Aktia's renews its core banking system

Aktia Bank plc
Stock Exchange Release
7.11.2013 at 12 noon

Aktia's renews its core banking system 

Aktia has chosen the international provider of banking software systems, Temenos´ T24 core banking system, and the Swedish Emric's credit processing system, as new platform for core banking solutions. The migration to the new platform will be done in collaboration with the current service provider, Samlink. A new agreement with Samlink on the provision of services during the transitional period, as well as the services that Samlink will provide in the future has been made.

The investment in a new platform for the core banking system is made as a part of Aktias Action Plan 2015, and the estimated cost of this investment is €30 million. The project will be completed in 2015.

The new core banking system is estimated to bring annual savings of approx. €5 million. The implementation of a modern core banking system also enables more cost-effective processes.

AKTIA BANK PLC

For more information, please contact:
Stefan Björkman, Deputy Managing Director, tel. +358 10 247 6595
Magnus Weurlander, Director, tel. +358 10 247 6383

From:
Anna Gabrán, Head of Investor Relations, tel. +358 10 247 6501
 

Distribution:
Nasdaq OMX Helsinki Ltd
Central media
www.aktia.fi

Aktia in brief:
Aktia Group provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 300,000 customers who are served by nearly 1,000 employees at branch offices and via Internet and telephone services. Aktia's shares are listed on the list of NASDAQ OMX Helsinki Ltd. For more information about Aktia, see www.aktia.fi