Raisin DS turns Raisin Bank into one of the first German cloud banks. Mambu’s flexible technology strengthens Raisin Bank’s position as a BaaS provider for fintechs.
Amsterdam / Frankfurt: Raisin Bank, the company-owned servicing bank of fintech Raisin DS, has publicly launched its Banking-as-a-Service (BaaS) offering using Mambu’s SaaS cloud banking platform. All of Raisin Bank’s existing customers have been migrated to the Mambu platform and can now leverage state-of-the-art digital solutions for business models that require a banking licence.
This move makes Raisin Bank, which was founded in 1973, one of the first German cloud banks. Since its acquisition by Raisin DS in 2019, the bank has focused on offering the most advanced digital solutions in account management, payments and lending for financial vendors and start-ups. In the last two years Raisin Bank has established itself as a leading European BaaS provider, with a German banking license passported in every country in the European Union.
Andreas Wolf, Chief Commercial Officer at Raisin Bank, explains, “Migrating all of our services to Mambu’s platform enables us to add real value to our many partners and clients as well as to Raisin DS. For our continued growth as a Banking-as-a-Service provider, we now have one of the most modern and agile IT platforms among European banks. With Mambu, we have multiplied the speed with which we can scale processes and develop new applications. This step positions us to meet the rapidly increasing demand for digital banking solutions.”
Mambu’s SaaS banking platform offers maximum flexibility and speed, enabling financial institutions to rapidly configure and deploy new products, giving them a unique competitive edge.
By building with Mambu, Raisin Bank has the flexibility to swap out components as required, avoiding vendor lock-in and wholesale re-platforming. The bank has additionally created its own architecture on top of Mambu, developing interfaces for embedded banking solutions and automating previously complex processes for more efficient customer onboarding, credit decisions, repayments and real-time notifications.
Raisin Bank offers BaaS products for platforms and ecosystems, and utilizes these within Raisin DS itself for all banking operations. This means that customers profit directly from the improvements of the Raisin DS integration. With Mambu, the bank has future-proofed its IT stack. As an API-first and cloud-native platform, Mambu aligns with Raisin Bank’s customer-first philosophy, empowering the bank to create transparent, real-time customer experiences for their partners’ business models. All of Mambu’s core banking processes and interfaces are cloud-based, allowing Raisin Bank’s customers to innovate and integrate services faster in a low-maintenance set-up.
Eelco-Jan Boonstra, Managing Director EMEA at Mambu, added, “The future of modern servicing banks lies entirely in the cloud. Building a licensed BaaS offering and migrating all customers is a fantastic achievement and we are proud to have supported Raisin Bank in becoming one of the first cloud banks in Germany. Their customers and partners now benefit from innovation, security, and resilience of the platform, all at scale. We know this is just the beginning for the Raisin Bank team and are looking forward to being part of their story as they keep revolutionising banking services across Europe.”
Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. A unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 800 employees that support 200 customers in over 65 countries – including N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. www.mambu.com
About Raisin Bank
Raisin Bank AG targets Europe’s fast-growing fintech community with a wide range of innovative, tailored and reliable services. Since its foundation in 1973, the Frankfurt-based bank has focused on serving business customers. Raisin Bank offers expert advice and efficient Banking-as-a-Service solutions, particularly in the processing of loan portfolios and the receivables of selected borrowers. As a fronting and service bank with a full banking license, Raisin Bank supports the implementation of business models that require a banking license. Raisin Bank’s clients include fintechs like Weltsparen, Creditshelf and Exporo, as well as family offices and funds in the areas of loans, deposits, accounts and payment transactions, among others. The bank has been operating under the Raisin Bank name since April 2019 and is a wholly owned subsidiary of Raisin DS GmbH.
Raisin Bank AG / Raisin DS GmbH
Nicole Breforth & Maggie Bell
+49 160 218 65 24