Spanish Neobank Expands Lending Products by Signing Deal with Mambu
- The partnership will allow Plazo access to over 30,000 new product combinations.
- Customers could access the new lending products via Plazo Credit S.L.U.
Plazo, a Spanish neobank, said on Wednesday that it had arranged a partnership with Mambu, a cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term banking technology platform. According to the press release, Plazo will enable access to over 30,000 new product combinations and fuel its expansion.
The new lending products will be available to customers through Plazo Credit S.L.U., a collaborating company created to provide credit once the integration with Mambu is complete. “The partnership with Mambu will be key to complete the current offering of Plazo, thus further consolidating it as the integral financial wellness app that will allow customers to gain full control over their personal finances. Leveraging Mambu’s disruptive technology and ecosystem, we will now be able to speed up the development of flexible lending solutions, thus offering customers a full-range service combination of transactional, saving and credit solutions,” Alessandro Ceschel, the CEO of Plazo, commented.
The Plazo app aims to further consolidate its position as one of the leading financial wellness apps in Spain following its successful launch in 2021. The Plazo platform has issued more than 100,000 Mastercard debit cards to date. In addition, BNPL, fractional payments and salary advances will soon be part of Plazo’s offering, thanks to its partnership with Mambu.
“Plazo understands that today’s banking is about being truly customer-centric. They are the only neobank in Spain combining daily banking with innovative credit solutions adapted to their customers’ needs. To succeed in the fast-paced financial world of today, Plazo adopted Mambu to boost its high-velocity operating model, and we are very proud to be part of their success story,” Victor Indiano, Area Manager, Southern Europe at Mambu, pointed out.
Sentinels Solution in Dutch Neobank
In other news around the neobanks landscape, Sentinels, a regtech company, recently worked with the Dutch neobank, Brand New Day to enhance its anti-money laundering (AML Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) controls.
With the integration of the regtech solution, the neobank will save resources on automating the development of client risk profiles, proving that neobank’s compliance provides a clear view of customer activity.
Plazo, a Spanish neobank, said on Wednesday that it had arranged a partnership with Mambu, a cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term banking technology platform. According to the press release, Plazo will enable access to over 30,000 new product combinations and fuel its expansion.
The new lending products will be available to customers through Plazo Credit S.L.U., a collaborating company created to provide credit once the integration with Mambu is complete. “The partnership with Mambu will be key to complete the current offering of Plazo, thus further consolidating it as the integral financial wellness app that will allow customers to gain full control over their personal finances. Leveraging Mambu’s disruptive technology and ecosystem, we will now be able to speed up the development of flexible lending solutions, thus offering customers a full-range service combination of transactional, saving and credit solutions,” Alessandro Ceschel, the CEO of Plazo, commented.
The Plazo app aims to further consolidate its position as one of the leading financial wellness apps in Spain following its successful launch in 2021. The Plazo platform has issued more than 100,000 Mastercard debit cards to date. In addition, BNPL, fractional payments and salary advances will soon be part of Plazo’s offering, thanks to its partnership with Mambu.
“Plazo understands that today’s banking is about being truly customer-centric. They are the only neobank in Spain combining daily banking with innovative credit solutions adapted to their customers’ needs. To succeed in the fast-paced financial world of today, Plazo adopted Mambu to boost its high-velocity operating model, and we are very proud to be part of their success story,” Victor Indiano, Area Manager, Southern Europe at Mambu, pointed out.
Sentinels Solution in Dutch Neobank
In other news around the neobanks landscape, Sentinels, a regtech company, recently worked with the Dutch neobank, Brand New Day to enhance its anti-money laundering (AML Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) controls.
With the integration of the regtech solution, the neobank will save resources on automating the development of client risk profiles, proving that neobank’s compliance provides a clear view of customer activity.