Eiendomskreditt selects Knowit and Mambu to modernise its core banking platform

Eiendomskreditt AS is a specialised financial services provider offering commercial real estate lending across Norway. To support future growth and evolving market requirements, Eiendomskreditt requires a modern core banking platform capable of delivering increased flexibility, scalability and operational efficiency.
 
The new solution will streamline processes related to loan origination, product configuration, credit handling and portfolio management, while improving data quality and enabling better real-time insight. These improvements will support Eiendomskreditt’s ambition to deliver efficient, compliant and customer-oriented lending services.
 
Knowit will act as the main contracting partner and system integrator for the project, delivering the BankConnect integration platform and ensuring seamless integration across the solution landscape. Mambu will provide the core banking engine as a cloud-native SaaS platform along with AWS as cloud service provider.
 
Together, Knowit and Mambu will deliver a robust and scalable architecture designed to meet both current and future business requirements, while enabling faster innovation and reduced operational complexity.
 
“This project represents an important step in strengthening Eiendomskreditt’s technological foundation. By combining Mambu’s flexible core banking platform with Knowit’s integration expertise and BankConnect, we are delivering a solution that supports future growth, regulatory requirements and efficient operations,” says Eirik N. Christensen, CEO at Eiendomskreditt AS.
 
“We are proud to support Eiendomskreditt in modernising its core banking capabilities. Together with Mambu, we deliver a flexible and scalable platform that enables faster product development, improved data insight and a future-proof architecture,” says Rune Ivarsflaten, CEO Knowit Financial Solutions.’
 
“Transforming a core banking stack is a significant move, which is why Eiendomskreditt chose the most proven cloud-native ecosystem in the Norwegian market. The Mambu and Knowit partnership delivers a modern foundation that provides the agility and scalability needed to grow and we are excited to support them as they continue to evolve,” says Jorno Levels, Commercial Lead Nordics at Mambu.
 
The agreement includes implementation of the new core banking platform with the project spanning over five years. The project has already been started.

About Eiendomskreditt

Eiendomskreditt is a specialised Norwegian commercial real estate lender dedicated to deliver simplicity, speed and quality. Through close cooperation with banks and partners, the company supports real estate owners across Norway with efficient financing solutions built on solid credit expertise and a conservative approach to risk. Eiendomskreditt’s mission is simple, yet ambitious: Being the piece that solve the entire puzzle. In collaboration with customers and partners, Eiendomskreditt endeavor to create sustainable economic development.

Founded in 1997, Eiendomskreditt has 15 employees and operates with nationwide distribution, with its headquarters located in Bergen. The company is an issuer of covered bonds, rated AAA by S&P Global and Nordic Credit Rating, and manages a loan portfolio of approximately NOK 6.6 billion. For more information about Eiendomskreditt, please visit eiendomskreditt.no

About Mambu

Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu supports over 260 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO and Bank Islam. www.mambu.com For media enquiries, please contact press@mambu.com