The Scoop
Akbank AG, the German arm of Akbank TAS, completed Phase 1 of its core banking migration to Mambu's SaaS cloud platform. Innovance partnered on the transformation, moving Retail and Private banking to Mambu on Microsoft Azure.
The Context
Akbank AG's migration, overseen by BaFin, showcases the feasibility of modernizing legacy systems in regulated European banks. Mambu's composable architecture and API-first approach streamlines partner integration. This follows a growing trend of banks adopting cloud-based solutions for increased agility and reduced maintenance. The successful Limit Proposal Application launch in 4 months highlights the benefits of Mambu's modular design.