18 February 2018
visit www.ebaday.com

Mentors International chooses Mambu cloud banking platform

01 July 2014  |  1232 views  |  0 Source: Mambu

Mentors International, a non-profit organisation that uses microenterprise, mentoring, and business training to alleviate poverty worldwide, is implementing Mambu's cloud banking platform across its entire network, spanning five countries worldwide.

Currently active in the Philippines, Guatemala, Honduras, El Salvador and Peru, Mentors International has helped more than 3.3 million individuals escape poverty through the formation of small businesses with loans funded by Mentors.

Previously Mentors had deployed a database system on a standalone basis in each country where it operates. An offline system, this made data extraction, aggregation and reporting a labour-intensive task, that was error-prone and difficult to manage. With its new cloud-based Mambu implementation, Mentors will be able to easily customise the solution to support individual country requirements, and will also gain greater visibility of its entire portfolio, providing both field managers and Mentors HQ with greater transparency and insight into its operations.

Mentors plans to use Mambu's open APIs to connect with local payment systems, and will also deploy Mambu's recently announced offline mode for Mambu Mobile, ensuring its staff can work offline, even if their internet connection fails, as is often the case in remote areas.

"With access to the internet becoming ever more ubiquitous, Mambu's cloud-based platform will improve our operational efficiency, enabling us to more easily demonstrate our social impact and improve financial transparency for our staff and our donor community," Adriano Oliveira, director of international operations at Mentors International. "Mambu was the obvious choice because it supports our diverse product range across our operations in multiple geographic locations, and can be rolled out to support any future countries, with no additional investment required."

Mentors met with Mambu at the Microcredit Campaign Summit in Manila in 2013, and began working with Mambu on a phased roll out in April 2014. Mentors plans to go live in the Philippines and Guatemala by end of June 2014, with Honduras, El Salvador and Peru going live in second half of 2011.

Eugene Danilkis, co-founder and chief executive of Mambu said "Multinational microfinance networks stand to gain a lot by standardizing technology across their network. A cloud platform gives them real-time transparency into their network from donor level down to the social impact for every individual client. Mambu enables networks like Mentors International to bring their services to their clients, innovate on flexible products and focus on the core mission and impact on the communities." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10874 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8478 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8260 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7923 views 3 | 9 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job