EVRY ASA: Handelsbanken and EVRY enter into agreement in Finland
13 December 2018
(Oslo, December 13, 2018) Handelsbanken in Finland and EVRY have entered into an agreement for the delivery of next-generation core banking and payment software solutions. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years (option to extend for additional two 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.
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 software 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.
Handelsbanken has a nationwide branch network in Sweden, the UK, Denmark, Finland, Norway and the Netherlands. The Bank regards these six countries as its home markets. Handelsbanken was founded in 1871 and currently has nearly 12,000 employees working in more than 20 countries.
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 grants the mortgage loans, and 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.
This information is subject to disclosure under the Norwegian Securities Act section §5-12.
For investor enquiries:
Frank Stangnes, Head of Group Treasury and Investor Relations, +47 47453275
For media enquiries:
Unni Strømstad, EVP Communications and Marketing Tel: +47 97753453
EVRY is one of the leading IT services and software providers in the Nordic region and has more than 10,000 customers across the private and public sectors. Every day more than five million people in the Nordic region use solutions delivered by EVRY. Through its strong local presence and in-depth technological and commercial insight, EVRY is a driving force for innovation and modernisation at its customers. EVRY reported turnover of NOK 12.6 billion in 2017 and has around 8,800 employees across nine countries. Its headquarters are located at Fornebu just outside Oslo, and the company is listed on the Oslo stock exchange. www.evry.com