Welcome!

News Feed Item

Mexican Financial Innovator Kueski.com Chooses Mambu's Banking Platform

MEXICO CITY, February 6, 2014 /PRNewswire/ --

Kueski.com, a financial services innovator based in Guadalajara, Mexico, has selected Mambu's cloud banking platform to run its fast-growing consumer lending business. Launched last year, Kueski.com provides online loans nationwide, using a complex risk algorithm that draws on multiple sources of data including a customer's social media profile, to assess creditworthiness.

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

Kueski.com aims to eradicate the 'computer says no' response that many customers receive as a result of inflexible credit assessment capabilities from traditional lenders. The first business of its kind in Mexico, Kueski.com delivers quick lending decisions, enabling customers to apply online, get decisions instantaneously, and receive their loans in under an hour.

Kueski.com's customer base has rapidly grown, with double digit increases month on month since launch, so the company needed to replace its homegrown internal system, with a flexible platform that could be quickly implemented and easily scale, as the business seeks to support pent-up demand, largely from salaried workers, for access to credit in Mexico.

Adalberto Flores, co-founder and chief executive of Kueski.com said: "We believe that customers should be able to access credit, quickly and easily, when they need it, without having to take time out of work to visit a branch, or wait days for the outcome of an outdated credit review process. With Mambu supporting our operations, our customers get a flexible transparent service that delivers what they need with no fuss and no delay. We chose Mambu because their flexible platform supports our product portfolio ambitions today and in the future, and their team demonstrated the commitment and global experience required to support our growth as a successful financial services business."

Eugene Danilkis, co-founder and chief executive of Mambu, said: "New financial innovators like Kueski.com are helping meet an overwhelming demand for essential banking services in fast-growing markets such as Mexico. Using cloud technology as an enabling force, Mambu is helping change the way financial innovators approach, design, and execute services that extend financial inclusion to the underbanked."

Kueski.com approached Mambu in December 2013, and was up and running on the Mambu platform by early January 2014.

About Kueski

Kueski is the leading online micro-lending platform in Mexico and Latin America. The company uses big data and advanced analytics in order to approve loans in a matter of minutes. Simple, paperless and available 24/7, Kueski is the most convenient lending platform for those who need an immediate loan. The company has become the fastest growing platform of its kind in the region. For more information, please visit http://www.kueski.com/en

About Mambu

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 2011, the Berlin-based company works with more than 100 institutions in 28 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 3 billion individuals and 250 million micro, small and medium enterprises in need of loan, savings and insurance services. For more information, please visit http://www.mambu.com

SOURCE Mambu

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.