Case Study: Ferratum Group achieves lightning-fast mobile banking and five-minute account openings with Finastra Fusion Essence

Ferratum Group Offers Mobile Banking Services at Ground-Breaking Speed

Ferratum Group, a digital-only bank operating in 23 countries and serving over 3 million customers, needed a fast, frictionless mobile and online banking experience so customers could open accounts and get loans in real time. To meet this challenge it partnered with Finastra, selecting Fusion Essence and Fusion Digital Channels as the foundation for its mobile-first banking services.

Finastra implemented Fusion Essence and Fusion Digital Channels as Ferratum’s core banking and digital-channel stack, enabling a simple self-service mobile app with tightly integrated back‑end processing. The result: customers can open accounts (including up to three multi‑currency accounts and debit cards) in about five minutes and receive loan approvals and disbursements within minutes using automated checks on 200+ data points — delivering 24/7 on‑the‑go banking, higher engagement and the ability to attract more customers as Ferratum grows.

Ferratum Group

Caj Sjöman

Head of Mobile Banking