Borgo, the fast-growing Swedish mortgage company, has joined forces with Avanza Sparkonto+ to launch a new deposit channel, aimed at expanding their reach and enhancing customer convenience.
This strategic partnership, facilitated by Vilja and its cutting-edge cloud-native core banking platform, enables Borgo to offer secure and efficient deposit options while streamlining crucial operational processes.
In their mission to establish themselves as a leading challenger within the mortgage industry, Borgo understands the importance of diversifying their offerings. By collaborating with like-minded companies and individuals, they can leverage expertise and resources to provide comprehensive solutions that meet the evolving needs of their customers. The partnership with Avanza Sparkonto+ represents a significant step towards this objective.
Adam Lewenhaupt, Chief Commercial Officer at Borgo, emphasizes the significance of deposit expansion in their pursuit of becoming a prominent player in the mortgage sector. “Expanding our volumes in deposits is very important on our mission to become a leading challenger within mortgages. We collaborate with like-minded companies and individuals, and Vilja has been an outstanding partner,” Lewenhaupt states.
Enabling innovation
Vilja, the leading cloud-native core banking platform vendor in the Nordics, has been instrumental in supporting Borgo’s growth journey. With their comprehensive range of capabilities, including reconciliation, regulatory reporting, and anti-money laundering (AML) support, Vilja ensures a seamless and compliant banking experience for Borgo and its customers.
“We are proud of the continued trust and thrilled to be part of Borgo’s exciting growth journey,” expresses Fredrik Ulvenholm, CEO at Vilja. The collaboration between Vilja and Borgo showcases Vilja’s commitment to enabling financial institutions to leverage innovative technology and launch new revenue streams swiftly while prioritizing exceptional customer experiences.
Vilja’s cloud-native banking platform is renowned for its end-to-end coverage of lending and savings operations within a single system. This empowers banks and credit institutions to accelerate their time-to-market for new products and services. By minimizing complexity and streamlining processes, Vilja’s platform enables financial organizations to focus on delivering unparalleled banking experiences tailored to their customers’ needs.
About Vilja:
Vilja is the leading cloud-native core banking platform vendor in the Nordics. Their innovative banking platform covers the entire lifecycle of lending and savings operations, allowing financial institutions to launch new products and services rapidly. By enabling banks and credit institutions to focus on delivering exceptional banking experiences, Vilja empowers them to create new revenue streams and establish a competitive edge.
About Borgo:
Borgo is a fast-growing Swedish mortgage company committed to providing innovative and customer-centric solutions. By partnering with industry leaders and leveraging advanced technology, Borgo aims to disrupt the mortgage market and challenge conventional banking norms. Their collaboration with Avanza Sparkonto+ and Vilja represents a crucial step in their mission to offer comprehensive and convenient financial services to their customers.
