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Raiffeisen Digital Financial institution picks Mambu to launch cell lending service

Raiffeisen Digital Financial institution, a Polish operation from Austrian banking group Raiffeisen, has gone dwell on a brand new cell lending answer from Mambu.

Raiffeisen says it wanted cloud-native know-how

The financial institution is aiming to supply its prospects totally digital loans in an “straightforward and quick method”. Utilizing the brand new answer, prospects can request loans of as much as €22,000 with a reimbursement interval of 60 months.

Mambu says its platform permits the financial institution to develop “extremely automated seamless structure” which permits shorter improvement cycles.

“The uptake of digital banking and lending merchandise in Poland and throughout your entire area is rising quickly,” says Jakub Malach, head of lending at Raiffeisen Digital Financial institution.

“We knew that solely a sophisticated cloud-native know-how would give us the aggressive edge and the power to achieve new markets quickly.”

The financial institution labored with Mambu remotely throughout the implementation interval because of restrictions led to by the coronavirus pandemic.

“Covid-19 has shifted buyer behaviour in the direction of digital banking, making RCB’s new product related and well timed,” says Elliot Limb, Mambu’s chief buyer officer.

He provides banks want flexibility to vary and adapt their merchandise, and that his agency can present that the place different distributors can’t.

Current Mambu wins embody Chilean lender BancoEstado, Vietnamese digital banks Cake and Timo, and Colombia’s Financiera Dann Regional.

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