Handelsbanken and EVRY Enter into Agreement in Finland
December 13, 2018 at 02:02 pm
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Handelsbanken in Finland and EVRY have entered into an agreement for the delivery of next-generation core banking and payment software solutions. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years (option to extend for additional two years). This is an important step for EVRY in the Finnish market as well as in relation to its strategy of continuing to grow its presence in the Nordic and international markets. EVRY will deliver a complete portfolio of banking software solutions to Handelsbanken in Finland, serving both corporate and private banking customers. The contract includes delivery of core banking and payment software solutions, internet banking for personal and corporate customers, loan management and back office solutions for Handelsbankens’s employees, as well as selected card services. The solutions will be delivered as a Software as a Service (“SaaS”) solution, based on EVRY’s modern and cost-efficient software platform for end-to-end banking services. This will ensure that Handelsbanken continues to be at the forefront of delivering innovative and efficient services to its customers, and will facilitate Handelsbanken’s further growth in the Finnish market. With the new agreement, EVRY meets Handelsbanken’s need for simplification and reliability for its deliveries, while EVRY will also satisfy the bank’s quality and compliance requirements.
Evry ASA is a Norway-based company engaged in the provision of information technology (IT) services. It specializes in the outsourcing and project solutions. The Company's activities are divided into three segments: EVRY Financial Services, which offers solutions for banking sector, transactions systems, payment solutions and card services; EVRY Sweden, which provides a range of consulting services, as well as industry vertical and enterprise resource planning (ERP) solutions, among others, within the Swedish market; EVRY Norway, which is responsible for the consulting, infrastructure and operating services in Norway, as well as for Global Sourcing activities in Ukraine, Latvia and India and SAP-related consulting activities in Denmark. It offers solutions to a range of areas, including public sector, healthcare and oil and gas industry. The Company is majority owned by funds advised by Apax Partners.