Belgium-based NewB Bank selected Wolters Kluwer’s OneSumX to support their Asset and Liability Management (ALM).
The cooperative bank successfully raised 35 million euros to obtain a banking license in December 2019.
NewB offers checking accounts, savings accounts, and medium term loans. The initial deposit rate is at least 0% until the end of 2024.
NewB aims to reach 108,000 checking account holders through …