Mambu's Cloud Banking Infrastructure Facilitates OYAK ANKER Bank's Complete Core Migration to a Modern Platform
OYAK ANKER Bank GmbH has completed a groundbreaking digital transformation, migrating its legacy core banking systems to Mambu's cloud-native SaaS platform[1][2][3]. This ambitious project, led by Innovance as the exclusive technology partner, has positioned the bank as a leader in Germany's digital banking sector.
The transformation involved a full-stack modernisation and migration, replacing all legacy systems with Mambu's scalable and flexible cloud-native infrastructure[2][3]. Innovance managed the migration, delivering an API-first architecture based on microservices and event-driven workflows, boosting scalability and agility.
Alongside core banking, the transformation included the launch of a new mobile banking platform, reengineering the data warehouse for faster insights and reporting, and deploying cloud-native applications tailored to business and customer needs[2][3].
The benefits of this project are considerable. OYAK ANKER Bank now enjoys enhanced operational efficiency, improved resilience and security, and faster innovation cycles. This allows the bank to rapidly introduce new financial products and deliver seamless, secure, and modern customer experiences in a dynamic market environment[1][2][3].
Mark Geneste, Chief Revenue Officer of Mambu, considers the migration a powerful testament to the feasibility and benefits of core banking transformation, accelerating innovation and streamlining customer experiences[4].
In addition, OYAK ANKER Bank has built and launched deposits and lending solutions catering to private individuals and businesses, all operating on Mambu's true SaaS core banking platform, which features a modern, API-first architecture underpinned by microservices and event-driven workflows[5].
The Mambu platform's open API architecture played a critical role in the integration process, allowing the bank to connect seamlessly with third-party solutions[4]. Duygu Apaydin, Chief Technology Officer of OYAK ANKER Bank GmbH, states that the transformation to Mambu's cloud-native infrastructure has significantly increased the bank's agility, resilience, and ability to innovate[3].
The transformation of OYAK ANKER Bank GmbH's core banking systems has served as an example for other financial institutions looking to overcome the constraints of outdated legacy technology[6]. The bank is now better positioned to meet the expectations of modern banking customers and respond faster to market demands.
[1] https://www.mambu.com/news/oyak-anker-bank-gmbh-joins-mambus-growing-network-of-banks-transforming-to-digital-first-operations-with-innovance-as-technology-partner/ [2] https://www.innovance.de/en/oyak-anker-bank-gmbh-goes-live-with-mambu-as-the-new-core-banking-platform-to-drive-digital-transformation/ [3] https://www.mambu.com/resources/case-studies/oyak-anker-bank-gmbh-transforms-core-banking-with-mambu/ [4] https://www.mambu.com/resources/press-releases/mambu-and-innovance-announce-successful-migration-of-oyak-anker-bank-gmbh-to-the-mambu-platform/ [5] https://www.bankingtech.com/2021/09/oyak-anker-bank-gmbh-goes-live-with-mambus-true-saas-core-banking-platform/ [6] https://www.fintechmagazine.com/financial-services/oyak-anker-bank-gmbh-partners-innovance-to-accelerate-digital-transformation-with-mambu
The transformation process at OYAK ANKER Bank GmbH included the launch of a new mobile banking platform, incorporating cutting-edge technology such as API-first architecture based on microservices and event-driven workflows[2]. With the migration to Mambu's cloud-native SaaS platform, the bank is now able to offer digital banking services, as well as deposits and lending solutions, to both private individuals and businesses[5].
