Case Study: Instabank expands its product portfolio with Banqsoft's digital banking solutions

Instabank Expands Product Suite with Banqsoft

Instabank, a Norwegian digital bank, sought to expand its product portfolio by adding a secured mortgage loan product, supporting its strategic goal of becoming 'formålsbanken'. They partnered with vendor Banqsoft and its Digital Banking Suite to establish this new consumer credit offering.

Banqsoft implemented a comprehensive solution that included the entire setup of the secured loan product with payment plans and mortgage collaterals. This involved system changes to handle the new product, including updates to the online bank, invoices, and documents. The project was completed successfully on time and on budget. The results were an expanded product suite for Instabank and the continuation of a successful partnership with Banqsoft, positioning the bank for future growth and digital transformation.

Instabank

Robert Berg

Chief Executive Officer