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EVRY and Handelsbanken Norway sign comprehensive agreement

(Oslo, 12 December 2016) EVRY and Handelsbanken Norway have entered into a comprehensive strategic agreement for the delivery of next-generation core banking and payment solutions. As part of the agreement EVRY will continue to provide banking and operations services, card services, and print and information services. The agreement represents total contract value of approximately NOK 700 million over a five-year period, and includes the option to extend for a further two years.

Under this new agreement EVRY will deliver a complete portfolio of solutions to Handelsbanken. Cost-effective and modern solutions will help Handelsbanken to continue to grow in the Norwegian market. With the new agreement EVRY meets Handelsbanken’s need for simplification and reliability for its deliveries. At the same time EVRY satisfies the bank’s quality and compliance requirements, and gives it access to innovative and future-oriented banking solutions.

Handelsbanken is committed to providing its customers with digital and user-friendly services. In order to be able to offer the banking services of the future, Handelsbanken has opted for a complete service that includes next-generation core banking and payment solutions from EVRY.

Handelsbanken is committed to maintaining a very high level of customer satisfaction. We achieve this by offering personal advice, having a local presence and providing high-quality digital solutions. Our customers’ requirements in terms of solutions are constantly evolving, so we constantly adapt in order to be able to offer a good banking experience. This agreement with EVRY will make a crucial contribution to this work. Together we will build a cost-effective platform for modern banking operations with digital solutions that satisfy both current and future needs, explains Gry Haugo Killingstad, Head of Infrastructure at Handelsbanken Norway.

“Handelsbanken is one of the banks in Norway that delivers the best results in terms of both customer satisfaction and financial performance. It is a big vote of confidence in EVRY that the bank wishes to continue using our digital banking services while also focusing strategically on next-generation core banking and payment solutions from EVRY. This will give Handelsbanken a modern and customer-centric core bank with a great deal of possibilities in terms of high-quality customer solutions. We are looking forward to continuing our good collaboration with Handelsbanken”, comments Wiljar Nesse, EVP for Financial Services at EVRY.

“We are noticing that a number of banks, such as Handelsbanken, are in the process of introducing modern core banking systems to ensure they are better prepared to meet customers’ expectation for the banking experience to be more personal and digital. The agreements we have entered into for next-generation core banking and payment solutions confirm that we have very competitive solutions. This gives us a strong starting point from which to achieve further growth in the Nordic region in the years ahead”, explains Wiljar Nesse.

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), of which EVRY is the only member that is a Nordic IT service provider. 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. The solutions can be delivered as SaaS services from EVRY, or as components installed at banks.

About the agreement
The new agreement runs from 1 January 2017 and expires on 31 December 2021, and includes an option to extend for a further two years. The agreement represents total contract value over the five years of approximately NOK 700 million.

Contact persons:
Wiljar Nesse, EVP Financial Services, EVRY, tel. +47 934 48 116
Viola Hellström, VP Communications, Financial Services, EVRY, tel. + 46 73 708 17 27
Gry Haugo Killingstad, Head of Infrastructure, Handelsbanken Norway, tel. +47 971 556 65

About Handelsbanken
Handelsbanken in Norway is one of the country’s leading banks in both the retail and business banking markets. In Norway Handelsbanken has a lending portfolio of NOK 232 billion. With 50 branches and approximately 750 employees, Handelsbanken is represented across Norway. In addition to traditional banking, Handelsbanken offers services in life insurance, asset management and securities (fixed income and currencies, stock brokerage, corporate finance). Handelsbanken in Norway is part of Svenska Handelsbanken, a leading Nordic universal bank. The group has 11,500 employees in over 800 branches across more than 20 countries, and was set up in 1871. Its head office is located in Stockholm. The bank is listed on the Stockholm stock exchange.

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