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Fearnley Securities takes their cloud journey to the next level with Tietoevry

24 May 2021

Fearnley Securities has chosen TietoEVRY to deliver its new SaaS Securities Trading platform. With this new partner agreement, Fearnley Securities can rest assured that the IT operations related to securities trading and settlement run smoothly, with capabilities for future scaling, substantial cost-savings, and easier day-to-day IT operations.

As one of Norway’s leading independent full-service investment banks, Fearnley Securities has been working closely with Tietoevry for several years. Fearnley Securities has been a long-time customer of Tietoevry, utilising the ProBroker on-premise solution for their securities brokerage operation. Fearnley Securities is now taking their cloud journey to the next level, by transitioning to a Software-as-a-Service (SaaS) solution in a private cloud.

“Moving one of our core systems to SaaS is part of our overall new IT strategy,” says Olav Amlie, Deputy CTO at Fernley Securities. “We want to take the full advantage of cloud and outsource applications like ProBroker. We reviewed the market for other alternative vendors and solutions but decided to stay with ProBroker as it continues to represent the best fit for our needs. Now, moving over to a SaaS agreement with Tietoevry, our IT team can concentrate on the areas where they have more expertise and can add more value. By taking this step into the cloud, we also expect to become more agile and efficient in our operations.”

“Moving to the cloud will provide Fearnley Securities with a more flexible and scalable solution that removes the need for managing and updating software and hardware. With hosting removed from the equation, focus can be put on end customers and exploring new digital opportunities, which is in line with Fearnley Securities ambition,” says Dag Hasvold, Head of Equities, Funds & Savings within Wealth at Tietoevry.

“Tietoevry is proud to be given the trust form Fearnley Securities for operating their securities trading platform in the years to come”, Dag Hasvold continues. “Fearnley Securities has been an important member of our customer community for many years, and this agreement confirms our market leading solution combined with our supporting services and local expertise makes this a winning formula.”

ProBroker SaaS services are part of Tietoevry Wealth Platform. ProBroker SaaS is supporting securities trading, clearing and settlement, servicing both retail and institutional flows. Everything is supported by open APIs, which enables customers to expose their services through digital channels and benefit from the growing partner-network to the platform.

Read more about Tietoevry capital markets core solutions

About Fearnley Securities

Fearnley Securities, part of Astrup Fearnley Group, is a leading independent full-service investment bank, serving a diverse set of clients from offices in Oslo and New York, which includes major institutional investors, family-offices, financial sponsors, and select high net worth individuals.

About Tietoevry

Tietoevry creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success. Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs.

Any questions? Get in touch!

Dag Hasvold

Head of Equities, Funds & Savings, Wealth, Financial Services Solutions

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