Fana Sparebank Partners with Tietoevry Banking for a Five-Year Digital Transformation Journey
Fana Sparebank has taken a significant step towards modernizing its banking operations by entering into a five-year strategic partnership with Tietoevry Banking. This collaboration aims to enhance the bank’s digital capabilities by implementing an integrated technology platform that will be fully operational by April 1, 2025.
Transforming Banking Operations with Modern Technology
This strategic partnership will enable Fana Sparebank to adopt a comprehensive range of solutions, including:
- Core banking systems
- Payments and card services
- Advanced tools for financial crime prevention
The collaboration is designed to improve customer experience by expanding mobile and self-service functionalities, allowing customers to manage loans more efficiently and interact with a user-friendly digital interface.
Enhanced Digital Capabilities
Tietoevry Banking’s commitment includes delivering a fully modernized core banking system that adheres to Norway’s regulatory and security standards. This system will provide:
- High operational reliability
- Collaboration in developing transaction and behavioral analytics capabilities Innovations powered by artificial intelligence for personalized customer experiences
What Leaders Are Saying
Lisbet K. Nærø, CEO of Fana Sparebank, stated, “Our goal is to be a proactive bank with strong customer proximity. As consumer expectations for 24/7 digital access grow, we require robust, user-friendly tools. This partnership grants us access to a future-ready core banking platform, enhancing our digital interface.”
Endre Rangnes, CEO of Tietoevry Banking, expressed enthusiasm for the partnership, saying, “Being chosen by Fana Sparebank for a long-term technology partnership reflects our ability to meet the evolving needs of banks focused on usability, innovation, and secure delivery.”
Benefits of the Transition
The transition to Tietoevry’s updated core banking system is anticipated to:
- Enhance flexibility and adaptability to future technology shifts
- Allow Fana Sparebank to manage costs more effectively
- Support the bank’s role in promoting financial wellbeing within its community
Inge Ådland, Fana Sparebank’s Director of Innovation and Technology, commented, “This technology partnership addresses our need for new functionality with user experience at the center while ensuring cost-effective operations.”
Conclusion
This strategic partnership between Fana Sparebank and Tietoevry Banking marks a pivotal moment in the evolution of banking technology and customer service in Norway. To learn more about the future of banking technology, visit here.
