The banking sector is going through a customer-driven digital transformation and is being significantly affected by the rapid pace of technological change. Bank customers are constantly demanding new, user-friendly services. In order to meet new customer requirements and ensure they are quick to market with new services, banks need a modern and flexible platform. Collaborating with EVRY will give SpareBank 1 banking services, core banking solutions and payment solutions that are next-generation.
- Collaboration between 14 banks
- 7,500 employees
- 300 branches across the whole of Norway
Equipped to meet its customers’ needs
The use of digital services has exploded, and banks operate in a competitive market that requires them to be focused on costs. Banks need to become more competitive through a combination of simpler digital solutions for customers and automating their back-office processes.
“SpareBank 1’s ability to adopt new technology is of crucial importance in order for us to be a leading banking alliance and to offer industry-leading services to our customers. Our values are based on closeness, local expertise and security in every-day digital life”, comments Øyvind Aass, CEO of the SpareBank 1 alliance.
Relevant digital services
EVRY can offer assistance with thinking innovative thoughts and generating ideas that change how businesses operate and compete. SpareBank 1 is strongly committed to providing its customers with user-friendly and efficient digital services. Thanks to EVRY’s assistance, SpareBank 1 now has more efficient systems of higher quality. This is helping to ensure its customers have simpler and more flexible solutions. EVRY is helping SpareBank 1 with its efforts to modernise, simplify and become more cost-efficient, and will also help make the bank even better equipped to respond to the market’s demand for services that are more relevant and more personal in a digital world.
More user-friendly for customers
Automated processes and digital solutions make better business models possible. Integration with Norway’s public registers enables SpareBank 1 to make the lending process simpler for both customers and the banks in the alliance. Another example is digital electronic real estate transactions through collaboration between real estate agents and the banks, with electronic processing for real estate settlement. This enables faster settlement between buyers and sellers of real estate, while the banks benefit from a faster loan approval process with digital real estate settlement, based on the Norwegian Mapping Authority’s digitalised solutions.
Standardised service platform
EVRY is establishing its new core banking solution 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), of which EVRY is the only member that is a Nordic IT service provider. The use of modern architecture and standards ensures that EVRY’s solutions are flexible, cost-effective and adapted to international requirements.
“In EVRY we have a collaboration partner that thinks long-term and that understands the mechanisms in the banking market and our needs. We are now well-equipped to meet our customers’ requirements in the future as well.”