SpareBank 1, Norway’s leading mobile banking provider, and Tieto Banktech, a specialist banking technology firm, have announced a multi-year partnership aimed at transforming the digital mortgage experience for retail customers.
The two companies will collaborate to develop a new, data-driven mortgage solution that promises faster decisions, simplified processes and more personalised advice across the entire home-buying journey.
The first version of the solution is expected to be available to SpareBank 1 customers as early as 2026.
At the heart of the new offering is a dynamic loan application that integrates self-service tools directly into SpareBank 1’s mobile banking app, alongside real-time access to personal advice. The solution will leverage modern technology and real-time data to automate assessments, decisions and process flows to a significantly greater degree than existing systems.
Tieto Banktech has already been developing automation capabilities for the mortgage process and has established a dedicated specialist team in this area. The partnership with SpareBank 1 is intended to accelerate and strengthen this work, with an ambition to deliver a near fully automated mortgage journey incorporating AI-based tools.
SpareBank 1 Utvikling CEO Espen Kjølberg said, “By combining Norway’s leading mobile bank with Tieto Banktech’s technology, our capacity for innovation will increase significantly. Buying a home is one of life’s biggest decisions, and we want to make the process safer, faster and better tailored to individual needs. By developing a dynamic loan application that is personalised and data-driven, we are confident we can deliver a future-ready customer journey.”
Tieto Banktech managing director Mario Blazevic said, “Together with SpareBank 1, we will harness the full potential of technology and help make banking services even more personal. Tieto Banktech has already developed advanced automation for the mortgage process, and this new collaboration takes our innovation efforts to a new level. Our goal is to develop a near fully automated mortgage journey, with new solutions that integrate AI-based tools. Working with SpareBank 1 as one team on one of the most exciting innovation projects in the Nordic banking sector is hugely motivating.”
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