Raiffeisen Digital Bank deploys Mambu for new mobile lending app


Raiffeisen Digital Bank, a brand of Raiffeisen Centrobank AG, has announced the launch of its new mobile personal loan application on Mambu.

The flexibility of Mambu’s SaaS cloud banking platform enables Raiffeisen Digital Bank to innovate quickly and develop personalized, frictionless digital financial offerings.

Under the Raiffeisen Digital Bank brand, Raiffeisen Centrobank AG (RCB) offers its customers fully digital loans quickly and easily. By adopting the best cloud technologies, RCB has designed a digital-only offering that allows customers to save time and securely borrow with no hidden costs.

Consumers can create a new account in minutes and apply for a loan entirely online, in a paperless process and without a branch visit. They can request up to 100,000 PLN (22,000 EUR) with a repayment period of up to 60 months, in a single native mobile app. The new app offers a basic set of tools for personal loan and, thanks to the flexibility and breadth of Mambu’s ecosystem, will be enriched in a continuous improvement approach.

With Mambu’s low-code platform, RCB was able to develop a highly automated transparent architecture. This enables shorter development cycles, accelerated innovation and rapid time to market.

Jakub Malach, Head of Lending at Raiffeisen Digital Bank, said: “The adoption of digital banking and credit products in Poland and across the region is growing rapidly and we wanted to be part of this dynamic market. We knew that only advanced cloud native technology would give us a competitive advantage and the ability to quickly reach new markets. “

Elliott Limb, Director of Clientele at Mambu, added: “Covid-19 has changed customer behavior towards digital banking, making RCB’s new product relevant and timely. But the pandemic has also made customers more demanding. Banks need the flexibility to quickly change and adapt their products and services, and most incumbents lack this capacity. With Mambu, RCB is well positioned to capitalize on this growing opportunity. We know that Raiffeisen Digital Bank can take banking and lending in the region to the next level. “

Mambu’s implementation and advisory teams worked closely with RCB in a remote implementation due to Covid-19. Close collaboration, SaaS technology and cloud implementation accelerated the project schedule and the digital banking application was launched in six months, meeting the increased demand for digital loans.


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