Mambu and Microsoft recently joined a Finextra webinar titled: ‘Cloud-Native: How Can Banks Achieve Efficiency?’ In this article, we share some of the key takeaways with an edited transcript of the discussion.

Businesses face constant change, as evidenced by recent disruptive events. The aftermath of the COVID-19 pandemic and geopolitical instability have led to supply constraints, fiscal stimulus, and high inflation rates.

The rip and replace approach to digital transformation has finally been seen for what it is – a failed strategy for delivering change that adds complexity at huge cost and risk. In its place, banks are turning to fintech ecosystems to allow them to compose the bank they want to be, today and in the future.