Modularbank plans global expansion with newly appointed Head of Alliances and Partnerships

By Gaia Lamperti

Modularbank, a cloud-native core banking technology provider, is planning to further strengthen its customer base in the UK, Nordics and Continental Europe and increase commercial breadth in new markets, such as Latin America, as part of its wider expansion strategy.

The Estonia-based platform, which secured a €4 million round of late Seed Funding in December last year, helps both regulated banks and other businesses to rapidly roll out new financial services to meet customers’ increasing demand. Using an API-first approach, Modularbank seamlessly integrates its modular core banking technology into pre-existing infrastructures across several industry sectors, from financial services to telemedicine, retail and construction.

The company has announced today the hire of a dedicated Head of Alliances and Partnerships who will focus on sourcing the right partners to create a global ecosystem. Julien Douve, who has worked at a range of large technology and fintech companies including SAP, Oracle and Mambu, has been appointed for the role.

Douve will aim to build a global alliance network made up of four key types of partners: technology vendors, system integrators, business advisories and consultants. Working with such partners will give the company the opportunity to reach and support an increasingly wide range of customers and use cases. “I am very pleased to be driving the company’s indirect sales strategy,” Douve commented. “As experts in their fields, partnering with integrators, resellers and fintech consultants will enable Modularbank to reach both larger financial institutions and more niche customers.”

Regarding Julien Douve’s new role, Rivo Uibo, Chief Business Officer at Modularbank, said: “The banking and financial services sector is evolving rapidly. Julien has a clear understanding of the shifts taking place in the sector and the needs of both banks and non-banks as they seek to optimise these changing market needs. I am confident he will be a huge asset to the company and ensure we recruit the right partners who are aligned with our philosophy and able to replicate the same dedication to the specific needs of each customer.”

The expansion program will build on recent agreements with several partners across Europe made over the last 12 months. These include last year’s strategic partnership with Nets, one of the top payment processors in the region, which allowed Modularbank to add card issuing and processing solutions to its product suite, enhancing the value of its card product portfolio.

Last month, the core banking platform entered an integration partnership with Trifork too, a next-generation IT services provider, strengthening both companies’ banking and fintech offerings. Modularbank also recently integrated HAWK:AI, a German-founded money-laundering detection and investigation platform, into its core banking suite to address multiple compliance and crime detection use cases.