EVRY enters into a long-term agreement with nine savings banks

(Oslo, 2 November 2015) EVRY has entered into a comprehensive agreement to deliver banking solutions and complete IT platform operations to nine Norwegian savings banks. The agreement is for a period of five years and represents total contract value of NOK 355 million.

De Samarbeidende Sparebankene (DSS) is an alliance that have a joint collaboration agreement, and Haugesund Sparebank manages this work on behalf of the nine banks. In addition to Haugesund Sparebank, the following banks are part of the agreement with EVRY: Spareskillingsbanken, Luster Sparebank, Lillesands Sparebank, Søgne og Greipstad Sparebank, Voss Sparebank, Etne Sparebank, Skudenes & Aakra Sparebank and Flekkefjord Sparebank.

The agreement means that EVRY will deliver next-generation core banking and payment solutions to the nine banks. EVRY will work as a collaboration partner to support the banks' business activities in what is an ever more dynamic market by delivering banking solutions that satisfy both increasing regulatory requirements and bank customers' expectations for the digital user experience to be personal and interactive.

- The banks' joint procurement and close collaboration with EVRY in relation to IT solutions will help the banks achieve sizeable savings in the years ahead. The collaboration agreement we have entered into with EVRY provides us with predictability and access to new, innovative and future-oriented banking solutions. This will strengthen our position as competitive local banks in the regions where we operate in the years ahead, comments Knut Grinde Jacobsen, Chair of the Board of DSS and Managing Director of Haugesund Sparebank.

- Our collaboration with DSS has evolved over a number of years. We are very pleased with DSS's renewed vote of confidence in us that will see us provide a solution that will be used by all nine banks and that will at the same time allow each of them to build further on their unique characteristics in their local market. The agreement demonstrates that our solutions are suitable for large and small banks alike, and also confirms that EVRY is on the right strategic path in its focus on developing and delivering flexible next-generation solutions in the core banking and payment areas, comments Wiljar Nesse, EVP Financial Services at EVRY.

EVRY has so far entered into similar delivery agreements for next-generation core banking and payment solutions with the SpareBank 1 Alliance and Sparebanken Vest, as well as a collective agreement with Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank and Gjensidige Bank. The contracts have a combined total value of approximately NOK 4,355 million.

Future-oriented banking solutions
EVRY is establishing its new core banking solution as a service platform using industry-standard components. The transition will be achieved through a step-by-step adoption of a defined architecture. This approach ensures a controlled transition to a state-of-the-art and cost-effective platform.

EVRY's development strategy and implementation methodology are firmly based on the company's close involvement in the Banking Industry Architecture Network, of which EVRY is the only Nordic member. EVRY's new solutions apply state-of-the-art architecture and standards, including ISO 20022. This ensures that the solutions can be used in international markets and are flexible and cost-effective, as well as being well adapted to international requirements.

About the agreement
The new agreement comes into effect on 1 January 2016 and runs to 31 December 2020. The agreement includes an option to extend for a further two years. It represents total contract value of approximately NOK 355 million over the five years.

EVRY will work as a collaboration partner to provide the banks with expertise in relation to regulatory requirements, security, accounting and business development. The agreement also includes delivery of a CRM solution to improve customer monitoring.

Contact persons:
Wiljar Nesse, EVP Financial Services, EVRY, tel: +47 934 48116
Viola Hellström, VP Communications Financial Services, EVRY, tel: +46 73 708 1727

About EVRY
EVRY is one of the leading IT companies in the Nordic countries, with a strong local and regional presence in 50 Nordic towns and cities. Through its knowledge, solutions and technology, EVRY contributes to the development of the information society of the future, and so creates value for the benefit of its customers and for society as a whole. EVRY combines in-depth industry knowledge and technological expertise with a local delivery model and international strength.

EVRY has some 10,000 employees, and the company is committed to demonstrating that Nordic customers are best served by a supplier that understands Nordic business from the inside. EVRY reports annual turnover approaching NOK 13 billion.

About DSS
De Samarbeidende Sparebankene comprises nine independent savings banks: Haugesund Sparebank, Spareskillingsbanken, Luster Sparebank, Lillesands Sparebank, Søgne og Greipstad Sparebank, Voss Sparebank, Etne Sparebank, Skudenes & Aakra Sparebank and Flekkefjord Sparebank.

The DSS banks have total assets of over NOK 50 billion, 150,000 customers and 300 employees. The banks are well capitalized and operate as universal banks through their collaboration with Frende Forsikring, Brage Finans, Norne Securities and Verd Boligkreditt.