FinovateEurope 2019 / Modularbank by Icefire
Presenter Profile:
How they describe themselves: Icefire designs and builds transformative technologies for banks and fintech companies. We simplify and automate complicated processes, replacing tedium with meaningful work fit for humans.
For 16 years we’ve enabled banks to run their business in real-time, leverage new business models and establish competitive advantages.
How they describe their product/innovation: Icefire’s Modularbank is a wonderfully modern API based banking-as-a-service. The platform is built by Icefire using the best patterns and know-how gained over decades of experience in the financial services and banking industry. Modularbank allows you to establish a new banking business or digitally transform an existing one. It’s easy to set-up banking products, test them rapidly and launch in no time. Modularbank has everything you need for efficient and compliant day-to-day operations.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev.: Rivo Uibo, Head of Business, rivo.uibo@icefire.ee, +372 5551 7911
Press: Anna Penne, Communications Manager, anna.penne@icefire.ee, +372 5559 6816
Website: modularbank.co
LinkedIn: linkedin.com/company/modularbank
HQ: Tallinn, Estonia
Founded: September 2002
Product Demoed: Modularbank
Metrics: Self-funded, 110 employees, Revenue for 2018 €10M, Profit for 2018 €2.9M
Relevant awards:
- Banking Tech Awards 2018 – Winner of Best Use of IT in Corporate Banking and shortlisted for Best use of IT in Lending – for building fully digital business customer onboarding and KYC along with floating credit line platform for OP Financial Group
- Banking Tech Awards 2017 – Winner of Best Tech Overhaul for building the world’s most modern microservices based banking system for Bigbank Group
Presenters: Rivo Uibo (Head of Business, Icefire), Ove Kreison (Head of R&D, Icefire)
- Key Executives
Vilve Vene (CEO), Jan Lakspere (CTO), Rivo Uibo (Head of Business), Ove Kreison (Head of R&D)
Key Stats
- Key Board Members
Vilve Vene (CEO), Jan Lakspere (CTO), Rivo Uibo (Head of Business)
- Key Partnerships
Token.io for PSD2 and Open Banking
- Key Customers
Ferratum Group, Volkswagen Financial Services, Arvato Financial Services, Luminor, Bigbank, Estonian Tax and Customs Board, LHV, Pocopay, Swedbank, Skype, TeliaSonera