Bigbank, a global Estonian-owned bank providing personalized financial products, has selected European payment services firm Nets, to offer issuer processing and digital services, such as virtual cards and mobile payment capabilities.
As noted by its management:
“We’re a new type of bank – a truly specialized one! Bigbank specializes in term deposits and consumer loans and now operates as a group in Estonia, Latvia, Lithuania, Finland and Sweden, while providing cross-border services on the German, Austrian and Dutch markets. Being a specialized bank means that we have the resources to get to know our clients better and address their needs more personally.”
As a licensed and approved credit institution, Bigbank provides financial services to European private and corporate clients with a special focus on loans, corporate loans and term deposits in Estonia, Latvia, Lithuania, Finland, Sweden and Bulgaria.
Additionally, Bigbank offers cross-border deposit services for German markets, as well as in the Netherlands and Austria. This recent partnership should further extend Nets’ presence across Europe.
Nets will aim to support Bigbank’s core offering by providing issuer processing and digital services via its robust modular-based platform. This may include tokenization, which should offer access to Apple Pay and Google Pay, along with instant issuing with virtual cards and digital PIN.
Nets will also offer card personalization, customer services, and fraud and dispute services to Bigbank.
Martin Länts, CEO at Bigbank, stated:
“As a frontrunner in the European payment service industry, Nets will help enable our customers to improve their lives through seamless financial services. The benefits of scale and international reach that Nets provides will be invaluable as we grow our digital services offering across Europe.”
Henrik Anker Jørgensen, CEO of Nets Estonia AS & Head of Baltic region in Nets, remarked:
“We are very much looking forward to providing Bigbank with our modular and flexible processing platform, helping them in their journey to become the digital financial service provider of choice in their European markets.”