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December 26, 2014updated 04 Apr 2017 4:04pm

EVRY to provide payment services for four Norwegian banks

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.

By Verdict Staff

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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.

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."

The 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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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