Landkreditt Bank taps Profile Centevo to enhance fund operations

By Vriti Gothi

Landkreditt Bank has entered into a long-term agreement with Profile Centevo to implement a new fund administration and trading platform as the Norwegian lender moves to modernise its fund operations and strengthen its digital infrastructure.

Announced on 12 February 2026, the agreement will see Landkreditt Bank migrate its mutual fund unitholder registers to Profile Centevo’s internal register and fund services platform. Profile Centevo, part of Profile Software, provides asset and fund management technology across the Nordic region.

Landkreditt Bank, which serves both the agricultural sector and the retail market in Norway, said the new platform is intended to improve cost efficiency, streamline operations, and enhance the digital experience for customers. By shifting its unitholder registers in-house via Profile Centevo’s system, the bank aims to reduce third-party dependencies and simplify its operational architecture.

The move reflects a broader trend among Nordic financial institutions seeking to consolidate legacy systems and bring core fund administration capabilities onto integrated platforms. As regulatory complexity and margin pressures persist in asset and fund management, banks are increasingly focusing on scalable technology stacks that offer greater control over data and workflows.

Einar Storsul, Chief Information Officer at Landkreditt Bank, said, “The objective was to establish a stable, future-ready platform for fund services. Moving to Profile Centevo’s solution gives us a clean, integrated setup with improved data flows and operational control. The migration was handled professionally, and we are now well positioned to support future business growth.”

For Profile Centevo, the agreement strengthens its footprint in Norway. Stefanos Athanasiadis, Managing Director of Investment Solutions and CEO at Profile Centevo, described the deal as “an important milestone,” adding that the platform is designed to support both current operations and future expansion. He noted that Landkreditt Bank is the latest Norwegian institution to join the company’s platform.

Evangelos Angelides, Chief Executive Officer at Profile, said, “The partnership reinforces the group’s position as a long-term technology provider to Nordic financial institutions, particularly as they navigate structural and operational change.”

The implementation underscores the continuing shift in the Nordic asset management market towards integrated, technology-driven operating models, as banks seek to future-proof fund services amid evolving customer expectations and competitive pressures.