Defence Community Capital (DECC) is a military fintech company that helps banks and credit unions build tailored solutions for military customers in Europe. 

DECC surveyed 100 defence sector civilians, military personnel, spouses, contractors, and veterans living in Europe. The surveys revealed key military banking trends and evolving customer needs that DECC aims to address with its partners. 

One broad trend is the growing use of digital-first banks while stationed in Europe. These solutions offer not just traditional banking services but superior local and cross-border banking, fewer fees, multi-currency savings, and a better mobile user experience than traditional banks in many cases. 

According to the company, the main problem is that most military banking services are not designed for highly mobile defence professionals in Europe. 

While multiple financial institutions currently serve Europe-based defence sector customers, there are gaps and frustrations with their financial services. DECC aims to address these challenges for financial institutions and customers. 

Unlike other digital-first banks, DECC works with financial institutions to deliver tailored services plus lifestyle rewards exclusively for defence sector professionals in Europe and the Indo-Pacific.

Also read: Ukraine | New spokeswoman for Foreign Ministry looks real…but she’s not