Norwegian bank DNB has selected Bergen-headquartered fintech Stacc to power its new digital mortgage platform.
Stacc’s technology is currently being used by more than 280 financial institutions to automate and streamline digital credit and lending processes across mortgages, asset finance, consumer and commercial lending, and more.
The new mortgage platform will be rolled out for customers of DNB and DNB’s digital banking subsidiary, Sbanken.
Stacc says its cloud-native platform will enable “significantly faster loan applications and disbursements” for the bank’s customers.
Commenting on the deal, Geir Nordrik, CEO of Stacc, says: “We see a clear shift across the Nordics: Banks increasingly want to focus on what creates customer value, while our platform handles the technical and regulatory complexity of the mortgage process.”
The partnership comes shortly after DNB announced its plans to migrate its current RBS payment infrastructure to Tietoevry’s PIN platform by 2027.
Source: https://www.fintechfutures.com/
