Next Capital Public Company, a prominent Thai technology-driven auto leasing company, has joined forces with Mambu, an innovative global fintech firm, to introduce a new suite of lending products. Leveraging Mambu’s cloud-native core banking and lending platform, Next Capital aims to transform into a next-generation full-service digital lender, providing cutting-edge financial solutions to the underbanked. This partnership showcases the power of technology-driven innovations in the financial services sector.
Enabling a Digital Transformation:
Next Capital is committed to becoming the trusted financial services partner for the underbanked. To achieve this goal, they recognize the pivotal role of technology and innovation in creating sustainable competitive advantages and meeting customer needs. As the company expands its services beyond vehicle hire purchase loans for individuals and SMEs, the ability to adapt and scale is crucial. Next Capital chose Mambu’s cloud-native platform for its flexibility and scalability, allowing them to respond to evolving business demands effectively.
Seamless Implementation and Speedy Launch:
Next Capital successfully went live on Mambu’s cloud banking and lending platform in just four months, demonstrating the efficiency and collaborative efforts of both companies. Remarkably, Next Capital managed the implementation process in-house, without the need for a third-party System Integrator. Mambu’s platform provides the Loan Management System, while Next Capital’s capable technology team handled the Loan Origination Application and system design and integration. This streamlined approach ensured a smooth project execution.
Unlocking Innovation and Customer-centric Solutions:
The adoption of Mambu’s API-first platform equips Next Capital with the ability to connect with other technology vendors, enabling them to offer new products and services that align with evolving consumer demands. This partnership empowers Next Capital to deliver innovative and customer-centric lending solutions to its target market. By leveraging Mambu’s cloud-native infrastructure, Next Capital can continuously enhance its digital capabilities, driving financial inclusivity and accessibility.
Growing Presence in Thailand:
Mambu’s commitment to the Thai market is evident through its growing in-country presence. The company recently appointed a Country Manager, Thailand, and a Regional Partner Manager for Thailand, further strengthening its operations and support for local clients. This dedication highlights Mambu’s focus on collaborating with Thai financial institutions to leverage next-generation technology and provide accessible financial solutions to consumers.
A Successful Collaboration:
Mambu expresses its satisfaction with the collaboration with Next Capital, sharing a common vision of harnessing next-gen technology to create more accessible financial solutions for Thai consumers. The swift launch of the new lending service within four months exemplifies the success and synergy between the two companies. Mambu takes pride in this partnership and looks forward to further opportunities to drive innovation and positive outcomes in the financial services industry.
30 May 2023