Danish Business Bank Goes Live with SaaS Platform
(19 August 2021 – Europe) Kompasbank has recently launched a new Software-as-a-Service (SaaS) core banking platform through the financial technology company Mambu.
This new platform enables the bank to differentiate itself from its competitors and function as the first cloud-only bank in Denmark.
The bank aims use the new platform to support Small and Medium-sized Enterprises (SMEs) particularly in relation to financing options, saving accounts and advisory services. In addition, the onboarding process will be significantly faster and provide greater flexibility for small businesses.
“Mambu is the right choice to help us on our growth trajectory thanks to its cloud-native, Application Programming Interface(API) architecture” commented Kompasbank CEO, Carsten Smith
“Mambu’s SaaS banking platform has allowed it to build fast and flexible customer onboarding, loan and deposit processes” he also added.
Subscribe