Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

NEW10 PARTNERS WITH MAMBU TO REDEFINE DUTCH SME LENDING

NEW10 PARTNERS WITH MAMBU TO REDEFINE DUTCH SME LENDING

ABN AMRO’s newly launched FinTech provides a fully digital loan application process and credit decisions within 15 minutes 

Mambu today announced that New10, ABN AMRO’s newly launched FinTech, has selected the SaaS engine to power a range of small and medium enterprise (SME) lending products in the Netherlands. New10, which aims to provide credit decisions within 15 minutes, went from concept to launch within 10 months, in line with ABN AMRO’s vision of digitisation and innovation.

“New10 combines the best of two worlds: the characteristics of a FinTech with ABN AMRO’s financial knowledge and resources,” says Mark Schröder, Co-Founder and Commercial Director of New10. “We combine extensive experience within the bank with digital skills and innovations from outside as the market is changing rapidly and becomes increasingly digital.”

Fully Cloud-Based

“To bring New10’s fully digital approach to life we took an entrepreneurial approach choosing to work fully in the cloud as it becomes the new norm,” said JaapBoersma, CTO of New10. “We needed a solution native to that environment which shared the lean and agile attributes of our business.  Mambu offers us scalability, flexibility and speed to market at a fraction of the cost of traditional core systems,” Boersma added.

Commenting on the New10 launch, Eugene Danilkis, CEO of Mambu said: “We believe that ABN AMRO’s approach of launching an independent business that operates like a FinTech is the optimal model for incumbents looking to succeed in a constantly evolving banking environment. They have taken an agile approach and leveraged best-in-class technologies to address an underserved yet potentially high opportunity market.”

“Their approach is also an illustration of how cloud technology can be used to innovate quickly and simply. We are immensely proud to be helping to power this banking revolution,” Danilkis added.

Implementation Within Four Months

Mambu took a collaborative approach working with the New10 team in order to complete implementation within four months. In a highly regulated environment, Mambu’s partnership with Amazon Web Services (AWS) which has received Dutch regulatory approval, helped smooth the path to market. New10 launched on 21 September 2017 with a fully digital SME lending platform with plans to broaden the portfolio and potentially expand into new markets.

Find out more about how Mambu worked with New10 to launch this innovative lending FinTech at LendIt Europe on 9 October in London.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post