Mambu, a cloud banking platform, today announced that it has been selected by ODX, a leading provider of small business digital lending solutions for financial institutions and a subsidiary of OnDeck (NYSE: ONDK), to provide servicing technology for ODX’s digital lending platform.
The rapid growth of digital lenders over the past decade has demonstrated that the originations process for small business borrowers can be simplified by modern online applications. Mambu’s cloud banking platform provides scalability and accelerates the online lending process for customers through its APIs and agile cloud-native technology.
“Mambu provides servicing technology that is flexible and sophisticated,” said Raj Kolluri, SVP, Head of Product and Technology at ODX. “Their advanced APIs and configurable architecture complement the ODX technology platform and will enable us to further accelerate our growth.”
Mambu is helping transform banking and lending businesses through its modern, cloud platform that is built to enhance speed and agility in today’s digital-first world. As banking services increasingly turn towards a ‘composable banking’ approach, Mambu’s technology enables clients to develop applications and get to the market faster, fully revolutionizing modern banking and lending services.
“We’re thrilled to work with ODX as they are a leading platform provider of small business digital lending and account opening solutions,” said Edgardo Torres-Caballero, Managing Director, Mambu Americas. “As we continue to see demand for more agile and digital-first core banking solutions in the U.S. and globally, this relationship reinforces the innovative technology that we are bringing to market to enable clients to scale more quickly and better serve their customers.”