ABN AMRO launches mobile wealth management app
ABN AMRO is now offering a 100% mobile wealth management app called Kendu, powered by Sopra Banking Software, reports Jane Connolly.
Sopra’s Direct Banking on SaaS software manages Kendu’s core banking, enabling users to arrange their investments in order to achieve their life goals.
App users can input financial ambitions, such as providing for early retirement or buying a holiday home, and the app will determine the risk profile. Kendu will give an automatic overview of suggested investments to meet these goals, choose funds and proactively manage the investments.
“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, 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.”
Sopra Banking Software had a pro forma turnover of €373.7 million last year and is a long-term partner of over 800 banks in more than 70 countries.
