The FinTecSystems management team with founders Dirk Rudolf (2nd from right) and Stefan Krautkrämer (far right). Photo: FinTecSystems

FinTecSystems cooperates with Santander

FinTecSystems is collaborating with the German subsidiary of the Spanish Banco Santander. The Munich-based startup's solution is designed to minimize consumer loan defaults.

FinTecSystems offers financial and account information that banks use as a basis for decisions regarding online loans and credit checks. Santander Consumer Bank is now using the startup's services. For over two years, DKB subsidiary SKG The Spanish financial institution already cooperates with several fintechs in the field of digital transformation. For example, the Munich-based fintech Scalable Capital for the subsidiary Openbank  developed a white label solution for digital asset management.

“We are very pleased about the cooperation with Santander”

The German subsidiary of the Spanish banking group uses the Accourate product suite, which offers API interfaces for banks in Germany, Austria, Spain, and France. The new services are intended to be used in both online applications and at the point of sale.

"We are very pleased about the cooperation with Santander and the joint steps in digitizing the bank's business model. Digital bank information via online account access is an important factor in risk management for banks, as it allows loan defaults to be efficiently minimized, which is particularly important for so-called consumer loans,"

so Dirk Rudolf, founder and managing director at FinTecSystems.

read more ↓