BERLIN, September 24, 2013 /PRNewswire/ --
Hamilton to Lead Mambu Through Next Stage of Growth
Industry veteran David Hamilton has joined banking technology provider Mambu GmbH, the Berlin-based software-as-a-service start-up. Hamilton will serve as Mambu's President, and will lead the company through its next phase of global growth.
Established just two years ago, Mambu recently announced that 100 financial institutions have already adopted its cloud-based technology in more than 26 countries around the world. The company secured Series A funding earlier in 2013 and has spent the last seven months developing its banking platform in support of the company's vision to provide accessible and affordable banking technology for all.
Hamilton, whose career spans more than 20 years, was most recently president of SunGard Financial System's global banking business, where he led a global team in delivering retail, corporate and private banking solutions to more than 1,200 banks worldwide.
"Mambu has proven its ability to provide modern banking solutions to a diverse range of financial institutions, from small to large microcredit organisations, deposit-taking institutions and financial innovators," said David Hamilton, President of Mambu. "As the financial services industry transitions to a 'cloud-first' model, Mambu is incredibly well positioned to lead this high-growth market. Mambu's cloud-based SaaS offering will enable banks to rapidly address new market opportunities and reduce the excessive costs previously associated with software licenses, maintenance and in-house infrastructure."
Eugene Danilkis, CEO and founder of Mambu, added, "David's extensive global banking experience and deep comprehension of the challenges that financial organisations face make him an ideal fit to lead Mambu to the next stage of our development."
Mambu enables any financial institution to deliver state-of-the-art banking through its software-as-a-service cloud solution. Agile, flexible and open, Mambu eliminates the complexities typically associated with core banking software, at a fraction of the cost. Mambu makes it simple and cost-effective to provide essential banking services such as loans and deposits. Established in 2010, the Berlin-based company works with more than 100 institutions in 26 countries worldwide, servicing a portfolio of more than $100M. Our clients range from small microfinance organizations to large retail banks and other financial innovators that are seeking to address the financial needs of the world's 250 million micro, small and medium enterprises in need of loan, savings and insurance services. For more information, please visit http://www.mambu.com