MONU and Vilja build a game-changer for the deposit market

The fintech company MONU selects Vilja to build their new platform that will disrupt the Swedish deposit market, with the aim to go international.

MONU launches a completely new offering to the market which allows challenger banks to access clients of leading banks and wealth managers. By integrating to the MONU platform, banks and wealth managers enable their customers to open and manage third party deposits products directly from their websites or app.

The unique offering creates a win-win-win story. The banks and wealth managers strengthen their customer relationships and enrich their client offering, the customers get an attractive return on their cash savings and the challenger banks lower their cost of funding and liquidity risk through an effective distribution. To realize this vision MONU has joined forces with Vilja to create the MONU platform. Everything is automated and in real-time, coupled with the highest security and compliance standards.

- This is something unique to the market and we are thrilled to be able to offer this to the community. We believe this is a true game-changer for the deposit market and something that is beneficial and creates value for all parties. By partnering with Vilja we not only get access to the latest technology and the sharpest minds in the industry, but we also secure to build a futureproof and compliant solution meeting the high expectations of our partners says Lars Rutegård, co-founder and CEO at MONU.

- We are very proud to help MONU realize their vision and be part of this exciting journey. Together we can make a positive difference and the potential is huge. Our partnership is another proof that our technology meets the highest expectations of performance, flexibility and speed concludes Fredrik Ulvenholm, CEO at Vilja.

For more information, please contact:

Fredrik Ulvenholm, CEO at Vilja, fredrik.ulvenholm@viljasolutions.com, tel +46 708-725128

Lars Rutegård, Co-founder & CEO at MONU lars@monu.se, tel +46 702-509040

About MONU
MONU is a B2B open banking platform for distribution of fixed income products, enabling both financial and non-financial companies to offer their clients different types of attractive savings products. At the same time MONU offers deposit banks access to clients of leading banks and wealth managers. Read more at monu.se

About Vilja
Vilja is a leading provider of cloud-based core banking platforms. Their future-proof platform 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. More information at viljasolutions.com