Press release -
Hoist Finance and Vilja are now live in the UK with Deposit
As of July 12th, the leading financial services provider Hoist Finance is live with Vilja Deposit in the UK and extends its offering to include deposit in British pounds to the general public.
With Vilja Deposit, Hoist Finance adds an extra currency in their funding strategy, now also taking deposits in GBP. Vilja Deposit aggregates Hoist's internal administration and ensures correct reconciliation. In addition, the solution compiles all reporting to the relevant supervisory authorities to stay compliant.
“We are happy to expand our funding options, now taking deposits in GBP. The big advantage of using Vilja is that we can build scale on our existing platform. The cooperation with Vilja has been successful and the roll-out to the UK market went according to plans” says Carl-Fabian Pellnor, Head of HoistSpar and Business Development at Hoist Finance.
“We are proud of the continued trust to grow together with Hoist Finance. To be live in the UK is an important milestone, as we continue our expansion across Northern Europe.” continues Fredrik Ulvenholm, CEO at Vilja.
Vilja Deposit enables you to offer unique products to customers, everything from term deposits to overnight accounts. It includes pre-integrated and dynamic onboarding that automatically collects KYC information, validates new customers, and screens for fraud or compliance issues, as well as flexible interest definitions and loyalty features. Automated payment booking and system-generated messaging let you control your deposit business by merely adjusting your product definitions to suit your capital needs.
For more information, please contact:
Fredrik Ulvenholm, CEO at Vilja, fredrik.ulvenholm@viljasolutions.com, +46 708-725128
Carl-Fabian Pellnor, Head of HoistSpar and Business Development at Hoist Finance, carl-fabian.pellnor@hoistfinance.com
About Hoist Finance
Hoist Finance is a leading Pan-European financial services provider specialising in the purchasing and management of non-performing and performing loan. We are a solutions-oriented partner for both our clients and customers. We work in partnership and offer personalised and customised solutions. Hoist Finance AB (publ), is licensed and regulated by the Swedish Financial Supervisory Authority. More information at hoistfinance.com
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Vilja is a leading provider of cloud-native core banking platforms. The banking platform covers the entire lifecycle of lending and savings operations in one system, and ensures compliance, automates internal flows and offers a high level of customer service. It has the shortest time-to-market for launching new products and services. This enables banks and credit institutions to quickly and easily launch new revenue streams while focusing on creating the best banking experience for their customers.
