19.9.2022 13:00PRESS RELEASE

Fellow Bank and Talenom start cooperation to offer integrated banking services to Talenom's customers

FELLOW BANK PLC PRESS RELEASE 19.9.2022 AT 1:00 PM EEST

Fellow Bank and Talenom have signed a cooperation agreement regarding the offering of banking and financing services to customers that use Talenom’s accounting services. The cooperation makes it possible to apply for and use Fellow Bank's payment transaction accounts, credit cards and financial services directly through the Talenom platform. Together, Talenom and Fellow Bank will create a unique service package that combines financial management services and banking services into one tightly integrated entity.

The cooperation supports Fellow Bank's business goals in banking services for business customers, as well as the bank's strategy to offer banking services in an integrated manner in the channels that customers use to manage their financial affairs.

Esapekka Heikkilä, development manager, Fellow Bank: "The cooperation opens up a completely new way for entrepreneurs to use banking services with superior customer experience. All the functionalities of the net bank are available directly through Talenom's platform, and all banking and financial services are directly integrated into Talenom's financial management systems, thus significantly enhancing companies' financial management processes."

Tuomas Iivanainen, Marketing Director, Talenom: "We want to offer superior accounting and banking services to small and medium-sized companies. This agreement is a significant step in the execution of our strategy, and we are very excited to be able to bring comprehensive banking services through our own platform to the clients.”

Teemu Nyholm, CEO, Fellow Bank: “The Talenom cooperation is a good example of our vision to offer banking and financing services in the channels and moments when customers manage their financial affairs. Our technological know-how enables the implementation of these integrated services in an agile and efficient manner. We believe that the Banking-as-a-Service (BaaS) segment will form a strong basis for the future growth of our bank.”

Through the cooperation Fellow Bank's banking and financing services will be available to all of Talenom's Finnish customers, thus significantly increasing the potential customer base of the bank's business customers. The goal of the companies is to start offering Integrated banking services to Talenom's customers during the first quarter of 2023.

Further information

Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028

Otto-Pekka Huhtala, CEO, Talenom Oyj, otto-pekka.huhtala@talenom.fi, tel. +358 40 7038 554

Fellow Bank in brief

Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com

Talenom in brief

Talenom Plc is an accounting firm established in 1972. Talenom offers a wide range of accounting services as well as other expert and advisory services to support its clients' business. The company has its own software development, and it provides its clients with electronic financing tools.