Mendix: The Game Changer in Banking Solutions

Banking-as-a-Service (BaaS) is predicted to reach mainstream adoption within two years, according to Gartner's Hype Cycle for Digital Banking Transformation. By the end of 2024, 30% of banks with over $1 billion in assets will launch BaaS for new revenue, although half may not meet targeted expectations. Gartner highlights BaaS, chatbots, public cloud for banking, and social messaging payment apps as transformative technologies for the banking sector. Bank CIOs should prioritize technology investment strategies based on these innovations. BaaS is currently at the peak of the Hype Cycle, attracting interest from banks and nonbanks for revenue generation.

Mendix empowers business and IT teams to develop sophisticated banking solutions with speed and ease. By enabling banks to build digital ecosystems using composable, reusable components, Mendix significantly accelerates application development and reduces costs compared to traditional coding and development methods. Mendix, the leading enterprise application development platform offers the perfect solution for banks to enhance customer experiences, reduce costs, boost business agility, and expedite speed to market:

Transforming Customer Onboarding

Customer onboarding is a critical task in the banking industry. However, implementing a first-rate digital onboarding experience can be expensive, resource-intensive, and time-consuming. Mendix's Customer Onboarding solution template offers an intuitive, easy-to-deploy accelerator that enables banks to incorporate process automation into this essential workflow. With an innovative and engaging onboarding process, banks can strengthen customer trust and remain competitive in an expanding market.

Revolutionizing Mobile Banking

Mendix's Native Banking App solution template provides key features such as biometrics, account views, transfers, credit card interfaces, and chatbot access, making it simpler for banks to develop and maintain an exceptional mobile customer experience. The resulting app is mobile-responsive and compatible with both iOS and Google Play app stores. This allows banks to reduce time to market, increase business value, and impress customers with a remarkable mobile experience.

Beyond Onboarding and Mobile Apps

Mendix goes beyond customer onboarding and mobile banking apps, offering a wide array of banking solutions. The platform can help banks streamline back-office operations, automate loan origination, and enhance risk management. Mendix also supports banks in compliance efforts by ensuring their applications meet regulatory requirements.

Several prominent financial institutions worldwide, including ABN AMRO, ING, and Rabobank, have adopted Mendix to create innovative banking solutions that have kept them at the forefront of a constantly evolving industry. Mendix is the ideal solution for banks looking to digitize their offerings across the entire client lifecycle. By empowering business and IT teams to develop intelligent banking solutions quickly and easily, Mendix enables banks to improve agility and speed to market while reducing costs. Mendix's solutions can help banks optimize their operations, automate crucial workflows, and provide customers with a personalized and seamless experience, which is essential for remaining competitive in today's market.