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Savings Banks Group Finland to renew lending platform with Tietoevry

By Gloria Methri

August 17, 2023

  • Consumer Finance
  • Corporate Finance
  • Finland
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Tietoevry, Open Banking, FinTech, Savings Banks Group Finland, API Marketplace, Open FinanceTietoevry has collaborated with The Savings Banks Group Finland to renew its lending platform, where Tietoevry’s Lending Suite, one of the leading credit solutions in the Nordic markets, will serve as the foundation. This partnership is part of a broader initiative by The Savings Banks Group to invest more than €100 million in modifying its operations and creating the next generation of IT solutions.

Tietoevry had previously worked with the Finnish banking group and its partners in a pre-study phase to create a baseline for the lending renewal initiative. This has laid the foundation for the lending renewal initiative aimed at enriching the bank’s offerings and solutions available to Finnish customers.

With Tietoevry’s Lending Suite software as its backbone, the solution encompasses origination, life-cycle management, and collateral management for consumer and corporate financial products offered by the the banking group The solution will be deployed in Microsoft Azure Cloud.

Pekka Suomalainen, CIO, Savings Banks Group said, “Tietoevry has a proven track record of delivering lending solutions both in Finland and other Nordic countries for other banks. We have a strong belief in Tietoevry’s capability to deliver cloud-ready product solutions in cooperation with other Savings Banks Group partners to offer more fluent, transparent, and easier service to both our customers and employees. We are happy to plug in and hopefully boost the ecosystem with Tietoevry’s other lending customers.”

Pär Johansson, Head of Credit Solutions at Tietoevry Banking said, “Once again, we prove that Tietoevry’s Lending Suite is the leading lending software in the Nordics. I am very proud to embark on this journey and it’s an important step into the future, with the deployment of the solution in Azure cloud. With our extensive expertise in lending and a great product, we will support Savings Banks Group through this three-year project securing a successful outcome.”

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