Finovate Alumni News


  • Onfido Raises $50 Million in New Capital.
  • Salt Edge Earns Account Information Service Provider License from FCA.

Around the web

  • Tinkoff Group of Russia builds supercomputer dubbed the most powerful in financial sector.
  • PayPal joins Series A round for Cambridge Blockchain.
  • EVRY partners with ACI Worldwide to enhance its mobile payment service in the Nordics and Europe.
  • ProfitStars wins 2019 FinTech Breakthrough Award for Best Business Lending Platform
  • Capsilon expands executive team, forms new product organization to drive mortgage innovation. Check out Capsilon’s newest tech at FinovateSpring in May.
  • SocietyOne launches new investor trust.
  • Portland Business Journal: Tyfone brings credit unions the digital tools members want.
  • Insuritas partners with Nymeo FCU to launch digital insurance agency.
  • NestReady to power integrated homebuying experience for Resource Financial Services.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

EVRY Wins $75 Million Contract

Less than a month after landing a deal worth almost $77 million, Nordic IT company EVRY announced it has inked a $75 million contract with Handelsbanken in Finland.

Under the agreement, which is set to last eight years with an optional two-year extension, EVRY will provide Handelsbanken its complete suite of SaaS core banking and payment solutions, reaching both corporate and private banking customers. This includes internet banking for personal and corporate customers, loan management and back office solutions for Handelsbanken’s employees, and selected card services.

“EVRY’s solution will give us a modern and configurable banking platform with extensive product development capabilities. Modernising our core banking system in this way will enable us to develop more efficient processes and thereby to provide better customer service,” said Nina Arkilahti, CEO of Handelsbanken in Finland.

EVRY has partnered with the Handelsbanken Group in the past. Earlier this year, the company teamed up with Handelsbanken in Norway to launch a wrist-based contactless payments solution. Describing today’s deal, Wiljar Nesse, EVP of financial services at EVRY, named it an “important milestone” for EVRY as it advances the company’s presence in Finland.

EVRY demonstrated its PFM solution, Spendific, at FinovateEurope 2015. With more than 10,000 customers across the private and public sectors and 8,800 employees across nine countries, EVRY is headquartered in Fornebu just outside Oslo. The company is listed on the Oslo stock exchange under the ticker “EVRY AS” and has a market capitalization of $11 billion. Terje Mjøs is CEO.

Finovate Alumni News


  • EVRY Wins $75 Million Contract.
  • Best of Show Winner Voleo to Help Drive Social Trading in Europe.
  • FI.SPAN Raises $4 Million for U.K. and Australia Expansion.

Around the web

  • Sberbank offers clients new strategies for investment life insurance.
  • PaySend launches transfers to bank accounts and Napas cards in Vietnam.
  • Anorak earns a spot in FinSMEs’ Top 10 U.K. Insurtech Startups to Watch in 2019 roster.
  • Intuit relaunches its redesigned ProAdvisor program in the U.S., Canada, and Australia.
  • DataSine and FinovateFall Best of Show winner Golden join the Envestnet | Yodlee Incubator’s latest cohort.
  • API platform provider for banking and insurance NDGIT announces strategic partnership with Synpulse.
  • James Finance, Ocrolus, Hydrogen, and iProov shortlisted for India FinTech Awards 2018.
  • PYMNTS highlights WePay Co-founder Rich Aberman in its latest podcast.
  • Jack Henry & Associates introduces a voice-driven consumer billpay solution.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

EVRY Lands 7-Year Deal Worth $77 Million

Swedish clearing house Bankgirot is outsourcing its IT operations to Nordic tech vendor Evry in a seven-year deal worth $77.1 million (SEK 700 million), writes Tanya Andreasyan of Fintech Futures (Finovate’s sister publication).

Evry says the agreement “will enable Bankgirot to adopt a more dynamic delivery organization and will modernize its technical infrastructure.” The vendor will take responsibility for Bankgirot’s platform operations and will enable the delivery of “simple and efficient payments.” It adds that it “beat strong international competition” to win this contract. The contract can be renewed for up to four years (two years at a time) and also involves 30+ employees of Bankgirot being offered new positions at Evry.

Per Hove, Evry’s new CEO (he was promoted from EVP and head of Evry Norway earlier this month), says his company is pleased Bankgirot “has shown trust” in Evry. “With Evry, we get a strong partner with deep technical and commercial insight that will help us provide quality and efficiency,” explained Bankgirot CEO Jeanette Jäger.

Bankgirot has been operating for nearly 60 years, and processes about six million transactions worth $7.5 billion (SEK 68 billion) daily. It is also behind several fintech and paytech projects in Sweden, including Autogiro, e-invoices, and real-time payments that enable Swish.

Norway-based Evry claims 10,000+ customers across the private and public sectors. “Every day more than five million people in the Nordic region use solutions delivered by Evry,” the company says. The company reported turnover of $1.5 billion (NOK 12.6 billion) in 2017 and has 8,500 employees across nine countries. Among its recent projects is implementing digital workplace services for Norway’s Sparebank 1 Alliance and enabling Google Pay for Norway’s challenger bank Monobank. It has also recently renewed its agreement with DNB for card fraud prevention solutions.

Evry demonstrated its PFM solution, Spendific, at FinovateEurope 2015. Earlier this year, the company teamed up with Handelsbanken to launch a wrist-based contacltess payments solution.

Finovate Alumni News


  • EVRY Lands 7-Year Deal Worth $77 Million.

Around the web

  • Shoeboxed has processed 28+ million documents and receives upwards of 200,000 documents per month from customers through Magic Envelope since launching it in 2007
  • Entrepreneur features how Xsolla helps Fortnite game developers get paid.
  • Lendio recognized as a great place to work for third consecutive year.
  • AlphaPoint, facilitates issuance of digital pound sterling for London Block Exchange, a multi-cryptocurrency exchange.
  • Klarna enters global opportunity with Clas Ohlson partnership.
  • iSignthis receives Visa/Mastercard license.
  • Atom Bank partners with Thought Machine.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Evry, Handelsbanken Launch Wristband-based Contactless Payments

Handelsbanken, Norway’s national payment system BankAxept, and Evry have launched contactless payments from micro bank cards in wristbands, reports Antony Peyton of Fintech Futures (sister publication of Finovate).

According to Evry, Handelsbanken’s customers become the first in Norway to be able to pay contactlessly.

Evry said the micro format bank card is so small it can be put into a wristband, bracelet, watchstrap, key ring or other location that the customer wishes.

It works at all terminals that are ready to accept contactless payments. Handelsbanken, BankAxept and Evry are currently testing the new solution out in Norwegian shops.

“You can, for example, have this small waterproof card in a wristband on the beach so you can buy an ice cream as soon as you get out of the water without having to first fetch your wallet or mobile. We therefore think many people will like this solution and will use it on a day-to-day basis”, said Anthony Brady, manager for cards at Handelsbanken.

No PIN code is required for purchases of up to NOK 200 ($25). The payment is made in under a second and is as “secure as using a normal bank card”.

The micro bank cards will be offered to Handelsbanken’s customers later this year.

Handelsbanken has 49 branches and approximately 750 employees. The bank in Norway is part of Svenska Handelsbanken.

The group has 12,000 employees in over 800 branches across more than 20 countries, and was set up in 1871. Its head office is in Stockholm.

According to BankAxept, eight out of every ten card payments made in shops are made using a BankAxept card.

Since it was started in the early 1990s, BankAxept has been owned and managed by Finance Norway.

Evry demonstrated its PFM solution, Spendific, at FinovateEurope 2015. The Norwegian fintech is a leading supplier of IT services for the financial industry in the Nordics, serving more than 100 banks across the Nordics, the Baltics, and the U.K.

Finovate Alumni News


  • Blackhawk Network Acquired by Silver Lake, P2 Capital Partners in $3.5 Billion Deal.

Around the web

  • FIS partners with Australia’s ME Bank to serve as card platform provider.
  • Finastra launches Future of Banking Center of Excellence at Cyberport in Hong Kong.
  • Swedbank Norway and EVRY renew core banking contract.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


EVRY Announces Five-Year, $18.7 Million Card Deal with Finland’s Aktia Bank

Thanks to a new partnership, EVRY will provide Finland’s Aktia Bank with the “entire value chain for card payments,” including virtual debit and credit cards for the bank’s digital, Aktia Wallet. The agreement is valued at $18.7 million (NOK 150 million) and will last for five years.

Christer Jonsson, SVP of Card for EVRY Financial Services referred to the deal as an expansion of the company’s current relationship with the bank. “Digitalization and new market entrants are creating a need for solutions to be even more personalized and customized,” Jonsson said. “We will help with this through our specialist expertise and thus create digital advantage for Aktia.”

The agreement with Aktia Bank calls for EVRY to deliver everything from physical credit and debit cards to services such as card administration, authorization processing, and transaction monitoring. Virtual cards are also an area of focus for the Finland-based bank, which will be among the first customers of EVRY’s new technology for digitizing cards on mobile devices. “We are working hard to offer new solutions that will make it easier for our customers to manage their finances on a day-to-day basis,” Director of Loans and Cards for Aktia Bank, Anton Tulikoura said, “and this collaboration with EVRY will help accelerate developments in this area.”

Delivering credit and debit cards to more than 100 card issuers in 12 countries, EVRY demonstrated its personal finance solution Spendific at FinovateEurope 2015. Founded in 1962 and headquartered in Oslo, Norway, the company processes up to 250 card transactions per second, issues 25 million cards each year, and monitors more than one billion card transactions every year as part of its fraud mitigation efforts.

Last month, EVRY announced a five-year, IT consulting partnership with Statoil, and extended its IT services agreement with the Confederation of Swedish Enterprise. In August, Danish IT services firm Bankdata chose EVRY’s Cash Management solutions in a $3.75 million (NOK 30 million), three-year deal. And earlier this year, EVRY reported that it would continue IT infrastructure management for Sweden’s central bank, Sveriges Riksbank, for another two years. Björn Ivroth is EVRY’s CEO.

Finovate Alumni News


  •  Luxoft Acquires UNAFORTIS to Broaden Client Base within Financial Services.
  • EVRY Announces Five-Year, $18.7 Million Deal with Finland’s Aktia Bank.
  • OurCrowd Opens Office in Spain, Lays Down Roots with Strategic Partnership.

Around the web

  • Trulioo launches its Global Business Verification service.
  • Diebold partnership with Transguard to expand service and technology offerings in the UAE.
  • Ethiopia’s Cooperative Bank of Oromia goes live with core banking solution from Temenos.
  • Pindrop Security leverages machine learning and a “customer consortium of shared fraudsters” to introduce Pindrop Protect 4.0.
  • Quovo unveils new account authentication solution, Autoverified Micro-deposits.
  • Xero partners with UK fintech Curve to automate expense management.
  • Zopa searches for new borrowers through Saffron Building Society loan partnership.
  • Sberbank, Russia’s Largest Bank, Announces Payment Solution.
  • DefenseStorm Renews SOC 2 Compliance.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

EVRY Inks Five-Year Core Banking Agreement with Fana Sparebank


Core banking and payments are part of the “complete portfolio of solutions” Norway’s EVRY will provide Fana Sparebank as part of a new, five-year partnership. The agreement, eligible for a two-year extension in 2022, is designed to help modernize Fana Sparebank’s offerings to its customers, including an upgrade of the bank’s self-service solutions. Lisbet K. Nærø, CEO of Fana Sparebank, pointed to self-service specifically in talking about the new partnership in a statement. “We want to be where our customers are and to satisfy their requirements, whether in terms of technology, their choice of channel or the time at which they want to use our services,” Nærø said. “It should be easy to be a customer with us.”

With partnerships already forged with SpareBank 1 – an alliance of Norwegian savings banks which, combined, represent the second largest bank in the country ($73 billion in assets, NOK 625 billion) – EVRY has a significant impact on banking in the Nordic region. EVRY has also partnered with Sparebanken Vest (Norway’s third largest savings bank), and other Norwegian banking alliances, with contracts valued at $730 million (NOK 6,240 million). “EVRY has big ambitions for the Nordic market,” EVRY EVP for Financial Services Wiljar Nesse said. “These agreements demonstrate that our solutions are competitive and address the needs of large banks and independent banks alike.”

Founded in 1962 (as “EDB) and based in Oslo, Norway, EVRY demonstrated its PFM technology, Spendific, at FinovateEurope 2011. The company announced an expansion of its partnership with IBM in December, as well as a strategic agreement with Handelsbanken Norway valued at $82 million (NOK 700 million) over the next five years. Björn Ivorth is CEO.