Mambu's cloud banking platform to serve Cake, Vietnam's newest digital bank - Finextra

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Cake digital bank has selected the market leading SaaS cloud banking platform Mambu as it looks to scale its business towards offering a full suite of digital banking services.

Launched in January 2021, Cake is a collaboration between Be Group - the organisation behind Vietnam’s ‘Be’ ride-hailing app - and VP Bank, one of Vietnam’s leading banks. All products and services offered by Cake are fully licensed by the State Bank of Vietnam through VP Bank, with beFinancial (a part of Be Group) looking after the operations of the new digital bank.

“In order to provide a superior customer experience we need to enable the rapid launch of flexible and unique products, as well as shorten processing times for transactions. We selected Mambu’s cloud banking platform as it is the most innovative and versatile solution on the market,” said Mr Nguyen Huu Quang, CEO of beFinancial. “We wanted to find a technology partner that shares the same understanding of the power and social impact of enabling faster and easier access to financial services. Like Cake, Mambu is nimble and agile, and we are excited about the potential of what our two tech-focused businesses can do together.”

Myles Bertrand, Managing Director APAC at Mambu, said, “Vietnam’s digital banking market is incredibly active right now, but Cake’s offering - linked to the Be ride-hailing app - is completely unique in the market. By tapping into an already established and loyal customer base, Cake is making things like paying for goods and services, saving money and receiving deposits quick and simple… literally a piece of cake. Mambu’s cloud banking platform will ensure the safety and security of Cake’s digital banking services, while also enabling the bank to meet their customers’ evolving expectations for outstanding service.”

Added Pham Quang Minh, General Manager Vietnam at Mambu, “We are very proud to have been selected by Cake as it looks to expand its business into full service digital banking, and improve access to financial services for young Vietnamese consumers. At Mambu, we are committed to enabling financial inclusion in Vietnam by offering faster time to market and flexible scalability, and Cake’s new digital banking solution will have a tangible impact on this issue.”

Cake is the first digital banking solution attached to a ride-hailing app in Vietnam, and will enable access to financial services for as many as 10 million existing Be customers and drivers, primarily Gen Z and young professional consumers.

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Mambu's cloud banking platform to serve Cake, Vietnam's newest digital bank - Finextra
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R. Kelly Made Girlfriends Who 'Twerked for Cake' Fight Each Other at Birthday Party, Witness Says - The Daily Beast

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After R.Kelly’s girlfriends displeased him at an all-female birthday party at his studio, the singer made the women fight each other, a former assistant testified on Tuesday.

“He didn’t like that they were twerking for cake,” Suzette Mayweather, who worked as one of Kelly’s assistants for 16 months, told jurors during the singer’s sex-crimes trial in Brooklyn federal court.

As punishment for how they were acting at the Jan. 4, 2016 party, Mayweather said that Kelly “had them get on each other”—or fight. Kelly later told Mayweather that while the party only included females, he was angry that one of his girlfriend’s cousins “learned more on the masculine side,” she said.

Maywather testified that during the party she could hear the girlfriends “laughing or screaming” and “thumping” upstairs, which she believed was them fighting.

She is the fourth employee of the Grammy-winning singer to take the stand against him. So far, all the employees have detailed strict rules to which they—and Kelly’s girlfriends—had to adhere while in the singer’s orbit. If they did not follow the rules, as at least three employees testified, they would have their pay docked as punishment.

Prosecutors have argued the 54-year-old abused at least six women and girls, four of whom were minors when he first had sexual contact with them. Kelly has pleaded not guilty to the charges, which include racketeering based on kidnapping and sexual exploitation of children and violations of the Mann Act, which prohibits the transport of people across state lines for sex.

To prove his pattern of behavior, several witnesses have described the bizarre rules they had to follow—ranging from asking permission to use the bathroom, to wearing baggy clothing, to standing facing the elevator walls if a man entered the room.

“They did not move unless they had his permission,” Mayweather, who worked for Kelly from Oct. 2015 to Feb. 2017, told jurors on Tuesday. “If there was a male present... I interacted with the male.”

“When [Kelly’s girlfriends] walked in the elevator, when the door closed, they faced the wall,” she added.

While Mayweather described Kelly as a “brother” who she had known for decades, she did admit on the stand that she got in several arguments with him during her employment. In one jarring incident, Mayweather said Kelly made her go to the studio in the middle of the night because he wanted sweet potato pie.

When she arrived at the studio—with several frozen pies she bought from Walmart in hand—she said that Kelly told her: “I thought you were going to fail your test.”

The pair then got into an argument at the studio because Mayweather spoke to one of Kelly’s girlfriends about their relationship. Breaking down on the stand as she described the argument, Mayweather said the incident got so heated that she lied to Kelly about who initiated the conversation between her and one of his girlfriends because she “feared for her in terms of what the repercussions would be.”

One of Kelly’s rules, she noted, was that nobody could speak with the singer’s girlfriends about their relationship.

“This particular incident was the first time... that I had ever seen Rob really that upset,” she said, noting that she received a fine for breaking the rule. “It was not the tone, it was the look in his eyes.”

Tom Arnold, who said he worked for Kelly for over eight years as a studio manager, testified last week that he ultimately left his job after being docked a week’s pay for booking a male Disney World tour guide for the singer and his girlfriends.

“Nobody was available,” Arnold said about his decision to book a male guide even though one of Kelly’s rules insisted it “always had to be a female.”

He testified that the week’s “fine”—which was about $1,500—came after he was forced to book a male guide for a “very last minute” trip for the singer and some “female guests.” The booking also went against Kelly’s alleged rule that girlfriends could not be around other males, or look them in the eye if they were in the same vicinity.

Mayweather likewise testified on Tuesday that Kelly’s girlfriends could not be around other males. And Anthony Navarro, who was a low-level assistant in 2007, also testified last week about Kelly’s intense regime.

“We were all fined because someone ate his donuts,” Arnold said about another incident.

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R. Kelly Made Girlfriends Who 'Twerked for Cake' Fight Each Other at Birthday Party, Witness Says - The Daily Beast
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