Sweep Bank, part of the major Nordic micro-lending player Multitude, decided to launch a cross-European mobile bank to capitalise on the rising demand for seamless mobile banking experiences. Our team is proud to have supported their journey to become a full-fledged digital bank.
In 2015, the Multitude group decided to launch an entirely new business line by acquiring a banking licence and launching a cross-European mobile bank to capitalise on the rising demand for seamless mobile banking experiences.
The challenger bank swiftly launched in 2016, gaining tens of thousands of new customers from across half a dozen countries where it was available. Our team is proud to have supported this journey all the way.
In just nine months, we re-platformed Sweep Bank, leveraging Tuum’s core banking solution. The transformation included a complete redesign and redevelopment of the mobile banking experience, the implementation of a unified orchestration layer, and the development of nine microservices for deposit management, push notifications, customer communications, device management, and more.
Sweep’s mobile banking offering is centred around one core promise: you can get a new bank account in minutes that is ready to use across the world.
There is a short and seamless onboarding experience as the background check is quickly completed and you are ready to use your bank account instantly with your debit card on its way via the post.
But Sweep Bank is about much more than just a quick-to-set-up of a current account:
the service offers multi-currency accounts, no foreign exchange rates, free ATM withdrawals, SMS payments and savings functionality.
The latter is quite interesting as the Bank offers a large variety of saving options with goal savings functionality and the so-called Boosters, an automated micro-savings product among them.
Innovative saving products are just one of many product features - as a completely new customer, it is possible to apply for an overdraft within minutes, giving you financial flexibility when you need it.
To ensure all customers across the globe enjoy the same seamless digital banking experience, localisation was carried out using our partner's tool, Lokalise.
Within 6 months, we helped to design and develop a completely new experience that is gradually being rolled out to customers. And the changes are not only happening on the surface: the bank moved to a new core banking and a state-of-the-art, microservices-based middleware to power a high-performing, seamless new mobile experience.
In this transition, our client built on our knowledge acquired by building three different mobile banks over the years.
Our technical expertise guided them while transitioning to microservices, which we gained while helping dozens of our clients across multiple industries tackle the same changes.
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