Issuer processing powerhouse Enfuce today announces its strategic partnership with Saldo Bank to launch the bank’s first payment card programme, in a groundbreaking collaboration set to accelerate the neobank’s growth journey in the banking sector across the Nordics and the Baltics.
This announcement underscores Enfuce’s commitment to supporting both digital and legacy banks across Europe, including clients such as Kvika Bank, Alisa Bank, Memo Bank, and Indo Bank, in quickly adapting to the ever-changing payment landscape. By providing cutting-edge, scalable, and modular solutions tailored to each client's specific needs, Enfuce empowers banks to reduce implementation costs and focus on business growth and revenue generation.
Through this partnership, Saldo Bank has expanded its operations into payment services, with a new VISA credit card programme. Known for its advanced and real-time onboarding and credit scoring, Saldo Bank has incorporated these innovative features into the new credit card. Saldo Bank's credit decisions are made in real time, allowing for fully automated card issuance.
Enfuce is delivering over 60,000 custom-built open-loop Visa credit and debit cards, physical and virtual, and tokenised, offering Saldo Bank’s growing Finnish customer base a new streamlined way to use credit directly on card payments. These new cards enable Saldo Bank’s customers, including those using revolving credit and new applicants needing a credit line, to easily manage their finances in one place, eliminating the need for fund transfers between institutions.
Since the market launch in July, Saldo Bank and Enfuce have consistently introduced new features to ensure Saldo Bank’s customers enjoy the most advanced, flexible, and seamless payment experience available. Most recently, in August, Saldo Bank announced its first partnership-powered card with the Finnish ice hockey club Jokerit, which offers sport fans access to a tailored benefit programme.
As Enfuce continues to expand its presence across Europe, this partnership not only reinforces its commitment to solidifying its footprint in the Nordic region but also to empowering Nordic companies to grow and reach their full potential.
Monika Liikamaa, Co-founder & Co-CEO of Enfuce, says:“Saldo Bank has been at the forefront of banking innovation in our region, and we are thrilled to join forces with them to launch customised, scalable, and groundbreaking payment card solutions. The new cards will dramatically enhance the credit access experience for Saldo Bank's customers, strengthening its commitment to innovative and responsible lending practices, and boosting customer acquisition and engagement.”
Denise Johansson, Co-Founder & Co-CEO of Enfuce, says:"Our partnership with Saldo Bank underscores our joint commitment to spearhead innovation in banking and create cutting-edge, user-friendly and efficient solutions for our customers. While at Enfuce we are accelerating our international expansion beyond the Nordic region, we’re excited to be joining forces with a fellow Nordic company and helping them bring their innovation and ambition to life.”
Jarkko Mäensivu, CEO of Saldo Bank comments:“Launching a credit card programme and bringing payment services into Saldo Bank's offering supports our growth strategy by expanding the product range and serving an ever-wider customer base. We chose Enfuce as our payment partner to enable this strategic step because, as a neobank, it is crucial for us to build on the most recent technologies and establish strategic collaborations with like-minded innovators who have proven experience in co-creating tailored and innovative solutions that can meet our customers' evolving needs. Enfuce's partnership allowed us not only to launch an innovative card programme but also to create a new partnership offering. Additionally, we did not need to invest time and resources in building an in-house solution for processing.”
