OBOS Bank, a digital everyday bank headquartered in Norway, has partnered with Tietoevry Banking is a provider of financial SaaS solutions in the Nordics.
The partnership between OBOS Bank and Tietoevry Banking is driven by the goal to digitally process as many mortgage applications as possible, from initiation to disbursement.
OBOS Bank serves approximately 80,000 bank customers and manages assets worth NOK 68bn ($5.6bn).
Tietoevry Banking offers a comprehensive range of banking solutions, including core banking, payment, and fraud prevention services. It focuses on modernizing banks and unlocking value through low-risk, efficient software implementations.
The new digital loan process introduced by this partnership caters to existing customers seeking refinancing and new mortgage applicants. The process integrates real-time solutions and manual checks to maintain high credit quality.
Tietoevry Banking will also offer its banking platform to include a variable pricing model and modern solutions. This includes core banking, card and payment solutions as well as modern solutions for combating fraud and financial crime.
“OBOS Bank CEO Øistein Gamst Sandlie said, “We are a digital everyday bank that aims to be user-friendly and offer favourable terms on loans and savings. We have already observed a substantial increase in efficiency and benefits for customers through our digital lending process.
“As the solution is gradually introduced, it will eliminate queues and bottlenecks, freeing up time for customer advice and follow-up. With our growth aspirations and dedicated employees who look forward to coming to work, we have a compelling value proposition that promotes diversity in the banking industry.”
Tietoevry Banking CEO Klaus Andersen said, “We are proud to be able to revitalize the collaboration with OBOS Bank. The key to our mutual success is maintaining open communication and fostering effective collaboration, leveraging our extensive banking expertise and innovative technology management.
“As a result, customers can expect to receive top-notch digital services that enhance their overall experience and simplify their interactions with OBOS. Our market-leading technology platform also ensures OBOS Bank a high degree of efficiency and a competitive solution that can be quickly adapted to changing business needs.”
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