Case Study: INDEXO launches modern digital banking in Latvia with Mambu

INDEXO - Customer Case Study

INDEXO, a Latvian financial services group and the first bank licensed in Latvia since joining the Eurozone, wanted to launch a modern digital bank built for the local market. To do that, it needed a flexible, scalable technology platform that could support rapid innovation, a strong customer experience, and a broad range of banking services from day one.

Mambu provided its composable cloud banking platform, underpinned by Microsoft Azure and integrated by Fintecor, enabling INDEXO to launch current and savings accounts, credit cards, SEPA payments, and instant transfers quickly. INDEXO went to market in just over a year, attracted thousands of customers in its first month, and has since continued to grow deposits and active clients; it also expanded with Mambu Payments to strengthen infrastructure, improve scalability, and prepare for future payment compliance.

INDEXO

Gints Ozoliņš

Head of Technology Development