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Camunda and OakNorth Collaborate to Revolutionize Digital Banking with Advanced Automation

2024/07/26 16:04 pm | Reading Time: 2:00

Camunda has announced a strategic partnership with OakNorth, a pioneering digital bank dedicated to entrepreneurs, aiming to enhance its cloud-native technology systems by automating labor-intensive manual tasks and optimizing the overall customer experience.

OakNorth is set to integrate Camunda’s state-of-the-art process orchestration platform, which will significantly bolster its cloud-native digital lending systems. This integration is expected to markedly improve time to value for OakNorth’s customers, providing faster and more efficient services. The decision to partner with Camunda was driven by its cutting-edge technical expertise, robust cloud-native capabilities, and the comprehensive support it provided during the investigation and Proof of Concept (PoC) phases of this strategic initiative.

Mike Hancock, Chief Technology Officer at OakNorth, emphasized the importance of this collaboration by saying, "At OakNorth, our primary focus is on delighting our customers, aiding their rapid growth, and realizing their ambitious goals. We understand that automating and orchestrating our processes is crucial for streamlining the overall customer experience. Camunda will be a key partner in this endeavor, enhancing our digital, cloud-native technology, increasing operational efficiency, and accelerating our business growth. This partnership will empower our customers to access the capital they need as quickly as possible, further solidifying our commitment to their success."

Frederic Meier, Vice President of Sales at Camunda, echoed this sentiment, stating, "We’re proud to partner with OakNorth to accelerate its digital transformation efforts, streamline internal processes, and provide a seamless customer experience. Our proven expertise in banking and financial services automation will enable OakNorth to manage even the most complex processes efficiently. By achieving strategic, scaled adoption of process orchestration, OakNorth can future-proof its business and continue to deliver exceptional value to its customers."

Founded by entrepreneurs and launched in September 2015, OakNorth is a digital bank focused on serving and empowering businesses with turnovers between £1m-£100m. These businesses, often underserved or overlooked by traditional banks, will benefit immensely from the enhanced capabilities brought by the Camunda partnership. OakNorth’s mission to support and scale these businesses aligns perfectly with its new technological advancements, ensuring a superior customer experience and accelerated growth opportunities

 

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