Latest news with #LightFrame
Yahoo
20-06-2025
- Business
- Yahoo
Light Frame and Mambu enter wealth management partnership
Swiss investment operations technology company Light Frame has joined forces with cloud-native core banking solutions provider Mambu on private banking and wealth management. This collaboration aims to deliver a 'next-generation' core banking solution designed for the private banking and wealth management industries. According to Mambu, the collaboration is 'timely', as wealth managers and private banks navigate shifting client demands, heightened regulatory challenges, and intensifying profitability pressures. This partnership seeks to provide banks with 'distinct advantage' in developing and implementing their strategies, the core banking tech vendor added. Mambu region manager of DACH Cenk Bozal said: 'Mambu's entry into private banking alongside Light Frame marks a material step toward modernising a sector that has historically seen limited innovation. 'With over 260 live customers across 65 countries, Mambu is uniquely positioned to partner with the industry to realise the transformational value of a modern, proven core.' Mambu states that the wealth management industry continues to be limited by outdated technology, leading to elevated operational expenses and restricted innovation. The collaboration between Mambu and Light Frame is said to offer a timely and innovative solution for institutions looking for modern, secure, compliant, and scalable alternatives. By connecting investment operations with core retail banking, this solution hopes to enable wealth institutions to provide 'seamless' and comprehensive banking and investment experiences; speed up implementation and simplify IT infrastructure. It also looks to help wealth institutions integrate with third-party systems; boost productivity and automation with user-friendly interfaces and contemporary architecture; and maintain compliance and scalability through a cloud-native framework. Light Frame CEO Schuyler Weiss said: 'When we set out to build a modern Swiss private bank, we searched for a core system that could deliver sophisticated wealth services while embracing the advantages of new technology. It did not exist. That experience led to Light Frame. Today, in partnership with Mambu, we are offering a new benchmark—an end-to-end solution that is fast to implement, intuitive to use, and purpose-built for the high-touch, tailored services that define private banking.' "Light Frame and Mambu enter wealth management partnership " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
19-06-2025
- Business
- Finextra
Mambu and Light frame collaborate on core banking package for wealth management
Today, Light Frame SA, a Swiss provider of modern investment operations and portfolio management technology, and Mambu, a global leader in cloud-native core banking, have announced a strategic partnership delivering a next-generation, fully integrated core banking solution tailored to the private banking and wealth management industries. 0 The partnership comes at a critical moment as wealth managers and private banks adapt to evolving client expectations, growing regulatory complexity, and increasing pressure on profitability. By combining Mambu's leadership in cloud-native core banking and extensive global operational footprint with Light Frame's sophisticated investment operations and portfolio management technology, the collaboration offers a distinct advantage to banks as they shape and execute their strategy. 'Mambu's entry into private banking alongside Light Frame marks a material step toward modernizing a sector that has historically seen limited innovation,' said Cenk Bozal, Region Manager DACH at Mambu. 'With over 260 live customers across 65 countries, Mambu is uniquely positioned to partner with the industry to realize the transformational value of a modern, proven core.' The core banking market is projected to exceed $65 billion by 2032, growing annually at 18.6%, according to Fortune Business Insights. The wealth management sector remains underserved by legacy technology, resulting in high operational costs and constrained innovation. The Mambu x Light Frame partnership presents a timely and transformative solution for institutions seeking modern alternatives that are secure, compliant, and built for speed and scalability. 'Over the past decade, Mambu has been at the forefront of core banking innovation, though our efforts have largely focused outside the Wealth industry,' said Leon Stevens, Head of EMEA at Mambu. 'We are now pleased to extend that innovation to private banks, wealth managers, brokerage banks, and WealthTechs as they modernize or start their operations. By bridging the gap between investment operations and core retail banking, the new solution empowers Wealth institutions to: Deliver seamless, end-to-end banking and investment experiences Accelerate implementation timelines and reduce IT complexity Integrate efficiently with third-party platforms Drive productivity and automation through intuitive interfaces and modern architecture Ensure resilience, compliance, and scalability through a cloud-native infrastructure 'When we set out to build a modern Swiss private bank, we searched for a core system that could deliver sophisticated wealth services while embracing the advantages of new technology. It didn't exist,' said Schuyler Weiss, CEO of Light Frame and former founder and CEO of the Swiss bank Alpian. 'That experience led to Light Frame. Today, in partnership with Mambu, we're offering a new benchmark—an end-to-end solution that's fast to implement, intuitive to use, and purpose-built for the high-touch, tailored services that define private banking.'
