PRESS RELEASE
Innovation Norway selects Knowit and Mambu to modernise its core banking technology
Amsterdam, Netherlands 25 June 2025
Innovation Norway has selected Knowit and Mambu to modernise its core banking platform, marking a significant milestone in the digital transformation of public financial services. The new solution, powered by Mambu’s cloud-native technology and seamlessly integrated into the Norwegian financial systems by Knowit, will optimise Innovation Norway’s loan, grant, and guarantee functions, enabling greater efficiency and scalability for the organisation and the businesses it supports.
As Norway’s government-owned national development bank, Innovation Norway plays a pivotal role in supporting innovation and business development across all counties in the country. To support the needs of its customers, Innovation Norway requires a replacement for its legacy banking solution, which currently handles critical functions related to loans, grants, and guarantees, including loan origination, product configuration and setup, funding management, credit processes, and case management.
“Many established institutions are locked into legacy environments making it incredibly challenging to adapt to new consumer and market demands. We are excited to partner with Knowit to deliver a modern, cloud-based banking solution to Innovation Norway.
Our platform offers the flexibility and scalability needed to future-proof Innovation Norway’s operations, while driving innovation in key areas like loans, grants, and guarantees. This collaboration is an important step towards empowering Norwegian businesses for the future.”
Jorno Levels
Commercial Lead Nordics & Baltics
Mambu
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