Dreams partners with BNP Paribas’ subsidiary UKRSIBBANK

By Megha Bhattacharya

Swedish FinTech Dreams has announced a partnership with Ukrainian commercial bank UKRSIBBANK, a subsidiary of French international bank BNP Paribas Group. The announcement marks an expansion of the company’s business model as it consolidates its B2B offering and evolves its services as a provider of white label solutions for financial institutions.

Henrik Rosvall, CEO and founder of Dreams, commented, “Dreams and UKRSIBBANK can now lead the charge, with BNP Paribas Group’s corporate strategy having shifted in recent years to focus on guiding customers towards responsible consumption and sustainable personal finance management.”

“Our financial wellbeing platform – which is built upon behavioural science and personal finance management principles – will provide the perfect tool for UKRSIBBANK to help its customers make better financial choices and become more sustainable in the way they handle their finances. This partnership will also help UKRSIBBANK safeguard the loyalty of its customers and futureproof its digital banking offering against a growing number of challenger banks and fintechs.”

The Dreams Platform will be included as part of UKRSIBBANK’s digital banking offering for its 2 million+ customers, and grant potential consumers across Ukraine access to products which will help keep their finances on track and improve their financial lives.

The announcement follows Dreams’ first enterprise partnership with banking software provider Silverlake Symmetri and the recent unveiling of a new department in Stockholm dedicated to the development of Dreams’ B2B partnerships.

Konstantin Lezhnin, Head of Retail at UKRSIBBANK BNP Paribas Group, commented,  “UKRSIBBANK has always applied innovative ways to assist our customers in financial planning, so we are very happy to now be working with Dreams, the best European player in behavioural savings. They have an extremely solid track record in Sweden and Norway based on scientific research, so we are confident that this partnership will work positively for our customers in Ukraine. This also demonstrates our strategy to cooperate with startups and innovative companies that seek ways to expand their operations.”