back Back

Backbase and Knowit partner to transform digital banking in the Nordics

By Gloria Methri

January 17, 2025

  • Backbase
  • Backbase Engagement Banking Platform
  • Banking Modernisation
Share

Backbase, Knowit, Engagement Banking, digital transformation, EuropeBackbase, the creator of the Engagement Banking Platform, has signed a strategic partnership with Knowit, a Nordic digital transformation consultancy. The collaboration enables financial institutions across Denmark, Norway, Sweden and Finland to accelerate their digital transformation initiatives while delivering superior banking experiences at scale.

Benefits of this partnership include:

  • It builds synergies through Knowit’s Nordic market presence and digital transformation expertise across areas, with Backbase’s Engagement Banking Platform loaded with cutting-edge capabilities to enhance customer engagement.
  • It enables rapid deployment of innovative digital banking solutions that meet local market requirements and regulations.
  • Provides Nordic financial institutions access to Backbase’s pre-integrated FinTech ecosystem and ready-to-go banking apps

“The Nordic region continues to lead in digital banking innovation. Our partnership with Knowit strategically expands our presence in this key market, enabling financial institutions to modernise their technology stack and deliver exceptional customer experiences rapidly,” said Jonas Qvadfordt, Regional Director of Nordics at Backbase. “Together, we’re helping banks break free from legacy constraints and orchestrate seamless customer journeys across every stage of the customer lifecycle.”

“Partnering with Backbase significantly enhances our ability to deliver cutting-edge digital banking solutions to Nordic financial institutions,” said Rune Ivarsflaten, CEO at Knowit Financial Solutions. “By combining our deep understanding of local market requirements with Backbase’s proven Engagement Banking Platform, we can help banks accelerate their digital transformation while ensuring compliance with regional regulations.”

“Our role as Backbase’s integration partner in the Nordics will allow us to provide our customers with seamless integration of Backbase’s solutions and services. This combination provides our customers with the best of both worlds – world-class global capabilities and strong local understanding,” said Jan Georg Lehmann, Chief Commercial Officer at KnowIt Financial Solutions.

Through this strategic alliance, Backbase and Knowit will enable Nordic financial institutions to accelerate their digital transformation while maintaining the highest standards of compliance and security. The combination of Backbase’s Engagement Banking Platform and Knowit’s deep Nordic expertise provides banks with a clear path to deliver personalised, seamless banking experiences that drive customer loyalty and business growth.

Previous Article

January 17, 2025

Banco Mercantil partners with Atos to accelerate cloud migration

Read More
Next Article

January 17, 2025

Google Pay now available for PhotonPay Mastercard Users in Hong Kong

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 13, 2025

Revolut enters Ukraine, launches special edition Clear Sky card

Read More

February 13, 2025

ClearBank launches embedded banking solution for Capital on Tap

Read More

February 13, 2025

The Union Bank Company taps Candescent for digital banking upgrade

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More