Holm Bank partners with Union to create a digital platform and expand in consumer and SME markets
Tallinn, Estonia – 27.05.2019: Union FinTech is pleased to announce that Holm Bank is operational with its digital finance solution Union | platform to manage deposit and lending transactions in Consumer and SME markets.
The solution includes real-time client records, transaction management, process configuration, a document repository and digital signing using a range of electronic ID applications. Bank management and the regulator receive daily reports including client activity and financial statements.
The selection of Union | platform was instrumental in Holm Bank securing their banking license and will allow them to expand in the Estonian market.
Holm Bank was able to customise Union’s solution to their exact business requirement. Union supported the transaction with data migration and training support to help Holm Bank become operational and satisfy regulatory requirements in just seven weeks.
CEO Peeter Klanberg commented “We are delighted to be live with Holm Bank and look forward to supporting their growth in coming years. We see strong demand for family and client owned financial institutions and that Union | platform allows them to be innovative and efficient while maintaining the personal touch clients require.
Peeter Klanberg, CEO
About Union: Union Financial Technologies is an innovative FinTech powering the digital transformation of financial services. Launched in 2012 Union and its digital agency, Okia, have developed a range of solutions which can be used standalone or integrated as a full digital core. Cutting-edge technology, domain expertise and a flexible approach have benefited numerous clients in the banking, credit union, consumer lending, insurance, FX broker and fintech segments.
About Holm: Holm Bank AS is a family owned bank providing hire purchase, lending, credit card and deposit solutions to consumer and corporate clients. Established in Haapsalu, Estonia in 1996 under the Liisi brand, the business expanded to over 35,000 clients today. In 2019 Holm Bank became a fully-fledged bank on receipt of regulatory approval as a credit institution.
For more information, visit https://www.holmbank.ee