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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 [http://www.blog.mambu.com/announcing-offline-support-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,"
Mentors met with Mambu at the Microcredit Campaign Summit [http://www.microcreditsummit.org ] in
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
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 digital 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 [https://twitter.com/Mambu_com ]
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