Saldo Finance picks full Inventi Connector bundle to plug-and-play into wider European market

Saldo Finance will use Inventi’s SEPA CT and SEPA Instant CT Connectors for SEPA payment processing, STI Connector for regulatory reporting to the Lithuanian State Tax Authority and PLAIS Connector to integrate with the Lithuanian Center of Registers. 

Founded in 2006, Saldo Finance provides financial services to consumers and SMEs in Finland, Sweden and Lithuania. In October 2021 Saldo Finance was granted an ECB’s specialized banking license in Lithuania, opening up the possibility of operations in all European Union countries.

Saldo’s unique competitive strength is based on a fully automated lending process with a proprietary scoring system that enables fast and secure, customized loan offers in a responsible way, while taking into account the market characteristics in different countries. 

“Access to payment processing will not only improve Saldo’s existing operations, but mark a new chapter for our introduction of new financial services. Inventi expertise and products help us to keep the momentum for growth and focus our development resources on our unique product portfolio,” says CEO at Saldo Finance Jarkko Mäensivu.

Inventi Connectors were launched to cover the backbone of fintech operations. SEPA Connector provides an effortless SEPA access via CENTROLink platform. STI Connector automates the reporting procedures with the State Tax Inspectorate of Republic of Lithuania. PLAIS Connector automates the handling of account Locking, authorisation holds, amount Transfers (write-offs) and hold cancellation requests.

“SEPA access or regulatory connections have long become a commodity. There is no value for fintechs to devote time and resources to in-house development tasks that do not provide a competitive edge. Saldo Finance presents an ideal case, where the use of plug-and-play products reduce complexity and time-to-market,” says Head of products at Inventi Jonas Nasliunas.

Inventi Connectors are available as subscription-based SaaS products, with Inventi ensuring continuous support and product updates. In the words of Jonas Nasliunas, this approach helps to clearly estimate long-term operational costs.

Saldo Finance is powered by Mambu’s cloud banking platform, where Inventi Connector products are available as ‘off-the-shelf’ plugins. 

“Inventi is a trusted partner, with its payment processing capabilities augmenting the Mambu core. This project with our customer Saldo Finance is an example of the versatility of our cloud banking platform. Built as a composable toolkit, Mambu allows financial service providers to design atop our technology to best fit their needs. We look forward to working together and keeping innovation high for the established consumer lender as it shapes modern financial experiences for its customers in the Nordics,” Serkan Ünal, Head of Partners for Northern & Central Europe at Mambu

About Inventi | www.inventi.io 

Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.

About Saldo Finance | www.saldo.com

UAB Saldo Finance is a fast and responsible loan provider in Finland, Sweden and Lithuania. The company was recently granted a specialized banking license by The European Central Bank (ECB). Saldo’s unique competitive strength is based on a fully automated lending process with a proprietary scoring system that enables fast, secure and personalized loan offers in a responsible way. 

About Mambu | www.mambu.com

Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees​ that support 230 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank.