Trifork, a next-generation IT services provider, and Modularbank, a cloud-native core banking technology provider, have entered into an integration partnership, strengthening both companies’ banking and fintech offerings.
As banking continues the transformation from branches on street corners to digital services, the importance for the financial industry to develop and offer innovative and easy-to-use digital solutions has increased.
Modularbank has built a highly configurable core banking platform featuring a comprehensive set of retail and business banking capabilities. We help financial innovators to rapidly develop, test and roll out new products and experiences, all of which starts from the core. Trifork will leverage its vast experience in building innovative fintech solutions to develop add-on features to Modularbank’s core banking platform and support customers within the financial services industry throughout the implementation process.
Announcing the news, Peter Rørsgaard, COO, Trifork FinTech, states: “Fintech is a core business area in our growth strategy, and the partnership with Modularbank, who has developed a platform allowing both established financial service companies and fintech startups to quickly roll out tailored digital services, further strengthens our offering within the important and fast-growing fintech segment.”
Modularbank's platform consists of independent modules, allowing customers to pick and choose the exact capabilities they need in order to meet their business objectives. Its API-first approach facilitates easy integration with other services and systems, enabling the roll-out of new product offerings in a flexible, fast and cost-efficient manner when compared to legacy banking platforms.
Julien Douve, Alliance Manager, Modularbank said: “Partnering with Trifork, an IT and business services provider with such a significant presence throughout Europe, enables us to better serve our quickly growing customer base. Combining our flexible and lightweight core banking technology with Trifork's reach and proficiency in building new use cases, we will bring fintech innovation to more and more customers within Europe, letting them unlock the full potential of our core banking platform.”
Prior to entering into this integration partnership, Trifork and Modularbank were already working together on several customer cases.