First on board is Salt Bank, a Romania-based bank, that has selected Engine to digitise its service and allow customers to bank on their smartphones. Engine’s SaaS will give Salt Bank the ability to onboard customers digitally, provide savings products, and oversee a portfolio of unsecured lending products.
Meanwhile, AMP Bank, a financial institution in Australia, has also chosen Engine to launch a new digital bank division, to target small businesses and consumer markets. The solution will offer transaction and savings accounts to help small business owners manage their finances on the-go.
“With Engine, our goal is to bring our modern banking platform to financial services firms around the world,” said Sam Everington, chief executive officer of Engine by Starling. “Our first client, Salt Bank, shares our vision for better banking. Together we plan to create the best user experiences for customers in Romania.” Gabriela Nistor, chief executive officer of Salt Bank, emphasised their joint vision to enhance banking experiences in Romania through digital innovation.
Alexis George, chief executive officer of AMP, highlighted the strategic significance of this collaboration in reshaping the bank’s portfolio and better positioning itself to navigate industry challenges. He said: “This new offer builds on AMP Bank’s strengths and addresses an under-served and growing segment of the market.”
Everington added: “There are clear parallels between the banking markets in Australia and the UK, and we look forward to leveraging Engine’s expertise and technology for AMP customers.”
Image: Engine by Starling