The banking and finance industry is going through a significant transformation. New legislation and rules and increased digitalisation are putting pressure on banks. The market is becoming more and more competitive, and the fast pace of technological development is leading to end-customers having entirely new expectations. EVRY has the experience, resources and expertise that banks and financial institutions need to adapt to these changes. Through its in-depth industry knowledge, EVRY helps its customers to do things differently and to generate new ideas that change how they operate and compete, with its services ranging from developing the customer experience to modernising and simplifying key IT systems and improving an organisation’s cost efficiency by automating its processes.
EVRY Financial Services operates a delivery model that is fully integrated with the company’s global delivery unit in order to meet customer needs and adapt to market developments. An important element in EVRY Financial Services’ strategy is expanding and strengthening the business area’s geographic footprint in the Nordic market. We will also continue to expand outside the Nordic region in selected areas such as card services, fraud prevention, lending systems and ATM services.
“We are having a lot of success in the race to deliver next-generation core banking and payment solutions. The market offers continuing new opportunities, and we are well-positioned to capitalise on them.”
Service platform
It is crucial for banks to provide both their customers and employees with user-friendly banking services with state-of-the-art functionality. EVRY’s significant investment in next-generation banking and payment solutions is therefore strategically important for the company. EVRY has signed a number of important customer agreements, and its new core banking solutions are accordingly being established as an industrialised service platform. The use of modern architecture and standards ensures that EVRY’s solutions are flexible, cost-effective and adapted to international requirements. 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 solutions can be delivered as SaaS services from EVRY, or as components installed at banks.
Success in the market
EVRY is having a good deal of success in the Norwegian market with its next-generation core banking and payment solutions, and has entered into extensive long-term delivery agreements with the SpareBank 1 Alliance, Handelsbanken, Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank, Gjensidige Bank, De Samarbeidende Sparebankene (an alliance of nine savings bank that have a joint collaboration agreement) and Sparebanken Møre. The EVRY Strategic Design Lab has been an important initiative for EVRY Financial Services and it is attracting a lot of interest from customers. EVRY’s investment in it has helped EVRY to build closer relationships with board members and senior executives at its customers.
The market offers continuing new opportunities, and EVRY is well-positioned to capitalise on them. Gartner estimates that the Nordic market for IT services and software for banks will grow on average by 5.7% annually, taking it from NOK 33.7 billion in 2016 to NOK 42.0 billion in 2020.
EVRY Financial Services has 1,238 employees with in-depth insight into the opportunities and challenges that characterise the bank and finance market. EVRY Financial Services has significant experience from executing major and important projects, giving it the expertise and delivery capabilities needed to deliver on customer requirements.
Focus areas in Financial Services:
- Next-generation core banking and payment solutions
- EVRY Strategic Design Lab
- Digital Design & Insight
- Financial Services Labs
- Open API Banking
- Card services and mobile payment
- Quality and continuity
