Digital banking software provider CREALOGIX has won a Europe-wide tender to develop a portal solution for a consortium of seven state development finance institutions.
The contract is for the implementation, maintenance and optimisation of the software solution sought by the consortium members for their innovative common customer portal.
This innovative portal solution is to be built on the CREALOGIX Digital Banking Hub, the CREALOGIX standard product for customer portals. It has been adapted for working with housing construction subsidies. The CREALOGIX digital banking platform provides the seven development finance institutions in the consortium a new channel and access route to offer their clients that enables all-digital processing of loan submissions. "Our goal in using the CREALOGIX portal solution is to achieve substantial streamlining, reducing the number of process steps our customers require, as well as lower processing costs for the consortium banks” explains Michael Kiesewetter, CEO of Nbank, the investment and development bank for the state of Lower Saxony.
In addition to rolling out the portal solution, slated for 2021, CREALOGIX will be overseeing further development of the portal over a ten-year period in close cooperation with the consortium development banks, in cooperation with several implementation partners. A sliding subscription fee is charged for use of the platform.
"A flagship digitisation project"
The seven state development finance banks in the consortium which have agreed to deploy a shared customer portal solution are: Investitions- und Förderbank Niedersachsen (NBank), Hamburgische Investitions- und Förderbank (IFB HH), Investitions- und Strukturbank Rheinland-Pfalz (ISB), Investitionsbank des Landes Brandenburg (ILB), Investitionsbank Schleswig-Holstein (IB.SH) and Wirtschafts- und Infrastrukturbank Hessen (WIBank), with a partnership option for Bremer Aufbau-Bank (BAB). “The development bank portal will open up an innovative digital banking channel. Additional services can eventually be standardised and then easily integrated into the platform as well. The development banks have seen the benefit of adopting our platform strategy” commented CREALOGIX Group CEO Oliver Weber.