Tieto delivers funds and securities solutions to Skandiabanken in Norway
Tieto has signed a five year agreement with Skandiabanken ASA to provide funds and securities solutions. The agreement is an important business enabler to Skandiabanken ASA as an independent Norwegian bank and a step in strengthening both companies’ foothold in Norway.
Skandiabanken was launched in April 2000 as the first pure online bank in Norway. In November 2015 it was listed as an independent bank on the Oslo Stock Exchange. With Tieto´s solutions the bank will be able to provide future-oriented funds and securities offerings to its customers while ensuring cost-efficient and secure operations. The new agreement also includes options for pension savings solutions and business process outsourcing.
- We are continually looking for better and more efficient solutions in order to provide our customers with user-friendly banking services. Innovative, solid and secure IT solutions are an increasingly important part of banking operations, and we are pleased to upgrade our funds and securities solutions together with Tieto. It enables us to remain as the leading challenger to the traditional banks, says Magnar Øyhovden, CEO of Skandiabanken ASA.
Tieto offers a wide range of products and services in the financial sector and is a leader within the Nordic funds and securities market. The secure and stable solutions are in line with current regulations, such as the requirements for increased transparency, and will help Skandiabanken ASA to reduce complexity, costs and time to market and support the bank´s future growth.
- Skandiabanken ASA is starting an exciting journey as an independent bank in Norway and we are pleased to have been chosen to be part of it. Based on Tieto’s deep understanding of the financial markets and our strong capital markets portfolio, we will be able to continue on Skandiabanken´s tradition of close customer relationships, says Christian Segersen, Vice President, Financial Services Tieto.
For further information, please contact:
Christian Segersven, Vice President, Financial Services Tieto
phone: +358 50 311 2486, e-mail: christian.segersven[at]tieto.com
Magnar Øyhovden, CEO of Skandiabanken ASA
phone: +47 959 40 038, e-mail: magnar.oyhovden[at]skandiabanken.no
About Skandiabanken
In April 2000, Skandiabanken was launched as the first pure digital bank in Norway. Today, the Bank offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term loans and short-term loans. The Bank has no branches and all products and services are offered directly through the digital platform which is available on a broad range of user devices. As of 31 December 2015, Skandiabanken had 380 731 account customers with a balance, and total assets of NOK 65.6 billion. www.skandiabanken.no
About Tieto
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately over 13 000 experts, the company operates in close to 20 countries with net sales of approximately EUR 1.5 billion. Tieto’s shares are listed on Nasdaq in Helsinki and Stockholm. Please visit www.tieto.com for more information.