LONDON, 2 September 2021 – ieDigital has successfully delivered an enhanced financial crime solution for Leicester-based Cambridge & Counties Bank, one of the UK’s leading niche banks for SMEs and professional property investors. The new solution, developed in tandem with the bank, represents the next step in Cambridge & Counties Bank’s digital transformation programme and is a key element of its dedicated approach to managing risk.
ieDigital’s solution, developed using the OutSystems low-code platform, will enable a more robust monitoring of Cambridge & Counties Bank’s existing customer base. It will allow the bank to leverage integrations it already has in place across its financial crime systems, as well as provide end users with a simple onboarding journey.
In turn, the implementation, together with the ieDigital partnership, will have an effect on the internal development of future applications. ieDigital provided support and training in this area, so Cambridge & Counties Bank can further reduce costs, complexity, and time to market by improving its in-house development capabilities.
Jerry Young, CEO of ieDigital, said: “This has been an exciting project to work on. Not only did we deliver a modern, low-code solution via OutSystems for financial crime onboarding and monitoring, we built on a relationship we really enjoy with Cambridge & Counties Bank. They partnered with us on a transformation journey that has taken in online servicing and applications. This is another step change on that journey, and we’re looking forward to continuing our productive partnership.”
Phil Baker, Director of IT & BI at Cambridge & Counties Bank, said: “When we were looking for a partner, it became clear that ieDigital would provide the strength of knowledge in the financial services arena, and the power of technology that came with using a low-code platform. Not only have we collectively implemented a fantastic financial crime solution, we’ve up-skilled internally, which will enable us to hasten our digital transformation with in-house development capabilities.”
ieDigital is a solution provider for financial institutions and other financial services providers. We are a team of experts in banking software technology and customer experience. At the very core of our company is a passion and belief in the power and potential of technology, and we’ve been applying technology to solve business problems since 1986. ieDigital is owned by Parabellum Investments, a privately owned global investment firm founded and led by Rami Cassis, Chief Executive.
About Cambridge & Counties Bank
Cambridge & Counties Bank is a niche bank that is helping businesses grow by providing business savings accounts and finance solutions.