INDUSTRY WATCH
Mambu powers Colombia ’ s first neobank IRIS
Financiera Dann Regional has deployed Mambu ’ s SaaS digital platform for IRIS , its first commercial neo-bank spinoff , in an unprecedented timeframe for the traditional banking sector .
IRIS , powered by FDR , broke further ground as Colombia ’ s first purely digital banking for SMEs . IRIS is transparent , secure and tailored to offer financial services to a historically underserved sector : Colombia ’ s small and medium-sized businesses .
Its corporate customers can now open online savings accounts from anywhere in the country . They can also transfer funds between IRIS and other bank accounts , make vendor and payroll payments , schedule automatic transactions and receive digital statements . Mambu is currently helping IRIS finalize additional capabilities to provide its clients with a full stack financial product suite .
“ We are very pleased to work with Mambu . It has helped us deploy Colombia ’ s first digital bank for SMEs . We are reaching out to the country ’ s traditionally underserved sector with solutions that are not only easy to use , but also scalable and effective , allowing us to provide a wide array of value-added services to our clients ,” said Lorenzo Garavito , CEO at IRIS and Financiera Dann .
Mambu ’ s partnership with Financiera Dann Regional further affirms its position as a leader in Latin America ’ s financial sector with its cloud-native SaaS subscription-based platform . Mambu allows Financiera Dann Regional to expeditiously scale its growth and enables agile SME product design and launches . As a global leader in digitalization , Mambu is committed to providing the most innovative cloud services to meet its clients ’ and their customers ’ expectations .
Edgardo Torres-Caballero , Managing Director of Mambu Latin America , said : “ We are very excited to continue expanding our relationship with Financiera Dann Regional to power IRIS , Colombia ’ s neobank for SMEs that provides digital financial products to the business sector . Our cloud-native platform provides the flexibility , agility and speed financial institutions need to construct full suites of cutting edge digital financial services .
“ As the world ’ s only true SaaS cloud digital banking platform , we can design , deploy and scale clients ’ projects faster and more securely than any other company on the market .” p
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