Global microfinance network Opportunity International (OI) has selected Mambu’s core banking platform for small and medium business lending in China.
OI China is gradually expanding its small business lending capabilities to provide working capital to this sector. The company provides loans from $20,000 up to $1m to small and medium-sized businesses.
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The new platform will enable OI China to rapidly develop new product, get to market quickly, and easily integrate with mobile, an important channel as the company seeks to improve its reach in rural China.
Opportunity International chief information officer Robert Westcott said, "Leveraging cloud technology and greater integration with mobile channels were key goals in our strategic roadmap for 2014 and Mambu’s cloud banking platform offered us the perfect solution in both areas."
"For OI China in particular, we wanted a platform that enables us to operate more efficiently and effectively, and expand our services to more clients quickly.
"To do that we needed a modern technology solution that would enable us to rapidly create, launch and service appropriate loan products so we can have a greater impact on lives," Westcott added.
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By GlobalDataTo support OI China, Mambu has set up a Chinese cloud environment with Alibaba’s Aliyun cloud, the servers and datacenters for which are located in Beijing, China.
