Opportunity International Chooses Mambu’s Cloud Banking Platform for SME Business Lending in China

May 28, 2014

HONG KONG, May 28, 2014 /PRNewswire/ –

Global microfinance network makes strategic move to cloud and mobile

Mambu, the cloud banking platform provider, has been selected by Opportunity
International, the global microfinance network, as its core banking platform for small and
medium business lending in China. Opportunity International (OI) is Mambu’s first customer
in China.

http://photos.prnewswire.com/prnh/20130924/642408-a )

Building on its microcredit heritage, OI China is expanding its small business lending
capabilities to help provide working capital to this sector. It offers loans of US$20,000
up to US$1 million to small and medium-sized business, some of which have more than 100
employees, in a drive to support job creation that supports greater financial inclusion.

OI China sought a cloud-native platform that could support rapid new product
development, get to market quickly, and easily integrate with mobile, a key channel as the
organisation looks to improve its reach in rural China.

“Leveraging cloud technology and greater integration with mobile channels were key
goals in our strategic roadmap for 2014 and Mambu’s cloud banking platform offered us the
perfect solution in both areas,” said Robert Westcott, chief information officer at
Opportunity International. “For OI China in particular, we wanted a platform that enables
us to operate more efficiently and effectively, and expand our services to more clients
quickly. To do that we needed a modern technology solution that would enable us to rapidly
create, launch and service appropriate loan products so we can have a greater impact on
lives. Mambu delivers that business agility.”

In order to support OI China, Mambu established a Chinese cloud environment with
Alibaba’s Aliyun cloud, the servers and datacentres for which are located in Beijing,

“With nearly two thirds of the world’s micro, small and medium businesses currently
underserved, there is no doubt about the size of the opportunity, yet reaching this market
has proved challenging in the past, as providers are constrained by inflexible systems
that just can’t support business needs,” said Eugene Danilkis, co-founder and chief
executive at Mambu. “Opportunity International is a forward-thinking organisation that has
recognised the value and impact that Mambu’s cloud banking platform can bring to its
business operations, allowing it to rapidly develop and extend its capabilities so they
can focus on their vision of creating a world in which all people have the opportunity to
achieve a life free from poverty.”

About Opportunity International

Opportunity International is a global non-profit organization that helps people in
developing nations work their way out of poverty, strengthen their families and improve
their communities. The organization currently provides loans, savings programs, insurance
and other financial services and training to more than 5 million clients in 22 countries
across Africa, Asia, Latin America and Europe. Clients use the resources to expand
businesses, provide for their families and create jobs in their communities. The U.S.
headquarters of Opportunity International are in Oak Brook, Ill., with other key offices
in Australia, Canada, Germany and the United Kingdom. The organization proudly employs
more than 17,500 people around the world. Discover more: http://www.opportunity.org
[http://opportunity.org/http://opportunity.org ] or join the conversation at
http://facebook.com/opportunityintl [https://www.facebook.com/OpportunityIntl ] and
http://twitter.com/opportunityintl [https://twitter.com/opportunityintl ].

About Mambu

Mambu enables innovative banking providers to rapidly create, launch and service loan
and deposit products through its agile, flexible and affordable cloud banking platform. An
alternative to legacy core banking software, Mambu accelerates time to market for new
consumer and SME banking products via innovative channels, at a fraction of the cost.
Established in 2011, the company works with more than 100 institutions in 30 countries
worldwide, servicing a portfolio of more than a million accounts. Our clients range from
microfinance organizations to financial innovators and digital banking disruptors seeking
to extend banking services to underserved markets around the world. For more information,
please visit http://www.mambu.com or follow us on Twitter @mambu_com
[http://www.twitter.com/mambu_com ]




Source: PR Newswire

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