Rediem Capital, based in Germany, is a financial services provider offering secure and dependable savings solutions.
The company operates in the non-performing loan (NPL) market, funding its activities through customer deposits and using an automated, data-driven approach.
To support its operations, Rediem has adopted core banking technology from Vilja, a Sweden-based provider of cloud native banking solutions.
Vilja’s platform enables Rediem to configure and launch deposit products efficiently, with the flexibility to integrate with other service providers.
The implementation was completed within six months of signing and went live in both Germany and Sweden.
“Financing through deposits offered to the general public provides a scalable and cost-effective financing alternative. We chose Vilja because they are the market leader, and we value their speed and agility. The benefits of a cloud based delivery model, such as scalability, lower total cost of ownership and improved security, are also key reasons for our decision,”
said Regina Rasmanis, Chief Operating Officer at Rediem.
Fredrik Ulvenholm, Chief Executive Officer at Vilja, said,
“We are pleased to work jointly with Rediem to launch savings accounts in both Germany and Sweden. This will help them scale their business. The project has been successfully delivered on time and on budget, yet another proof that we deliver on our promise.”
Featured image credit: Edited by Fintech News Nordics, based on image by user6702303 via Freepik
