How Swedbank reinvented the relationship with their SME's

by implementing Cash Flow management into their online bank

Swedbank is Sweden's largest bank for Small Businesses

Available for Swedbank and Sparbankerna (Swedish Savings Banks)

Available to over 400 000 corporate customers

Swedbank

Industry

Banking

Use case

Business Finance Manager & Cash Flow Management Tool

Brief

Challenge

Managing and understanding cash flow for Small Business are complex

Solution

Bringing Cash Flow management close to small business daily banking

Outcome

White labelled Cash Flow management tool launched in online bank

The need to be able to manage the company's finances digitally is in demand by more and more people, not least among the smaller companies.

Företagskollen makes it easy for small businesses to get an overview of the cash flow in their company. The tool retrieves data from the customer's corporate account in the internet bank and creates forecasts of their future cash flow.

The purpose is to be a complement to smaller companies and give them a simple and visual forecast of their company's cash flow.

Företagskollen retrieves transactions and account balances from the bank accounts of the smaller companies. Thereafter, the transactions are analyzed, categorized and future transactions are forecasted which results in visualization with clear graphs of their future cash flow.

Quotes

The collaboration with Asteria helps us to increase customer value. We are levelling up our collaboration together with an innovation partner in the digital forefront. With Asteria's technical solutions and our customer base, we will make a big difference at high speed for many customers.

Lotta Lovén - CIO and Head of Digital Banking & IT at Swedbank

Video in Swedish

Features

Small business customers can connect their company to the service under 'Företagskollen' in the new version of their internet bank

Fast credits

Tailored made banking services at the right time. Take instant action on potential overdraft needs or currency risks.

Marketing campaign

Swedbank did a marketing campaign where they highlight Företagskollen as a new digital service in the internet bank and launch it widely for all corporate customers. Static and interactive material was shown on all major news publications, YouTube and social media.

Learn more

Read more about our partnership on Swedbank

Contact us

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