Sopra Banking Software welcomes Belgian app Cake to its marketplace

By Megha Bhattacharya

Cake and Sopra Banking Software (SBS), announced that Cake for Banks Solution will now be available for SBS European Customers through Marketplace. Belgian banking app, Cake, allows consumers to manage accounts from different banks in an intuitive way through the use of a single bank-independent app. It gives users automated and proactive insights into their income and spending. It also offers users the opportunity to make their bank accounts profitable, through the use of Automatic Cashbacks and Revenue Sharing services. Cake offers a number of features in the Cake banking app, including its Cashback Platform, for integration into existing banking apps.

Davy Kestens, CEO of Cake: “Integrating our turnkey solution requires a relatively limited technical effort for a bank. We relieve them completely, from building and maintaining the cashback platform to closing and managing commercial deals with the providers of discounts and promotions.”

The SBS Marketplace consolidates all offers provided by its FinTech partners. It will enable banks and financial institutions to leverage use cases, combined with the power and richness of Sopra Banking Software’s products. Sopra Banking Software selects FinTechs based on several criteria: the added value for customers, reliability, and the speed at which their services are implemented and integrated into Sopra Banking Platform (SBP) – Digital Banking Suite.

Guillaume Blot, Chief Digital & Innovation Officer – Senior Vice-President at Sopra Banking Software: “SBS welcomes Cake as a new partner on our Marketplace enabling clients to extract the full value of the Cake for Banks unique capabilities via the SBP – Digital Banking Suite.”