Teylor and Sopra Steria combine their strengths to help German banks put their digital strategies to work.
Zurich, 16th September 2021 – The Swiss lending technology provider Teylor and Sopra Steria, a European leader in consulting, digital services, and software publishing, are now innovating digital credit processes together. Sopra Steria supports the strategic implementation of the Teylor Lending-as-a-Service solution at financial institutions. The partnership with Sopra Steria puts Teylor in a position to serve the entire spectrum of the banking market, from smaller local banks to large-scale multinational organizations.
Teylor CEO and Founder Patrick Stäuble says, “The partnership with Sopra Steria widens our scope, as we can now implement large-scale digitization projects at leading banks. Such projects typically require a custom-made fintech solution and the strategic input of experienced consultants. Partnering with Sopra Steria thus adds to our product, and we can contribute to Sopra Steria’s consulting offering. While we will also continue to offer our solution as a standalone product, banking clients that require strategic consulting services can now get it all in the same place.”
Thomas Saalmueller, Client Partner Banking at Sopra Steria Germany, says, “Banks are under pressure to reduce costs and innovate their service offerings. The partnership with Teylor gives us consultants a solution that accomplishes exactly that. We expect digital transformation in the German SME lending market to accelerate significantly over the coming years; that’s why the partnership with Teylor makes perfect sense for Sopra Steria, especially considering the long-term market perspective. ”
The Teylor solution breaks up the SME credit cycle into a set of software modules. Banks can implement these modules alongside their existing systems to automate either part of their lending processes, such as onboarding or risk analysis, or to build entire credit processes from scratch. Several German and international financial institutions have successfully implemented Teylor software modules for different products from business and retail loans to alternative financing solutions like factoring. Teylor and Sopra Steria are already involved in projects with several banking clients.
Teylor is the Swiss technology company that has developed the Teylor Platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products. Teylor can customize its software modules to fit the requirements of any credit provider and credit product. Lenders can pick individual modules to complement and integrate with their existing legacy processes and technologies or develop entirely new digital processes from scratch. Banks throughout Europe use Teylor’s software modules to innovate their lending processes, digitize their products and reduce the cost of lending. SMEs rely on Teylor for fast and convenient access to capital, also through Teylor’s own private debt fund. The Zurich-based company was founded in 2018 by Patrick Stäuble.
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