Norwegian technology firm EVRY has signed an agreement to provide payment services to four Norwegian banks, namely Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank and Gjensidige Bank.
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The contract, which runs for a period of five years, is valued at NOK1.2bn ($160.5m). It also includes renewal of the banks’ core banking and payment areas.
The agreement is a continuation of the current collaboration on a complete portfolio of banking solutions that will support the four banks as they seek to develop the best digital solutions in the market – irrespective of the channel used.
EVRY CEO Terje Mjøs said: "Our collaboration with these four banks has developed over many years, and we are very proud to have received a renewed vote of confidence from them. This is an important milestone in our strategic investment in developing and delivering next generation core banking and payment solutions.
"The banking sector is one of EVRY’s most important growth areas. These new solutions will make the banks much more able to address a dynamic market characterised by the increasing demand for new services from bank customers."
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By GlobalDataThe new contract comes into effect on 1 January 2015 and runs until 31 December 2019. It includes an option to extend for a further two years.
