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Mambu vs Thought Machine comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Oct 8, 2024
 

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
Thought Machine
Ranking in Core Banking Software
2nd
Average Rating
0.0
Number of Reviews
0
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 Thought Machine is 23.7%, up from 21.6% 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.
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Quotes from Members

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

Pricing and Cost Advice

"As a core banking system, the tool is cheap."
"Mambu's pricing is medium."
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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
27%
Computer Software Company
17%
Manufacturing Company
5%
Insurance Company
4%
 

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.
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Comparisons

 

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Overview

 

Sample Customers

ZestMoney, Asto, Ferratum, Folkefinans, Monedo, Mynt, N26, New10, OakNorth Bank
LLOYDS BANK, Atom, SEB, Standard Chartered