Akbank AG, the German subsidiary of Turkey’s Akbank TAS, has completed Phase 1 of its core banking transformation on the Mambu SaaS cloud platform.
Innovance, Mambu’s strategic technology partner, delivered the project in partnership with Akbank AG and Mambu.
The phase covers the migration away from Akbank AG’s legacy core system for its Retail and Private Banking segments.
All customers and accounts in these segments now run on Mambu’s API-first, cloud-native core banking platform.
Germany’s financial regulator, BaFin, supervises the transformation, which follows a phased migration approach.
The architecture is hosted on Microsoft Azure. Mambu provides the core banking layer, supporting integration with external partners and reducing operational complexity.
A custom Core+ layer manages orchestration and business logic, connecting Mambu with other systems and handling product configuration, transaction validation and limit management.
Innovance built and integrated the Core+ layer across the system landscape.
In 2022, Akbank AG delivered the Limit Proposal Application. This enabled it to launch a digital corporate credit approval process within four months.
The platform now integrates core banking, accounting, payments and digital channels. It also connects wealth management back office, document management and financial crime detection systems.
Configuration-based controls enable the bank to adjust pricing, fees and interest rates without code changes.
Akbank AG has started the next phase of the programme, which will focus on Corporate Banking and Lending and more complex lending requirements.
Osman Kara, Core Banking Technologies Vice President at Akbank AG
“The industry is undergoing rapid transformation, and customers increasingly expect agility and seamless digital experiences,”
said Osman Kara, Core Banking Technologies Vice President at Akbank AG.
“With the successful completion of Phase 1 on Mambu, and in close collaboration with Innovance, we have modernised our core banking foundation and established a scalable architecture to support our next phase of growth.”
Mark Geneste, Chief Revenue Officer at Mambu, said:
“A show of our strength in the region, as well as our continued partnership with Innovance, this project will transform the banking capabilities of the region, as well as the offerings from Akbank AG. We look forward to the next phase of transformation.”
Featured image credit: Edited by Fintech News Switzerland, based on image by noob via Freepik
