Press Release

LEVERIS state-of-the-art banking platform goes live in the Dutch market

Joe O'Connor
Joe O'Connor
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Banking technology company LEVERIS has broken new ground in the drive to unlock the benefits of true digital banking.

The digital banking platform, which is entirely software-defined, based in the cloud and completely independent of legacy core banking technology, is now live and has enabled major financial services firm Link Group to enter the Dutch market. It is executing loans and servicing millions of euros for three Link Group clients.

Since deployment, the LEVERIS Digital Banking Platform has helped deliver a 70 per cent reduction in average application to drawdown time, enabled the onboarding of additional lenders to the platform in less than four weeks, and delivered a significant reduction in operational costs for Link Group.

Commenting on the partnership, Robbie Hughes, CEO, Banking & Credit Management at Link Group, said: “This partnership is enabling us to enhance traction across the broader banking universe through the application of next-generation technology.”

LEVERIS Digital Banking Platform is also helping lenders easily manage payment breaks for struggling borrowers during the global pandemic.

“If COVID-19 has taught us anything, it’s that the future of banking is digital,” said LEVERIS founder and CEO Conor Fennelly. “During this period, businesses and consumers have sought out digital solutions that ensure products and services are delivered safely and seamlessly.”

He added: “The consumer experience with banking has not always lived up to expectations. We believe technology has failed banks and, as a consequence, their customers. We aim to change that.”

McKinsey & Co. has estimated that financial institutions that “fail to evolve digitally” could see profits fall by up to 60 per cent by 2025.

LEVERIS can help address this. Its technology dramatically reduces the cost of digital transformation for legacy banks and enables new entrants to set up fully functional digital banks within a matter of weeks from a standing start.

For consumers, this heralds a new era in digital banking, presenting lower costs, greater competition and better innovation as Banking-as-a-Service (BaaS) becomes a reality.

Commenting on LEVERIS’ early successes, Carol Gibbons, Enterprise Ireland Divisional Manager ICT and International Services, said: “COVID-19 is accelerating the move to digitisation for many Irish companies and LEVERIS is well placed to benefit from this trend with its innovative digital banking platform. We wish the LEVERIS team success as they expand in Ireland and in overseas markets.”

The LEVERIS Digital Banking Platform

LEVERIS Digital Banking Platform is a cloud-native, software-defined core banking system built for the rapid launch of low-cost, digital-first banks.

The platform enables banks and non-banks to offer a wide variety of retail banking products. Some of these include:

  • Current accounts
  • Deposit and savings accounts
  • Multi-currency accounts
  • Savings goals
  • Payments and direct debits
  • Debit card cashback
  • Personal loans
  • Mortgages
  • Digital onboarding including KYC & AML
  • Fraud monitoring
  • Real-time notifications
  • Mobile and web channels
  • Back office servicing interfaces
 

In a nutshell, LEVERIS Digital Banking Platform dramatically reduces the cost, complexity and time it takes to launch agile, future-proofed digital banks at scale.

Joe O'Connor
Joe O'Connor
Joe used to put words in magazines, newspapers and online. That was until he spotted LEVERIS building something special. He's been our Content Editor ever since.
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

The all-in-one core banking platform.

A fully-integrated banking platform for better banking and smarter lending.

Never miss an article

Insights on technology and how it is changing and banking landscape, straight to your inbox.

You might also be interested in...

Some more articles on how technology is driving the digitisation of financial services and what that means for banks now and in the future.

14

Apr

Charlie Delingpole, CEO of ComplyAdvantage, gives us the lowdown on the biggest financial crime threats to the financial services industry and tells us why AML-related stories should always be front-page news.

01

Apr

Wealth management is no longer just for the wealthy. In a new report, we look at the forces which have changed the landscape to make wealth services more accessible and how FIs are tapping into this market.

24

Mar

In the third instalment for a new series, we dive into the finance world on YouTube to see what we can learn about how information is communicated.

18

Mar

We caught up with David Newman of Delio to hear his views on the role of data in wealth management, a shift in what the ‘typical investor’ looks like, and the four approaches that the wealth industry is taking to crypto.

08

Mar

On International Women's Day, we dig into the numbers to see how things measure up for women in fintech. We also chat with the ladies of LEVERIS about what this date means.

03

Mar

In the second instalment for a new series, we dive into the finance world on Instagram to see what it can tell us about 'the Broke Generation'.