Vilja and Erik Penser Bank successfully launch Deposit in Germany

As of March, Erik Penser Bank is now live with Vilja Deposit in Germany. To fulfil Erik Penser Bank’s needs for euro a decision was made to start taking euro deposits from the general public in Germany.

After evaluating several solutions Erik Penser Bank selected Vilja Platform integrated with the German company Deposit Solutions. The German solution is fully integrated with Erik Penser Bank’s Swedish Vilja platform system thus making administration of the combined German and Swedish solution seamless and automated.

“We are proud of the continued trust from Erik Penser Bank. As we are expanding our presence across Northern Europe, being live in Germany is an important milestone for us” says Fredrik Ulvenholm, CEO at Vilja.

“We are happy to also offer our German customers deposits in euro. After a thorough evaluation we decided to go with Vilja Deposit to get an integrated solution across our markets. The roll-out to the German market was smooth and according to plans” says Fredrik Sträng, Head of Corporate Finance at Erik Penser Bank.

Vilja Deposit solution is a complete end-to-end solution that is designed for self-service and is fully integrated and automated. 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.