Mambu gains Swift certification for payments platform

Mambu has become a certified enabler of Swift's Business Connect and Value-Added Services, giving financial institutions access to Swift through Mambu's payments platform.

The certification coincides with live deployments and customer onboarding on the platform, including BankB, Outpayce and BCB Group.

Swift's network connects about 12,000 financial institutions, and access to it remains a basic requirement for banks and payment firms handling international transactions. By securing certification as an enabler, Mambu can offer institutions a route into that network through a managed service, rather than requiring separate, dedicated infrastructure.

The arrangement is tied to Mambu's Payments Hub, a single platform for handling cross-border payments, as well as domestic and other international payment schemes. Mambu can now provide Swift Alliance Cloud connectivity while taking on the infrastructure, security, and compliance work associated with Swift access for customers.

That is relevant for newer banks, fintechs and payment institutions that want access to international payment rails without building or maintaining legacy connectivity setups. It also reflects broader competition among banking technology providers to offer payment processing, scheme connectivity and bank connectivity in a more unified model.

BankB is already live on the service, while other institutions are completing Swift onboarding. Outpayce and BCB Group were also named among customers using Mambu's payments platform.

Under Swift's Business Connect framework, financial institutions can connect to the global financial messaging network through certified providers. Mambu's certification covers both Business Connect and Value-Added Services, meaning customers can also use additional Swift tools intended to support payment operations and customer service.

Payments focus

Mambu has been expanding its pitch beyond core banking software into payments infrastructure. The Swift certification builds on a broader strategy to combine scheme connectivity, bank connectivity, and payment orchestration into a single platform.

In practice, institutions using Mambu can manage a range of international payment models from the same environment. These include correspondent banking for cross-border payments, sponsor bank connectivity, partner bank connectivity and direct access to market infrastructures.

The Swift Alliance Cloud link extends Mambu's existing footprint across domestic payment schemes and partner banks. For customers, the appeal is less about adding a new payment channel than reducing fragmentation between different channels and counterparties.

Mambu, founded in 2011, serves more than 260 customers in over 65 countries. Its clients include banks, lenders, fintechs, credit unions, retailers and other financial services organisations, and its platform supports products across core banking, deposits, lending, payments and Islamic banking.

Customer rollout

The live implementation at BankB offers one example of how the service is being used. According to Mambu, BankB is using Swift Alliance Cloud connectivity through the platform to connect to ING as its SEPA sponsor bank.

That setup allows the bank to route payments through a single gateway rather than manage multiple links. Sponsor bank relationships are often used by institutions that need access to payment schemes or settlement services without building direct connectivity themselves.

Édouard Mandon, VP Payments at Mambu, described the initial rollout and the broader customer pipeline in a statement.

"We're proud to bring fully managed Swift connectivity to our customers. BankB is already live, using our Swift Alliance Cloud connectivity to connect to ING as their SEPA sponsor bank, and we have several more institutions completing their Swift onboarding and set to go live in the coming weeks. This certification means our customers can access Swift's global network without the operational burden of managing the infrastructure themselves," said Édouard Mandon, VP Payments, Mambu.

BankB also commented on the implementation and the service's operating model.

"Connecting to Swift through Mambu's Alliance Cloud connectivity allows us to centralise all our bank payments via one gateway, serviced through our SEPA sponsor bank relationship with ING. The implementation with Mambu Payments was realised quickly and reliably. Payment operations on Mambu's platform are more streamlined, increase efficiency and enable us to better serve our customers," said Patrick Herwegh, CIO, BankB.

Mambu said the Swift Business Connect offering is available globally to financial institutions, banks, fintechs, neobanks, payment institutions and electronic money institutions.