Netherlands-based LeasePlan Bank has selected Ohpen to power its core banking operations.

Ohpen’s cloud-based core banking system is set to replace “several” on-premises applications.

Danny te Brinke, director of LeasePlan Bank, said that the deal will “further increase our efficiency and enhance our capabilities to keep track of market developments and changing customer demand.”

LeasePlan Bank is part of LeasePlan Corporation N.V, which operates with a licence issued by the Dutch Central Bank. The bank offers savings products to private individuals in the Netherlands and Germany.

As of March 2018, the bank manages 140,000 savings accounts and around €6.2 billion ($7.22 billion) in assets.

Ohpen recently raised $31 million in Series C investment, led by private equity firm Amerbough. It said at the time that it would be using the funds to support its expansion into an as-yet unchosen third country. The firm is looking at a shortlist which includes Germany, France, Canada, Australia and the United States.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: