IT services provider Trifork and Modularbank have entered into an integration partnership to bolster their banking and fintech offerings.

The move comes as the financial institutions seek to further bolster their online presence amid increase in digital banking.

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Modularbank has developed a configurable core banking platform for retail and business banking. The platform features independent modules enabling clients to pick specific capabilities according to their requirements.

As agreed, Trifork will help in developing add-on features for Modularbank’s core banking platform and support subsequent implementation.

Trifork FinTech CCO Peter Rørsgaard said: “Fintech is a core business area in our growth strategy, and the partnership with Modularbank, who have developed a platform allowing both established financial service companies and fintech startups to quickly roll-out tailored digital services, further strengthens our offering within the important and fast-growing fintech segment.”

Modularbank alliance manager Julien Douve said: “Partnering with Trifork, an IT and business services provider with such a significant presence throughout Europe, enables us to better serve our quickly growing customer base.

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“Combining our flexible and lightweight core banking technology with Trifork’s reach and proficiency in building new use cases, we will bring fintech innovation to more and more customers within Europe, letting them unlock the full potential of our core banking platform.”

In March, Modularbank tapped German software company HAWK:AI to add anti-money laundering (AML) capabilities to its core banking suite.