Mambu, the leading SaaS cloud banking platform, announced today its successful collaboration with ABN Amro to support Buut, a new bank designed to help young people better manage their money.
The neobank was brought to market in just 12 months, showcasing speed and agility.
BUUT is a full-service bank that offers a complete suite of financial tools within a single, intuitive app including a Dutch IBAN account, savings and budgeting tools, payments, and cards. Mambu's composable platform provides several core banking services that enable the BUUT IBAN administration underlying the payment and savings accounts.
Innovating from a foundation of trust, ABN AMRO has already launched several successful apps and brands including business lender New10 in 2016, another successful partnership where the bank leveraged Mambu’s composable banking platform.