Independent spinoff was in search of a lean and agile cloud-native solution to launch quickly. Our core engine gives them scalability, flexibility and speed to market at a fraction of the cost of traditional systems.
Dutch banking giant, ABN AMRO saw new threats in the market and looked for ways to position itself for the future.
There were three triggers in the market: the arrival of innovative fintechs and bigtechs, the bank’s need to change legacy systems and processes as well the market opportunity to service the underserved market in the Netherlands.
They took a cloud-native approach to technology in order to launch an independent digital spin-off, New10 which offers a range of SME lending products.
New10 combines the best of two worlds: the characteristics of a fintech with ABN AMRO’s financial knowledge and resources.
It accesses the extensive experience within the bank with digital skills and innovations from outside in a market that is changing rapidly and becoming increasingly digital.
They sought a solution that shared the lean and agile attributes of their business to provide scalability, flexibility and speed to market at a fraction of the cost of traditional core systems.
With only a small team, New10 went from concept to launch in 10 months with the Mambu implementation taking just 10 weeks.
The team actively collaborating with Mambu's CTO and COO to explore how they can utilise Mambu to further enhance their business model going forward.
New10, ABN Amro’s newly launched fintech firm, has selected Mambu’s Software-as-a-Service (SaaS) engine to power a range of SME lending products in the Netherlands.
“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. 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.”
CTO & Co-Founder
"If you look at the value that Mambu brings, is that I never have to consider whether the Mambu engine can support our ambitions. It's taken for granted, in essence that when we're moving towards new propositions, whether it's new products, new partnerships, we believe that we can make it work with Mambu.”
Director of Product Management & Co-Founder