Swedbank invests in new savings platform along with FNZ

By Megha Bhattacharya

Swedbank announced that it will be investing in a savings platform in a bid to provide the necessary infrastructure to support continuous, personalized advice and create the opportunity for new services for savings and investments. The new savings platform gives Swedbank and the savings banks the technological capability and flexibility needed to meet their customers’ needs. For the new savings platform, Swedbank is partnering with FNZ.

“The new savings platform is part of our strategic effort to improve efficiency and simplify our processes and routines, while at the same time creating a stable, standardized and scalable foundation for Swedbank and the savings banks entire customer offering,” said Kerstin Winlöf, Head of Group Financial Products & Advice at Swedbank.

“Swedbank will speed up the further development of digital solutions and self-service functions where suitable in order at the same time to give customers more time for advanced advice based on their needs, wishes and personal situation. All to simplify our customers’ financial lives and ensure their financial health,” said Kerstin Winlöf.

Klaus Renvall, Managing Director for the Nordics at FNZ, said, “We are delighted to be partnering with Swedbank and building on FNZ’s presence the Nordic region. FNZ has a proven track record of using our cutting-edge technology solutions to help more people achieve their financial goals. We look forward to using our considerable experience and expertise to deliver a digital-first platform that strengthens outcomes for the customers through more efficient and tailored advice, reduced complexity, and enhanced oversight and
governance.”