By combining Mambu’s modular, cloud-native core banking platform with McKinsey’s expertise in core banking, technical change management and value assurance, we help clients maximize value from their core banking investments, often in the context of broader digital transformations.
Client Impact
Building the world’s first digital Islamic bank in the United Kingdom
Working together, we built the world’s first digital Islamic bank in United Kingdom. In less than 9 months – from proof of concept to launch – we developed and deployed a fully sharia-compliant set of banking products, resulting in 4000+ sign-ups within 48 hours of launch.
Developing a new and digital lending service for a multinational bank
We helped a large bank launch a new digital SME lending proposition with instant credit decisioning build within a nine-months timeframe. Together, we were able to unlock strong customer growth (2x traditional businesses), major process improvement (15 mins for credit decisioning), and strong customer satisfaction (NPS of 70+ vs. -35 in traditional channel).
Launching a consumer-merchant ecosystem banking proposition in Southeast Asia
We launched a consumer-merchant ecosystem banking proposition in Southeast Asia. This innovative offering covered a wide range of financial, social and lifestyle services in a single platform, and acquired 1M retail and 15k SME customers in the first year.
Related practices
McKinsey Digital
Learn how we help clients use digital to create value by reinventing the core of their business.
Financial Services
Learn how we help financial services firms improve performance. We offer a global perspective and cover all banking and insurance sectors and capabilities.
Related insights
Winning in digital banking
Incumbent banks that hope to excel in digital banking can model their approach on leading tech companies, says Kunal Galav, Mambu’s global head of partnership development and advisory.
Europe’s fintech opportunity
Fintech has moved from the fringes of European finance to its core, but performance varies widely. If all countries could match the best in region, the economic benefits would be considerable.