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ABN AMRO and Sopra Banking Brings Forth Kendu Mobile Appban
The consumer-friendly mobile banking app will allow the automatic review of investment, focusing on meeting life goals.
FREMONT, CA: ABN AMRO in merge with Sopra Banking Software has launched a mobile wealth management app called KENDU. Sopra’s Direct Banking on SaaS software enables the management of KENDU’s core banking platform. Kendu app will be available for Android later this year.
Kendu is an innovative app, which provides the users to input their financial ambitions, such as, early retirement, children’s education, or holiday home. Kendu works in a way by giving an automatic overview of funds and investment needed to meet the life goals, choosing a 100 percent customer experience. The Kendu app also determines the risk profile. Kendu is available for both clients and people who do not bank with ABN AMRO.
“We are pleased that Sopra Banking Software has helped us deliver our new offering to the market with its "Direct Banking on SaaS,” says Omar el Khamlichi from ABN AMRO.
“Sopra Banking provides a banking solution on SaaS that can integrate into our digital offering and has demonstrated its commitment to make our ambitions a reality," Khamlichi added.
Kendu provides an overview of periodically required investment to achieve objectives, proactive management, and assists in the selection of funds.
“Sopra Banking Software is delighted to collaborate and support ABN AMRO through its digital transformation process with Direct Banking on SaaS solution. This is a 100 percent digital offering in the field of online wealth management that provides an exceptional customer experience,” mentioned Duco De Lnge, Country Manager of Netherlands of Sopra Banking Software.
Sopra Banking Software is a European leading global banking software vendor and a major digital banking platform; it had a pro forma of €373.7 million ($ 419.12 million approximately) last year. Sopra Banking Platform also has a long-term partnership with around 800 banks in more than 70 plus countries.