The fintech company MONU selected Vilja to build their deposit platform, disrupting the Swedish deposit market, with plans to expand internationally.
MONU has successfully launched a completely new offering to the market, allowing banks to distribute their savings accounts products through leading distributors such as wealth managers, pension advisors and property managers. By integrating with the MONU platform, the distributors enable their customers to open and manage third-party deposit products directly from their websites or app.
The unique offering creates a win-win-win. The distributors strengthen their customer relationships, enrich their customer offering and offload surplus liquidity. The customers get an attractive return on their cash savings with minimal risk and the banks can lower their cost of funding and liquidity risk through an effective distribution network.