The move to introduce Tietoevry’s wealth management system is set to allow Handelsbanken to offer financial products, including mutual funds, equities, ETFs and more, through a streamlined single platform that will be integrated into the rest of the bank’s ecosystem through the platform’s open APIs.
The deal is built upon the back of a long term collaboration between the two companies, leading to the implementation of the complete wealth platform, including Asset and Portfolio Management.
Cibyl Ekstrøm Kjerstad, Head of Wealth & Asset Management Norway, Handelsbanken said: “This collaboration enables us to always be innovative in the Wealth management field, as we will be able to upgrade the solution in a robust and innovative environment continuously.
“This will be visible for our full customer base within savings, as it takes our full front-and back-end for our wealth offering to a new level.
“We have chosen Tietoevry to help us scale our solutions and grow our business, and we look forward to implementing this in close collaboration with Tietoevry Banking”
The agreement is set to give Handelsbanken the capability to equip its customers with innovative and easy-to-use resources that will allow them to manage their savings and investments efficiently.
Dag Hasvold, Head of Equities, Funds & Savings at Tietoevry Banking said: “During economic turbulence, banks’ customers grow increasingly conscious of their savings and are seeking emerging digital self-service features for a better overview and simpler management of their assets.
“At the same time, when the customer base expands, it is crucial to have efficient and automated processes and tools that scale well in the back-end to cater for speed and to maintain quality and reduce costs.
“We are therefore proud to help Handelsbanken meet all these demands, as well as customers’ ever-increasing expectations for novel experiences.
“We are building on a long-lasting relationship, and take great pride in expanding our collaboration further with our SaaS-solution for Wealth management”
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