The Savings Bank Group of Finland taps Tietoevry to replace lending platform
The Savings Bank Group Finland has partnered with the Nordic tech firm Tietoevry to upgrade its lending platform.
The Savings Bank Group Finland partners Tietoevry
With Tietoevry’s lending solution deployed on Microsoft Azure Cloud, The Savings Bank Group will be able to offer origination, lifecycle management and collateral management for its corporate and consumer financial products.
The Savings Bank Group says the updated lending platform will enhance its digital offerings and operational efficiency by “simplifying the existing model and streamlining the product portfolio”.
Set to span 10 years and and commencing this autumn, the deal includes an initial three-year setup, with implementation expected to take place in stages by 2026, followed by seven years of services from Tietoevry.
The strategic partnership forms part of The Savings Bank Group’s larger ambition to invest €100 million in digitalising its operations and creating IT solutions over the next five years.
“We are making the largest investment in our company’s more than 200-year history, which enables the best combination of personal and digital customer experience with focus on lending and customer management processes,” says Pekka Suomalainen, CIO of The Savings Bank Group.
Suomalainen adds that Tietoevry has a “proven track record” of delivering lending solutions both in Finland and other Nordic countries for other banks.
“We have strong belief in Tietoevry’s capability to deliver cloud-ready product solutions in cooperation with other Savings Banks Group partners to offer more fluent, transparent, and easier service to both our customers and employees.”
Along with Tietoevry, other partners involved in this transformation deal include Microsoft, Samlink and Twoday.
