Mambu powers ABN AMRO’s digital bank, BUUT

By Vriti Gothi

ABN AMRO has launched BUUT, a neobank designed to empower young people with smarter money management tools, built in collaboration with Mambu, the SaaS cloud banking platform. Delivered to market in just 12 months, BUUT demonstrates the speed, agility and digital-first focus driving the future of financial services.

BUUT provides a full suite of financial services within a single intuitive mobile app, including a Dutch IBAN account, savings and budgeting tools, payments and cards. By leveraging Mambu’s composable cloud platform, ABN AMRO is able to deliver seamless IBAN administration and core banking services that underpin BUUT’s payment and savings capabilities.

The launch of BUUT reflects ABN AMRO’s commitment to innovation, inclusivity and trust. With a proven track record of building successful digital ventures such as New10 in 2016, the bank continues to extend its ecosystem through partnerships that combine technological innovation with customer-centric design.

Mark Geneste, Chief Revenue Officer at Mambu, said, “With BUUT, ABN AMRO has shown how established banks can leverage a future-ready, cloud-native platform to move with the agility and scale needed to keep up with market needs and the demands of Gen Z and Alpha. We are pleased to expand on our partnership with ABN AMRO and support them to deliver a fresh, digital-first banking experience for the next generation.”

Hein ter Braak, Head of BUUT, added, “BUUT has the ambition to build the most financially healthy generation ever, and aims to launch on the shortest possible time path. As one of our strategic vendors, Mambu has proven to be easy and fast to implement and provides BUUT with a solution capable of scaling fast, a perfect match!”

By combining ABN AMRO’s deep customer expertise with Mambu’s composable banking technology, BUUT is positioned to set new benchmarks for youth-focused digital banking in the Netherlands, delivering meaningful financial tools that promote long-term financial well-being.