Tietoevry Banking, a leading Nordic provider of financial software solutions, has formed a strategic partnership with Version 1, a prominent digital transformation expert. This collaboration aims to drive the digitalisation of European financial institutions by integrating Tietoevry Banking’s trusted SaaS solutions with Version 1’s expertise in modernising banking systems, as well as its specialization in AI compliance, ethics, and risk management.
Empowering banks for the digital era
As the European financial sector navigates rapid digital transformation in a fast-moving world, banks must continuously modernise to meet evolving market demands and customer expectations. Delivering secure, resilient, and agile financial services requires a flexible software ecosystem that can quickly adapt to change. With decades of experience in financial software, Tietoevry Banking has played a pivotal role in the digitalisation of tier-1 banks and serves the Nordic region’s 27 million digitally advanced consumers.
By integrating Version 1’s digital transformation expertise with Tietoevry Banking’s modular, purpose-built SaaS software, this partnership will enable many more banks across Europe to enhance customer personalisation, optimise digital channels and maintain regulatory compliance, ultimately unlocking new competitive advantage.
A Partnership Built for Innovation and Growth
“Our 50 years of experience in financial software has taught us how to help banks thrive in a time of accelerated change. Our modular SaaS solutions empower financial institutions to drive domain transformation while continuing to run their core business effectively. Partnering with Version 1 allows us to extend these capabilities to more European banks, helping them build resilience, amplify efficiency, and deliver superior customer experiences,” says Endre Rangnes, Managing Director at Tietoevry Banking.
“We evaluated several partners to find the right strategic fit and identified Tietoevry Banking as an ideal match for our ambitions. We have already engaged in promising discussions with banks in the UK, Ireland and Spain, and we`re excited to see this partnership gain further momentum in these key markets,” adds Martin McDonagh, Head of Private Sector Sales at Version 1.
Expanding International Reach and Strengthening Fraud Prevention
With nearly 20% of its revenue already generated outside the Nordics, Tietoevry Banking is expanding its global footprint. The partnership prioritises growth in the UK, Ireland and Spain, offering banks access to best-in-class fraud prevention and financial crime monitoring solutions, as well as highly automated and efficient solutions for the entire lending and leasing value chain. Additionally, the partnership will enhance capabilities in the Card value chain, with a particular focus on modular and industrialised issuing and card production solutions, providing customers with scalable systems with a high degree of increased process efficiency.
Today, Tietoevry Banking processes over 4.3 billion transactions annually, successfully blocking approximately 94% of fraudulent transactions in real time. Through this collaboration, more financial institutions will be able to leverage AI-powered fraud prevention and 24/7 monitoring expertise. Tietoevry Banking has a history of providing highly automated lending and leasing processes for our Nordic customers for over 20 years. The cloud agnostic lending solutions can be hosted on public and private cloud as well as on-premise. The solution offers digitalised loans, mortgages and leases, enabling rapid efficiency as well as the ability to have loans and leases on a single ledger.
This unique partnership is designed to provide European banks with highly skilled and passionate individuals, fostering a culture that encourages collaboration and change, empowering customers to accelerate a digitalisation journey that matches their ambition.
A Culture of Innovation and Collaboration
At the core of this partnership is a shared commitment to fostering a culture of collaboration and continuous innovation. By bringing together highly skilled and passionate professionals, Tietoevry Banking and Version 1 create an environment where European banks can confidently accelerate their digital transformation. This approach ensures that financial institutions not only keep pace with change but also lead in delivering modern, customer-centric banking experiences.
A future-ready partnership
Through this strategic collaboration, Tietoevry Banking and Version 1 are set to redefine how European banks approach digital transformation. By combining leading-edge SaaS solutions with industry-leading expertise, the partnership empowers financial institutions to navigate an increasingly digital landscape—delivering secure, efficient, and customer-centric banking experiences.
Version 1 will enhance Tietoevry Banking’s AI expertise, accelerating its financial technology advancements and enabling banks to seamlessly integrate best practices and accelerate responsible AI adoption, significantly enhancing the efficiency and accuracy of basic tasks and allowing better direction of resources to core competencies.