developed and brought to market within 12 months, showcasing Mambu's composable platform capabilities [1] Company Overview - Mambu, founded in 2011, provides a SaaS cloud banking platform that enables various financial institutions to design and launch modern financial products quickly and flexibly [2] - The platform is modular and scalable, allowing it to grow alongside businesses [2] - Mambu serves over 260 customers across more than 65 countries, including notable clients such as Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, and Bank Islam [2] Industry Implications - The partnership between Mambu and ABN AMRO illustrates how established banks can utilize cloud-native platforms to adapt to market demands and cater to the needs of Gen Z and Alpha consumers [1] - Mambu's technology supports the agility and scalability required for modern banking solutions, positioning it as a key player in the evolving financial services landscape [1]