Kennek debuts ‘plug and play’ credit infrastructure on Mambu

Building on Mambu’s composable cloud platform, the company will offer a ‘highly flexible’ solution for dealing with loans

Lending solution Kennek will debut a new ‘plug and play’ credit infrastructure on cloud banking platform Mambu to help alternative lenders and credit investors with credit sourcing, Mambu said in a press release.

Building on Mambu’s composable cloud platform, the company will offer a ‘highly flexible’ solution for dealing with loans.

The platform will work with businesses to help launch and run things, and will let customers streamline all their middle-office and back-office functions, and will give structure and access to risk management tools.

Kennek has seen the demand for Software-as-a-Service (SaaS) platforms, lenders and credit investors, and will be expanding into continental Europe, a lucrative market with more value all the time, the release says.

The company also sees opportunities in North and South America with more interest there, too.

The financial market offers plenty of niche tech and data solutions for financial institutions and lenders, said Thibault Lancksweert, founder and co-CEO at Kennek. But selecting and integrating them requires both a holistic vision and a strong engineering team — which is costly and time consuming.

Co-founder and Co-CEO Xavier De Pauq said this will offer a good solution to get ‘any lender or credit investor, irrespective of their size, access to a professional, reliable and scalable system at an affordable price.’

By democratising access to an innovative bank-grade system, our partnership with Mambu has created a game-changing solution for the modern lending industry, he said, per the release.

Lending has seen some new activity as of late, with a team-up between San Francisco FinTech Nova Credit and identity decisioning platform Alloy helping lenders become more inclusive for the credit spectrum while also not increasing fraud risks.