Siili Banking expertise

Over two decades of experience with the leading Nordic banks 

Online and mobile banking

Working in partnership with our client, we were able to build and maintain a mobile banking application that offered a variety of features including money transfer, splitting expenses, and paying by phone online. At its peak, the application had more than 1.2 million users.

Saving and deposits

Together with a Nordic investment bank that provides crowdfunding and peer-to-peer lending platform, we were able to help both personal and business customers with customer-focused, effortless, and responsible fixed-term deposit solutions to enhance their day-to-day finance offerings.

Investment and asset management

We helped a Nordic fund management company, focusing on institutional investors, to renew their digital services, including conceptualizing, implementing, and gradually publishing renewed digital services. Including a new interface, online banking, and enterprise asset management.

Cloud technology

After a successful POC, we began migrating databases to the AWS cloud. The project started with piece-by-piece frontend migration before gradually moving the system to the cloud. Before the migration, there was extensive work with the bank’s business, strategy, operations, and legal departments to ensure regulatory and compliance requirements.

Cash and liquidity management

We built Finland’s leading corporate hub for smooth cash and liquidity management, plus financial monitoring for companies of all sizes. With this service, it's easy to transfer funds between your company’s accounts and make payments in the Single Euro Payments Area (SEPA).

Credit and financing

We built an online service for business loans where corporate customers can manage credits and limits in one place. In addition, you can make credit withdrawal and renewal orders from the limit, view detailed information about credits and limits and pull necessary reports that support financial planning.

Trends in financial services

Digital transformation

Banks invest in digital technologies to improve the customer experience, reduce costs, and increase efficiency. This includes online banking, mobile banking, and digital payments.

Offshore vs. nearshore

Nearshore banking operations improve communication, cut costs, and boost efficiency to enable banks to better respond to changing customer demands and market conditions. Depending on the complexity of tasks nearshore or onshore resourcing should all be considered.

The quest for talent

Banks face fierce competition in attracting and retaining talent due to technological advancement, evolving skills, labor market competition, and an aging workforce.

Central Bank Digital Currency

CBDCs are a key trend in banking with the potential to revolutionize payment systems and spur innovation. Banks must remain informed and adaptable as technology and regulatory frameworks evolve.

Regulatory changes

Regulatory changes have a significant impact on the heavily regulated financial services industry. For instance, open banking regulations promote competition and innovation in the sector.

Environment, Social and Governance

ESG considerations are gaining significance for banks and their clients. Banks are creating ESG-focused offerings, integrating ESG criteria into their lending and investment choices.