EVRY, one of the largest IT companies operating in the Nordic region, has signed a £355m deal with nine Norwegian banks to supply banking and IT solutions. The nine banks are a part of a joint collaboration agreement, where Haugesund Sparebank will act as the manager of the contract.

The IT giant is expected to deliver next-generation core banking and payment solutions, which take into consideration both the intensification of regulatory demands and the growing expectations on the part of consumers for a personal and interactive digital experience.

The agreement is also expected to help the nine banks in achieving considerable savings in the five-year period covered by the contract. According to Knut Grinde Jacobsen, Chair of the Board of the DSS alliance, the agreement will “strengthen [their] position as competitive local banks in the regions where we operate in the years ahead”.

EVRY is a part of the Banking Industry Architecture Network, which has established a model for Service Oriented Architecture with standardised service definitions, levels of detail and boundaries. This will ensure that the new solutions will be consistent with international requirements and best practice.

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