Case Study: Pibank achieves a compliant digital banking launch in Colombia with Mambu

Pibank - Customer Case Study

Pibank, the digital bank of Banco Pichincha, wanted to expand its successful model from Spain into Colombia. To do so, it needed a core banking platform that could support a new greenfield launch, comply with Colombian tax and regulatory requirements, and deliver deposit products such as a monthly interest-bearing savings account and fixed-term deposits.

Mambu provided the cloud-native, composable core that powered Pibank’s launch, including the handling of withholding tax rules and the configuration needed for a smooth customer experience. With Mambu, Pibank went live in Colombia in November 2022, just seven months after kickoff, and is now scaling its deposit business with the flexibility to adapt to future customer and regulatory changes.

Pibank

Begoña Martínez Cogorro

Vice President