Nordic SaaS Collaboration Set to Challenge Core Banking Providers

By AIT News Desk On Oct 25, 2021

Dploy, from Norwegian digital consultancy company Knowit, has teamed up with Mambu to deliver a cloud banking platform that will compete with established providers in the Nordics. The new platform will offer complete services in banking and finance, helping Dploy and Mambu become regional leaders in financial technology and enhance user experiences. It will be able to support traditional financial institutions and digital challengers alike, along with fintechs, retailers, telcos and more.

With its cloud-native platform, Mambu’s leading global platform services over 49 million daily end users and over 200 banks and financial institutions globally as customers. Having been active in the region since 2016, many customers are from Nordic countries and include companies such as Fixura, Folkefinans AS, kompasbank and P.F.C.

One of the most common and serious challenges with today’s core banking platforms is that banks are locked in a monolithic or legacy environment. This makes them unadaptable when the market demands new and user-friendly solutions.

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Rolf Kleppestø, CTO at Knowit Dploy, says: “Our collaboration with Mambu means banks can now exploit the power and the potential of cloud technology and continuously make improvements that help them to remain competitive and ready for a market and user experience that is in constant change.”

COVID-19 has also accelerated the need for digital transformation in the financial services industry, along with the importance of delivering great experiences to end-customers; a problem this solution can help to solve.

By connecting Knowit’s Dploy solution to Mambu’s platform, the collaboration will provide a frictionless front-to-back digital banking experience that is made ready to adapt to customer requirements from the start. Customers will have the opportunity to get both front and core solutions that are highly configurable, fast to implement and secure, as well as providing a user experience that is adapted to the individual’s everyday life and needs.

The platform allows financial institutions to offer streamlined and automated customer journeys, boosting time-to-market for new products without compromising on the customer experience. Distributing core banking services with clean SaaS technologies making it easier than ever to integrate new services to the benefit of end users.

Dploy from Knowit is already used by Nordic banks today and has the ability to manage all digital onboarding and any financial products automatically.

Bent Winkel, General Manager Nordics at Mambu, comments: “This collaboration comes at an exciting time for the banking industry, as flexibility becomes a crucial element to any success story. In partnering with Knowit, Mambu is providing Dploy with the technology necessary to streamline customer journeys and improve user experiences, while also empowering Dploy to be the leader in the Nordic region.”

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