Transforming European Banking Digitalisation: Tietoevry and Version 1 Unite for a New Era
In a significant move towards enhancing the digitalisation of the banking sector, Tietoevry Banking has formed a strategic partnership with Version 1. This collaboration aims to empower European financial institutions by combining Tietoevry Banking’s robust Software as a Service (SaaS) solutions with Version 1’s expertise in modernising banking systems.
Transforming the Digital Landscape of Banking
The partnership between Tietoevry Banking and Version 1 is set to redefine how banks operate in an increasingly digital world. By leveraging their strengths, the alliance seeks to provide the essential tools that banks need to adapt to a rapidly changing market environment. This transformation is crucial as banks face heightened customer expectations and evolving market demands.
Key Benefits of the Partnership
- Enhanced Digital Services: The collaboration will offer secure, resilient, and agile financial services through a flexible software ecosystem.
- Modular SaaS Solutions: Tietoevry Banking’s extensive experience in delivering financial software will help institutions enhance customer personalisation and optimise digital channels.
- AI Compliance and Risk Management: Version 1’s expertise in AI compliance and financial crime monitoring will introduce advanced capabilities.
- Focus on Key Markets: The partnership strategically targets growth in the UK, Ireland, and Spain, aiming to strengthen fraud prevention and the card value chain.
Expert Insights on the Partnership
Endre Rangnes, managing director at Tietoevry Banking, stated, “With 50 years of experience in financial software, we understand how to help banks thrive amid accelerated change. Our modular SaaS solutions empower institutions to transform while maintaining their core operations efficiently.”
Similarly, Martin McDonagh, head of private sector sales at Version 1, remarked, “We evaluated several potential partners and found Tietoevry Banking to be the ideal match for our strategic goals. We’re excited about the promising discussions we’ve had with banks across the UK, Ireland, and Spain and look forward to further developments.”
Conclusion
This strategic partnership between Tietoevry Banking and Version 1 exemplifies a commitment to innovation and collaboration within the banking sector. By harnessing cutting-edge technology and expertise, they are poised to lead the way in delivering modern, customer-centric banking experiences. For more information on digital transformation in banking, visit Finextra.
