(Oslo, 28. August 2017) The Danish company Bankdata, which provides IT services to several of the largest banks in Denmark, has selected Cash Management solutions from EVRY. The agreement runs for a period of three years and represents total contract value of approximately NOK 30 million.
EVRY’s Cash Management solutions will give Bankdata the market’s most sophisticated liquidity management solution, which includes the Cash Pool, Cross Border Cash Pool and Global Liquidity Management services. Thanks to the agreement, Bankdata’s member banks will be able to offer new and advanced products to their business customers and will enjoy superior liquidity optimisation, reduced time-to-market and lower operating expenses.
The agreement covers project implementation, software licences, services, and application administration with 24/7 application support. The project commenced before the summer with a successful proof of concept, which will be finalised in autumn.
“In order to be the main bank for their largest and most complex business customers, our eleven member banks depend on being able to offer innovative and advanced liquidity management products. Having considered various different options, we concluded that EVRY had the best and most user-friendly solution. EVRY’s modern and well-tested solution will strengthen the position of our member banks as leading providers of high-value services to the business market”, comments Poul Erik Osmundsen, Deputy Manager Basic systems & Payments in Bankdata.
“This agreement gives EVRY a stronger position in the Danish market, which is strategically important to us. We are extremely proud that an organisation as professional and capable as Bankdata has chosen EVRY as a collaboration partner. We are looking forward to working closely with Bankdata and to making our solutions available to some of Denmark’s leading banks. A range of leading banks in Norway already use our liquidity management solutions, and the Danish banks will benefit from the business value of our deliveries”, comments Wiljar Nesse, EVP Financial Services, EVRY.
EVRY’s Cash Management solutions, which are part of the company’s Core Banking and Payment suite, will now be integrated with Bankdata’s core banking system. EVRY’s new core banking platform and payment solutions are provided as a service platform using industry-standard components. 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. The solutions can be delivered as SaaS services from EVRY, or as components installed at the customer.
Wiljar Nesse, EVP Financial Services, EVRY, tel. +47 934 48 116
Viola Hellström, VP Communications Financial Services, EVRY, tel. + 46 73 708 1727
Poul Erik Osmundsen, Associate Director Core & Payment, Bankdata, tel. +45 7924 2161
Bankdata is a non-profit business owned by eleven member banks. These include two of the five largest banks in Denmark, Sydbank and Jyske Bank. Bankdata’s objective is to develop and operate its members’ IT solutions such that the banks are competitive in relation to other industry participants. The banks participate actively in planning, developing and prioritising the company’s activities. With 700 employees, Bankdata is one of the largest IT providers in finance in Denmark. Bankdata provides complete IT solutions to the financial sector, including developing internet and mobile banking services, credit and advisory tools, support and security.