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Mambu vs Temenos Transact comparison

 

Categories and Ranking

Mambu
Ranking in Core Banking Software
1st
Average Rating
8.0
Number of Reviews
5
Ranking in other categories
No ranking in other categories
Temenos Transact
Ranking in Core Banking Software
3rd
Average Rating
9.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Core Banking Software category, the mindshare of Mambu is 18.8%, up from 18.6% compared to the previous year. The mindshare of Temenos Transact is 13.9%, down from 14.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Core Banking Software
 

Featured Reviews

Samuel Adebunmi - PeerSpot reviewer
Jun 12, 2024
Manages our portfolio, credit users, and overall performance
Mambu has improved the banking service because it reduced all processing. The APIs make it very easy for us to keep track of our clients at different stages of the loan status - those currently defaulting, those in bad debt, or whose savings accounts have gone dormant. This enables us to offer opportunities to clients who have performed well over the years. Most importantly, MongoDB Atlas consolidates these reports. With everything in one place, fetching reports and client information becomes straightforward. For instance, when supervisors must fetch all clients defaulting for credit release, we seamlessly integrate with SysTrack and CRC, critical systems in Nigeria. Mambu makes it much easier to fetch client data and integrate it with credit bureau APIs for record-keeping and reporting. It's a great solution for financial institutions. Overall, I rate the solution a nine out of ten.
PG
Jul 29, 2019
Offers Straight-Through-Processing as part of our core banking system
We use this solution as our Core Banking System This solution has provided us with an all-round banking solution that has local development capabilities. The most valuable feature is the straight-through processing. The Trade Finance customer frontend needs to be improved. We have been using…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"From a software engineering perspective, the product's best feature is its APIs. These APIs allow developers to access user funds, reschedule loans based on different activities, and adjust various transactions. Mambu is quite dynamic and robust, facilitating the improvement and expansion of our platform."
"Calculations with Mambu are far better than creating something yourself."
"You can write your app and the web application and create them manually. Instead of opening your application and doing something else that you want to do, you can add everything, including the details, in one place."
"The product's initial setup phase is very easy. The tool is very user-friendly."
"The best feature of Mambu is its capability to analyze clients. It is particularly useful for banking and financial institutions when making loans. You can easily see a portfolio with active clients and all relevant details. It is also easy to learn."
"This solution has provided us with an all-round banking solution that has local development capabilities."
 

Cons

"There is a bit of room for improvement in customer service and support."
"The documentation could be improved."
"There are some issues with Mambu as a tool used for core banking systems."
"The solution takes some time to open."
"The solution's response times are different and don't work consistently. I believe there is room for improvement in the API development part, specifically in understanding the platform's specific needs and structure. It also needs improvement in user-friendliness."
"The Trade Finance customer frontend needs to be improved."
 

Pricing and Cost Advice

"As a core banking system, the tool is cheap."
"Mambu's pricing is medium."
Information not available
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Top Industries

By visitors reading reviews
Financial Services Firm
24%
Computer Software Company
16%
Comms Service Provider
5%
Manufacturing Company
5%
Financial Services Firm
38%
Computer Software Company
11%
University
5%
Manufacturing Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What is your primary use case for Mambu?
I work with a financial institution and use the product for micro-financing.
What advice do you have for others considering Mambu?
I would recommend the solution to others. I rate it an eight out of ten.
What is the best customer onboarding software to work with Temenos T24 (an integrated core banking solution)?
Hey there! Considering your need for seamless customer onboarding with Temenos T24, I'd recommend checking out Cleveroad's fintech solutions at https://www.cleveroad.com/indu.... They specialize in...
 

Comparisons

 

Also Known As

No data available
Temenos, Temenos T24
 

Learn More

Video not available
Video not available
 

Overview

 

Sample Customers

ZestMoney, Asto, Ferratum, Folkefinans, Monedo, Mynt, N26, New10, OakNorth Bank
ABN Amro, Blueshore, Mauritius Commercial Bank Mauritius, Societe Arabe Internationale de Banque, Swissquote Bank, St Raphaels Garda Credit Union, Banco ITAU BBA S.A.,