Łukasz Konwicki, Innovation Manager of Santander Bank Polska talks about the commercial partnership with Symmetrical.ai established by the parties as a result of the AccelUp acceleration programme.
Symmetrica.ai platform is a form of a simple employee advance payment, thanks to which they can use the money they earn whenever they need it most. For employers, this is a solution that gives them the opportunity to ensure the financial security of their employees.The mobile application integrated with the payroll system allows your employees to receive part of their salaries at any time, without investing their funds, unnecessary formalities, complicated settlements and additional workload for HR.
This new themed series presents our alumni who have already established commercial partnerships with their technology recipients thanks to the AccelUp acceleration program.
What resources/technology did you come to acceleration with?
Symmetrical.ai brought to Santander sophisticated app, which was a base for the Salary whenever I wantPlatform powered by Symmetrical. The platform allows Employees to access a percentage of their ‘earned’ wages before the payday and transfer their salary directly into their bank account.
What exactly did you test during the acceleration, and what was its final effect?
PoC tested the solution within a small group of Santander employees. The main goal was to check if the Symmetrical technology works and is convenient for our employees. Besides the UX we tested the concept of Salary Cash Advance, which was totally new for the banking market back then.
What added value has the new product brought to Santander's offer?
Symmetrical gave our employees the next important benefit to use especially during challenging COVID times. Moreover we leverage the solution in relationships with our corporate clients.
When did you start your commercial cooperation?
We signed the cooperation agreement with Symmetrical at the end of February 2020.
What are the results so far?
We are still in the phase of testing the solutions, but this time in a much broader group of users – all Santander Bank Polska employees. Moreover we are working on a cooperation model with our corporate clients, which are interested in using Symmetrical solution.
Nextep Technologies website: HERE
The AccelUp programme is implemented with the support of the Polish Agency for Enterprise Development.