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.
Go deeper with GlobalData
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.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMambu states that the wealth management industry continues to be limited by outdated technology, leading to elevated operational expenses and restricted innovation.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.”
