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US company Mendix supports Rabobank for its core online banking application

MendixBoston-based Mendix, which is a Siemens business and a developer of low-code and no-code application, has supplied its low-code platform to Rabobank. The platform will build a new online-only banking portal called RaboDirect for the international cooperative bank headquartered in the Netherlands.

“Across the financial industry, system updates required by regulatory compliance are often prioritized before improving the customer experience,” says Bram Voogel, customer success director at Mendix. “For any bank operating in this market it’s a competitive advantage to be able to prioritize customer attraction and retention with new online capabilities for its products. Mendix’s low-code platform turned out to be the perfect fit to help achieve this objective.”

The Mendix platform aims to facilitate the process of digital transformation for companies; and promote intense collaboration between business and IT teams.

“It’s a significant milestone that the division’s IT department is able to work in short sprints in the application development process. It was rewarding to see developers and business professionals working very closely together with the Mendix platform to create satisfying products for Rabobank’s customers in Germany and Belgium,” adds Hans de Visser, vice president of product management at Mendix.

Mendix states that it has helped reduce IT costs by 50 percent and attributed to delivering a seamless digital customer experience for the RaboDirect portal. The low-code platform was used to rebuild the bank’s online channel whereas the systems of competitive differentiation having a direct impact on the customer experience were brought in-house.

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