Mansa Bank Launches as Branchless Digital Bank Powered by SBS Software

Mansa Bank launched in January 2020 as a fully branchless, digitally-focused bank with its core technology infrastructure provided by SBS software. The bank offers a comprehensive product suite including personal and business checking and savings accounts, loans, mortgages, and credit cards. By partnering with SBS, Mansa Bank was able to go to market without building proprietary core banking systems, reflecting the BaaS model of leveraging third-party technology providers.

The branchless model positions Mansa Bank to operate with lower overhead costs compared to traditional banks. SBS software provided the underlying technology stack that enables Mansa to deliver its full range of banking products digitally. The partnership demonstrates how banking-as-a-service and core banking platform providers are enabling new entrants to launch competitive digital banking offerings rapidly.