Mambu, a leading cloud banking Software as a Service (SaaS) platform, has announced a strategic partnership with Ibercaja Banco, one of Spain’s most established financial institutions. This collaboration aims to launch a dedicated consumer finance entity in early 2025, marking a key milestone in Ibercaja’s digital transformation.
The partnership highlights Mambu’s expertise in helping traditional banks develop agile, consumer-first financial solutions—bringing the speed, flexibility, and innovation typically associated with fintechs. With this move, Mambu strengthens its position as a leading technology provider for modern banking.
For Ibercaja, this collaboration is a major step toward upgrading its consumer finance operations, enabling greater scalability, efficiency, and faster market responsiveness to meet evolving customer demands. The initiative will begin with Ibercaja Technology Solutions, a newly launched division focused on innovation in consumer finance and digital payments. This phased approach will modernize the bank’s legacy systems and enhance its consumer lending services over time.
“We’re thrilled to support Ibercaja in redefining consumer finance in Spain,” said Mark Geneste, Chief Revenue Officer at Mambu. “This partnership reinforces our commitment to helping established banks achieve sustainable growth through digital transformation. By collaborating with leading financial institutions, we are shaping the future of banking and delivering the seamless, modern financial experiences customers expect.”
Ibercaja to Transition to Mambu’s Cloud-Native Platform
Managing €97.9 billion in assets and serving over 2.5 million customers, Ibercaja will transition its consumer finance operations to Mambu’s composable, cloud-native banking platform, powered by Amazon Web Services (AWS). This transformation will be executed gradually over the coming years, ensuring a smooth and efficient transition.
“Our partnership with Mambu is a game-changer for Ibercaja’s consumer finance strategy,” said Leandro Hermida Brañas, CIO of Ibercaja. “Mambu’s cloud-native platform, combined with its expertise in driving global financial innovation, makes it the perfect partner for us. This collaboration will accelerate our technological transformation and market expansion, fully aligning with our vision of delivering cutting-edge consumer finance solutions.”
Ibercaja aims to leverage Mambu’s API-first, composable banking platform and extensive partner ecosystem to attract 200,000 new customers within five years. Beyond that, the bank will continue evolving its offerings to deliver future-ready, sustainable financial solutions for its existing customers.
Strengthening Mambu’s Global Client Portfolio
Ibercaja’s decision to partner with Mambu further cements Mambu’s reputation as a trusted technology partner for transformative banking projects. This collaboration adds to Mambu’s impressive client portfolio, which includes major financial institutions such as Raiffeisen Bank, ABN AMRO, BancoEstado, and Commonwealth Bank of Australia.
As Ibercaja accelerates its digital transformation, this partnership ensures the bank remains at the forefront of innovation, delivering seamless, customer-centric financial experiences in the rapidly evolving Spanish market.
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