Reimagine SME banking: OpenDATA-enabled innovation at Rabobank
summary
Rabobank and Deloitte build an OpenDATA-enabled SME lending product on AWS in 13 weeks, using an event-driven, API-first architecture and a responsible AI risk engine that produces committed offers in <15 minutes. Team size is compact — about 10–15 engineers plus UX, analytics and risk — after 3,500 SME interviews. The prototype runs as a “speedboat” A/B test against legacy systems, involves regulators throughout, and routes bookings into mothership systems once offers are accepted.
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chapters (27)
- 0:00Introduction
- 2:07Can an incumbent bank act like a unicorn
- 3:15A digital solution for SME lending
- 4:26The banking landscape
- 6:56Custom perspective
- 7:57Innovation challenge
- 10:27OpenDATA powered by AWS
- 11:52Presentation
- 12:53About Rabobank
- 14:14What is SMEs
- 15:23What do SMEs want
- 17:14How to innovate
- 19:42Funder
- 22:38Recap
- 23:55What does Rabobank consider itself
- 25:16What kind of buyin or sponsorship did this require
- 27:46What was the hesitancy to make this move
- 29:18What skills and capabilities were required
- 30:50What was very critical
- 32:03Technology is up for it
- 33:55Regulatory perspective
- 36:49Trust factor
- 37:38Skepticism
- 40:42Key learnings
- 43:54Questions
- 50:22Engineering team
- 54:59AWS role
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