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Industrial PRIME | February 22, 2016

Tieto Helps Digital Bank Skandiabanken Challenge Traditional Banks in Norway

Tieto Helps Digital Bank Skandiabanken Challenge Traditional Banks in Norway

Industrial PRIME | February 22, 2016

Joining forces with Tieto, Skandiabanken ASA is set to strengthen its foothold as the leading challenger to traditional Norwegian banks.

Tieto has signed a five-year agreement with Skandiabanken ASA, a Norwegian bank originally founded in 2000 as the first purely digital bank in Norway.

With Tieto’s solutions, Skandiabanken will be able to provide future-oriented funds and securities services to its customers, while ensuring cost-efficient and secure operations. The agreement also includes options for pension savings solutions, as well as business process outsourcing.

The agreement is considered to be an important business enabler to the now-independent Skandiabanken, which aims to strengthen its position as the leading challenger to the traditional banks in Norway.

“Innovative, solid and secure IT solutions are an increasingly important part of banking operations,” said Magnar Øyhovden, CEO, Skandiabanken ASA. “We are pleased to upgrade our funds and securities solutions together with Tieto.”

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