(Oslo, 13 December 2018) Handelsbanken in Finland and EVRY have entered into an agreement for the delivery of next-generation core banking and payment solutions. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years. This is an important step for EVRY in the Finnish market as well as in relation to its strategy of continuing to grow its presence in the Nordic and international markets.
Handelsbanken in Finland and EVRY have entered into an agreement for the delivery of next-generation core banking and payment solutions. From left: Nina Arkilahti, the CEO of Handelsbanken in Finland, Wiljar Nesse, EVP Financial Services at EVRY.
EVRY will deliver a complete portfolio of banking software solutions to Handelsbanken in Finland, serving both corporate and private banking customers. The contract includes delivery of core banking and payment software solutions, internet banking for personal and corporate customers, loan management and back office solutions for Handelsbankens’s employees, as well as selected card services. The solutions will be delivered as a Software as a Service (“SaaS”) solution, based on EVRY’s modern and cost-efficient software platform for end-to-end banking services. This will ensure that Handelsbanken continues to be at the forefront of delivering innovative and efficient services to its customers, and will facilitate Handelsbanken’s further growth in the Finnish market.
“EVRY’s services are already widely used by Handelsbanken in Norway for many years. EVRY’s solution will give us a modern and configurable banking platform with extensive product development capabilities. Modernising our core banking system in this way will enable us to develop more efficient processes and thereby to provide better customer service,” comments Nina Arkilahti, the CEO of Handelsbanken in Finland.
“This agreement is an important milestone for EVRY’s deployment of next-generation core banking and payment solutions in Finland, and evidence that our banking platform is highly competitive internationally. It is a big vote of confidence from Handelsbanken in Finland to have chosen EVRY as a strategic partner. We will provide Handelsbanken with customer-centric core banking and payment solutions that will enable it to respond more quickly to changes and to be more agile in taking new value-adding services to market”, comments Wiljar Nesse, EVP Financial Services at EVRY.
With the new agreement, EVRY meets Handelsbanken’s need for simplification and reliability for its deliveries, while EVRY will also satisfy the bank’s quality and compliance requirements.
EVRY’s new core banking solutions are delivered as components based on industry standards. EVRY’s development strategy and implementation methodology are firmly based on the company’s close collaboration with the Banking Industry Architecture Network (BIAN). The use of modern architecture and standards, including ISO 20022, ensures that EVRY’s solutions are flexible, cost-effective and designed to meet international requirements.
About the contract
Under the agreement EVRY will deliver a complete portfolio of solutions, including core banking and payment solutions, internet banking for personal and corporate customers, loan management and back office solutions for Handelsbanken’s employees, and selected card services. The solutions will be delivered as a Software as a Service (SaaS) solution. The agreement represents total contract value of approximately NOK 650 million and runs for a period of eight years. In addition, Handelsbanken has the option to extend the agreement for up to two years.
Geir Remman, Geir Remman, VP Corporate Communications, EVRY
Tel. +47 970 55 017, email@example.com
Pirjetta Soikkeli, Head of Communication, Handelsbanken Finland, Tel. +358 40 750 0093
About Handelsbanken in Finland
Handelsbanken Finland is a part of the Handelsbanken Group and consists of a branch network from north to south. Handelsbanken also offer private banking and asset management including custody services. Handelsbanken Rahoitus represents the finance house of the group. Stadshypotek, Asuntoluottopankki (a subsidiary of the mortgage bank in the group) grants the mortgage loans. Handelsbanken Capital Markets including the insurance company Handelsbanken Liv, provides with insurance, risk management, equity and other securities trading and capital markets services. Handelsbanken Finland has about 600 employees.