Bankable thus enabled MoneYou, a subsidiary of the Dutch banking giant ABN AMRO specialised in online savings, to provide current accounts to its 500,000 clients. The FinTech provided the bank with its account creation and management, payment processing, and card issuance and management capabilities. "As a result, six months after we were awarded the contract, MoneYou was able to deploy its new service in two European markets", said Bankable’s founder. "In the Netherlands, the bank was able to launch an account linked to a Maestro debit card. In Germany, a credit card was issued, as our platform is able to support various instruments."
With MoneYou, Bankable opted to use existing IT systems, in accordance with its own technological approach based on compliance with legacy environments. "Accordingly, we created an agile technical layer to complement the existing banking engine, our platform then becoming the account management system, the main account from which the real-time customer experience was built", said Eric Mouilleron. "Gradually, throughout the project, we updated the existing system to enable it to manage aspects such as regulation and accounting. However, the entire real-time customer experience well and truly relies on our platform and its processing, payment card management and digital banking capabilities."
It is also the company’s policy to work closely with its clients. "Bankable is neither a licence provider nor a consulting firm", said the company’s CEO. "We have developed a platform which we can configure to meet our clients’ specific needs. In this particular case, ABN AMRO’s teams developed the front-end of the solution, which enabled the bank to maintain control over aspects such as brand management and customer experience management."