Vilja has deepened its relationship with Hoist Finance. It has added a multi-country set-up that includes deposit services in Euros for the Netherlands and Germany. Vilja, a Nordics-based banking solution, already provides a sterling-based deposit service to Hoist Finance in the UK. In November, Hoist added deposit services in Poland. It has now extended that with a deposit solution for the Dutch market.
The savings offer, supported by Vilja in the Netherlands, has seen the extension of a new service which already has over 90,000 retail deposit customers in Sweden, Germany, Poland and the UK.
Hoist Finance is an asset manager specialising in non-performing loans (NPLs) with operations in nine European countries. It purchases portfolios and then sets up sustainable repayment plans. Vilja helps it achieve this by supporting local currency deposits.
Harry Vranjes, CEO of Hoist Finance, commented, “The launch of our retail deposit offering in the Netherlands is one more step on our journey towards becoming the leading asset manager of non-performing loans in Europe. It is also an important step in the development of the HoistSpar product, and I’m proud that we can offer savings accounts at attractive conditions to retail customers in the Netherlands, starting today.”
Vilja Supports Hoist Finance Expansion
The Vilja solution supports Hoist Finance with its funding strategy. Vilja Deposit aggregates Hoist’s internal administration and ensures correct reconciliation. The solution also provides Hoist with the reporting it requires for submittal to regulatory authorities.
Max Ehrengren, Head of Treasury at Hoist Finance, commented, “Offering saving accounts in the Netherlands is yet another step to diversify our financing structure and expand our European deposit base. Vilja Platform supports us to leverage a seamless and automated solution and thereby achieving improved scalability and operational efficiency.”
Fredrik Ulvenholm, CEO at Vilja, said, “We are proud to continue supporting Hoist Finance exciting growth journey, one of Europe’s leading debts restructuring and financial services company. Implementing multi-country support in our platform is essential for internationalization. It enhances user experience, facilitates administration and demonstrates our commitment to global expansion continues.”
Enterprise Times: What does this mean
Vilja continues to grow stronger in the banking fintech sector. Forrester recognised it as a New School vendor in its Now Tech: Digital Banking Processing Platforms (Retail Banking), Q1 2022 report. Its customers include BNP Paribas, Hoist Finance and Lantmännen Finans. The most recent announcements show its support for extending the capabilities and services of customers into new regions. This international expansion was further supported in the recent Release.
