Malaysian fintech firm JurisTech teams up with Mambu

Malaysian fintech company Juris Technologies (JurisTech) has signed a partnership with Mambu to use the latter’s core cloud banking platform for further expansion.

The partnership will look to create a seamless customer and user experience in the credit and financing application lifecycle, See Wai Hun, CEO of JurisTech, said.

Set up in 1997, JurisTech provides credit management software solutions for banks, financial institutions and telecommunications companies in Malaysia and Southeast Asia (SEA).

Berlin-based Mambu is a software-as-a-service (SaaS) cloud banking platform set up in 2011 with its Asia Pacific headquarters in Singapore.

Globally, it has 900 employees who support 200 customers in over 65 countries.

See said the partnership will allow JurisTech to offer a “holistic credit management platform from digital on-boarding, loan origination, debt collection, and artificial intelligence to the digital banking sector”.

“Mambu is known for its cloud-native, composable banking platform and will play a strong role together with JurisTech in driving new digital innovations to bridge the gaps in providing access to credit for the under-banked community,” she added.

Mambu’s APAC commercial director William Dale said the financial services industry in Malaysia is on the verge of significant change with the new digital banking licences due to be announced by the country’s central bank, Bank Negara Malaysia (BNM).

“Our new partnership with JurisTech will enable Mambu to continue to drive innovative change within the Malaysian digital banking ecosystem as the impact of the new licences begins to be understood,” Dale said.

See added that JurisTech’s expansion into the digital banking ecosystem “will present a myriad of opportunities for fintechs and digital banking players to accelerate their financial services by leveraging robust technologies, in tandem with the nation’s growing economy”.

She said the company also plans to leverage Mambu’s global market presence and clientele to drive global growth.

“This will not only propel JurisTech to grow in Malaysia’s digital banking sector but also in the digital banking sector globally”, she said.