Comprehensive system support for consumer and mortgage lending:Magellan
We spent 20 years building systems in the banking sector - and failed.
When it comes to innovation, banks are being outrun by tech giants such as Amazon and Facebook. How can we break this trend? It’s simple: instead of building by ourselves, we build together.
It is our belief that collaboration beats competition, so we have created a consumer lending system with an architecture that gives banks access to the great solutions on the fintech scene. We call it Magellan.
It works too - we can already offer banks functionalities that outshine the tech giants!
We also believe that the tech giants are the biggest threat to the incumbents.
We like Näktergal both because of its technology and because of the collaborative approach you use to bring it to market. Keep up that great work!
- Aitor Almendros Moreno, Santander Innoventures
Our consumer lending system consists of a Core and a Platform. The Core handles the everyday challenges of lending, while the Platform gives you the chance to try and test new tech.
The Platform offers the latest-and-greatest solutions such as fraud detection and pre-collection AI, as well as tools for visual data analysis.Magellan Core & Platform »
Magellan's My pages offer full functionality on mobiles and can be branded to match your profile.
For nearly 20 years we were CEO, CTO, etc. at Nordic banks. With time it became more and more difficult to match our system with increasing regulation.
We decided to build the system we were missing.About Näktergal
Näktergal is one of "Sweden's hottest digital startups" attending Startup-Sweden's acceleratorprogram - a project by Tillväxtverket (The Swedish Agency for Economic and Regional Growth).Published MAY/22nd/17
Näktergal has been chosen to attenMoney20/20 Academy, as one of the 200 of Europe's best FinTech startups.Published APR/26th/17