Moneyou BV, the digital consumer subsidiary of ABN Amro, has tapped Bankable’s Banking-as-a-Service platform to improve banking experience for millennials.
The online bank will deploy Bankable’s multi-wallet and multi-card technology to roll out a new offering focused on millennials in the Netherlands and in Germany. The service has been currently launched for selected customers in the Netherlands.
Moneyou CEO Liesbeth Rigter said: “The flexibility of Bankable’s Banking as a Service platform allowed us to go to market faster than opting for bespoke development with on premises integration. It also prevents any future legacy issues thanks to its open evolution capability.
“For our clients, this means they will have quick access to the latest banking services. With these services we are able to introduce products that really solve customer pains and help them in organizing their accounts.”
Moneyou, founded by ABN Amro in 2001, serves customers across the Netherlands, Germany, Austria and Belgium. The firm currently offers savings accounts to over half a million customers.