thinkmoney Powers Ambitious Digital Banking Transformation with Low-Code Leader OutSystems

London – fifth December, 2018 – thinkmoney is the usage of the OutSystems low-code platform to ship its strategic program for electronic transformation and expansion, with the purpose of bringing utility building totally in-house and attaining a six-fold productiveness build up in comparison to conventional coding.

thinkmoney is the leading edge present account that provides consumers budgeting and cash control training and OutSystems supplies the #1 platform for low-code fast utility building. Adopting the OutSystems platform as its electronic manufacturing unit to enhance the transformation initiative, will allow the trade to ship new programs and product options as much as six occasions quicker than a conventional coding course.

thinkmoney operates in a extremely aggressive, evolving monetary marketplace phase whose consumers worth assist with budgeting and rely on speedy, cellular get admission to to banking products and services. thinkmoney consumers depend on its present account as a hub to regulate all their funds, permitting them general visibility of expenses and bills to grasp precisely what they have got to be had to spend. Because of this buyer revel in should be seamless, with assured get admission to and intuitive self-service interfaces that assist consumers arrange their cash correctly so they are able to give a boost to their credit score ranking and toughen their monetary neatly being.

thinkmoney is embarking on a big digital-first program of transformation that may build up competitiveness and relevance to its consumers. This program will allow thinkmoney to transform a marketplace chief within the electronic banking sector, by means of providing a continuing buyer revel in, round the clock get admission to, and extra options to assist consumers stay their funds in just right form.

The OutSystems low-code platform will play a central function in handing over this by means of eliminating the load of technical issues and giving thinkmoney complete keep watch over over the applying building procedure, in what they name their “Low-Code Virtual Manufacturing facility.” The manner will let them innovate quicker, carry new options to marketplace with pace, and create remarkable electronic reviews trips throughout all cellular units.

thinkmoney will leverage the OutSystems platform to:

  • Construct in complicated safety products and services akin to biometric authentication
  • Streamline the account utility procedure so consumers can open a present account in mins
  • Broaden an outstanding cellular revel in that is helping consumers simply arrange their cash via their most popular instrument
  • Make certain that new applied sciences will also be simply built-in with present programs
  • Combine with open banking and the broader monetary ecosystem to increase the menu of products and services introduced

Michael Aldred, managing director of thinkmoney, explains their resolution to transport to an in-house low-code platform: “We’re dedicated to changing into an absolutely digital-first organisation that provides our consumers related products and services to assist them arrange cash higher and provides them peace of thoughts. To succeed in this, we had to considerably build up our tempo of innovation, so we had been searching for a spouse who may assist us pressure transformation. OutSystems lets in us to take complete keep watch over of our utility building and ship new merchandise and lines a lot quicker than lets up to now and with out an enormous military of builders. We see OutSystems as a strategic spouse that can be crucial to our bold expansion plans and luck over the following 5 to 10 years.”

Running with OutSystems will allow thinkmoney to streamline its building procedure, cut back prices, and ship merchandise in a shorter period of time. Nick Pike, Regional Vice President, UKI at OutSystems stated, “thinkmoney must carry IT and trade gadgets nearer in combination in order that they are able to innovate on the tempo this dynamic marketplace calls for. Ready six months for a characteristic replace after which discovering it doesn’t hit the mark isn’t applicable within the electronic age. The usage of OutSystems, thinkmoney anticipates it’s going to ship programs as much as six occasions quicker than via conventional coding. thinkmoney is futureproofing its era technique by means of choosing low-code and we’re taking a look ahead to rising and growing with them all through the thrilling occasions forward.”

About thinkmoney
thinkmoney supplies hassle-free electronic banking to someone who wants or needs an alternative choice to the top side road banks. Since 2001 it’s been serving to consumers keep on most sensible in their funds with the thinkmoney Present Account – a present account which mixes the ease of on-line and app based totally banking with a singular budgeting carrier.

The account routinely splits consumers’ cash into two separate pots – one for expenses and one for spending cash – empowering them to pay all their expenses on time and stay their funds in just right form. Yearly for the previous 8 years, the thinkmoney Present Account has been awarded a 4 famous person Fairbanking Mark to recognise that it’s just right for patrons’ monetary wellbeing.

Designed to take the tension out of budgeting, the thinkmoney Present Account offers consumers round the clock banking, easy-to-use on-line products and services, and the assurance that their expenses are looked after each and every month.

About OutSystems
Hundreds of shoppers international consider OutSystems, the #1 low-code platform for fast utility building. Engineers with an obsessive consideration to element crafted each and every facet of the OutSystems platform to assist organisations construct enterprise-grade apps and turn into their trade quicker. OutSystems is the one answer that mixes the ability of low-code building with complicated cellular features, enabling visible building of complete programs that simply combine with present programs. Consult with us at www.outsystems.com, or observe us on Twitter @OutSystems or LinkedIn at https://www.linkedin.com/corporate/outsystems.


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