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.

Finovate Alumni News

On Finovate.com

  • Fintech Favorites: Token and Fidor Pilot Payments Project; Meet Miss Kaya: Singapore’s First Women-Centered Robo Advisor.
  • EVRY Inks Five-Year Core Banking Agreement with Fana Sparebank.

Around the web

  • Alfa Bank and S7 Airlines test service payment transaction processing using blockchain-based smart contracts.
  • WalesOnline recognizes Wealthify in its feature on Welsh firms “likely to have a very good 2017.” Join Wealthify in London for FinovateEurope in February.
  • The Wild Wong looks at money saving strategies with Qapital.
  • PwC and Supply Chain Finance Community launch SCF Barometer to better understand the development of supply chain finance industries.
  • FinTecSystems opens office in Spain. See FinTecSystems at FinovateEurope in London in February.
  • North Dakota State University using Passport for campus parking.
  • Nerd Wallet names Wealthfront and Betterment best overall robo advisors.
  • India-based Axis Bank to use Ripple’s network for cross-border transactions.
  • NopSec named finalist in 13th Annual Info Security PG’s 2017 Global Excellence Awards.

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.

Finovate Alumni News

On Finovate.com

  • “Hip Pocket Closes $150k Round of Funding”

Around the web

  • German consumer goods manufacturer selects end-to-end AP automation solution from Top Image Systems.
  • Wipro teams up with Microsoft Accelerator.
  • Evry signs $83 million deal with Handelsbanken.
  • Business Insider features Betterment’s new business offering.
  • DAVO Technologies partners with ABC Financial.

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

Finovate Alumni News

On Finovate.com

  • Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator.

Around the web

  • Lending Stream leverages Decision Management Suite from FICO to build new credit platform.
  • EVRY wins six-year contract extension with Sparebank 1, an alliance of 16-strong Norwegian savings banks.
  • SEB partners with Ripple to build blockchain-based real-time payments system.
  • Wipro launches Open Banking API platform.
  • Riyaz Ladiwala joins Heckyl as CEO for India operations.
  • Guardian Analytics introduces Guardian Analytics Sentinel Treasury Management for fraud protection.
  • Linkable Networks launches platform enhancements to enable retailers to verify purchases.
  • Staples to leverage Tuition.io for student loan repayment benefit option.
  • ProActive launches its 2.0 back end.
  • How Filene and Larky’s Mobile Rewards Pilot Will Promote Stronger Member Loyalty.

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.

Finovate Alumni News

On Finovate.com

  • Welcome to Day 2 of FinDEVr Silicon Valley
  • FinDEVr Silicon Valley: Celebrating the Best of the Builders

Around the web

  • FinDEVr alum Thinking Capital launches Lucy, an AI-powered chatbot for small business borrowers.
  • Narrative Science forges strategic partnership with Deloitte to promote broader adoption of advanced NLG technology.
  • AdviceRobo launches Seedrs crowdfunding campaign as part of U.K. growth plan.
  • CME Group to deploy TickVault from TickSmith to improve access to historical data.
  • New mobile app from Azimo enables money transfers via Siri, among other enhancements.
  • FIS introduces unified mobile payments solution, BuyWay.
  • FinDEVr alum Symbiont unveils SDK for Assembly, a distributed ledger for use in institutional finance.
  • EVRY licenses G&D Convego CloudPay from Giesecke & Devrient to offer NFC, HCE mobile payments.
  • FinDEVr newcomer Smartwave announces its first banking client, Societe Generale Serbia.

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.

Finovate Alumni News

On Finovate.com

  • Lleida.net Calls New Patent a Turning Point.

Around the web

  • EVRY launches cloud services with global capacity and secure data storage in Norway.
  • IBM to provide new real-time payments systems for The Clearing House.
  • Prosper Marketplace reports its 2016 portfolio is on pace for its highest estimated return since 2013.
  • Fiserv rings opening bell on Nasdaq to celebrate 30 years on the exchange.
  • Chubb and Nationwide launch several core products on the Insuritas SmartCART platform.
  • Lendio partners with Supplier Success to offer working capital to its clients.
  • Oracle names SuiteBox among platform innovation winners.
  • TIO Networks makes Canada’s 2016 PROFIT 500 list with five-year revenue growth of 125%.
  • Guardian Analytics partners with The Pathfinder Group to streamline real-time wire-fraud prevention for wire-transfer system customers.
  • BBC article names Featurespace one of the notable tech companies headquartered in the city.

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 Launches Spendific, A Personal Trainer for Your Finances

EVRY_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Making its way to the stage now is the team from EVRY with its personal financial management tool, Spendific.

EVRY is a leading IT company in the Nordics, offering a broad portfolio of solutions to a wide range of industries. EVRY has some 10,000 employees and reports annual turnover approaching 1.5 billion euros. The company operates from headquarters in Oslo, Norway.

Through the business area of financial services, EVRY covers all the core processes involved in banking. With a combination of extensive industry experience and customer-centric approach, we are contributing to transforming and simplifying banking and payment services, as well as many services that are important and beneficial for society.


Presenters: Anne Moa, product developer, and Magne Meldal, business developer

Product launch: February 2015
Product distribution strategy: Through financial institutions
HQ: Oslo, Norway
Metrics: 10,000 employees
Website: evry.com

FinovateEurope 2015 Sneak Peek: Part 3


We’ll be in London three weeks from today, where drinks will be served, networking will be in full force, and we’ll be wrapping up the first day of FinovateEurope 2015 (get your ticket here).


To help you prepare for the onslaught of 70+ live demos full of new technology, some of the presenters provided us a summary of what to expect from them on stage. This week, we’re featuring CoinJarEVRYFOBISSStrandsTrunomi, and VATBox:

Don’t miss previous posts:


CoinJar is a digital finance platform that gives customers a way to manage and spend both traditional and digital currencies when and how they want.


    • Store bitcoin without volatility 
    • End-to-end solutions to make bitcoin adoption easy 
    • Buy bitcoin reliably with a simple interface

Why it’s greatCoinJarPresenters.jpg
CoinJar provides end-to-end solutions to unlock Bitcoin’s potential.


Asher Tan, CEO and Co-Founder
Economic Analyst. Researcher. Bitcoiner.

Ryan Zhou, COO and Co-Founder
Rubyist. Student at University of Melbourne. Bitcoiner.


EVRY is the Nordics’ leading financial service provider and is presenting Spendific, a concept designed to make personal finance simple.


    • Automatically generates personalized budget based on previous spending
    • Gives users feedback on their finances in real-time
    • Motivates users to reach their goals

Why it’s great
In Spendific there are no complicated graphs or charts to tell you whether you’re on track with your finances. Just one number. No worries.



Anne Moa, Product developer
Moa has previously worked as a youth economist in a large Norwegian bank, with responsibility for the bank’s main channel of communication towards young people.


Magne Meldal, Business developer
Combining two decades of technology and marketing experience with an open mind, Meldal is passionate about bringing better financial services to consumers.


FOBISS is a first modern tool enabling retail banks to manage their entire cash supply chains with one button click.


    • Automates optimization and decision-making
    • Based on Artificial Intelligence technologies
    • Can be flexibly adapted to existing processes

Why it’s great
The industry’s first and only cash management system empowered by Artificial Intelligence and driving best decisions on time.



Mindaugas Leonavicius, Managing Director
Leonavicius has more than 10 years of experience in management consulting. Led multiple businesses through start-up phases from establishment to breakeven.


Andrius Ojeras, Global Sales Director
Ojeras is an IT Sales professional with more than 10 years of experience within multinational IT organizations.


Strands designs and creates next-generation digital banking experiences to help individuals and SMEs manage their finances.


    • Help SMEs analyze and forecast future financial needs
    • Empower SMEs to deliver targeted marketing campaigns on mobile devices
    • Help banks address the digital banking needs of business owners

Why it’s great
With Strands Loop, financial institutions can create a more seamless and personal banking experience and build better relationships with their SME clients



Dario Lombardi, General Manager, Strands Finance
Lombardi leads the Finance BU. He joined Strands in 2011 as Business Development Director and has been responsible for managing sales in EMEA. Prior to Strands, he worked for Bloomberg LP


Cesar Jimenez Richardson, Director, Business Development
Richardson joined Strands in 2014 and is managing Strands Finance in the Americas. Previously he founded and managed tech startup companies in travel and education tech arena and worked for Bloomberg LP


Trunomi offers an innovative technology platform that streamlines Know Your Customer and mobile verification using a revolutionary consent-based data sharing platform.


    • TruMobile securely connects customers with banks.
    • Monetises and personalises your customer’s data experience.
    • Streamlines verification KYC using a revolutionary consent-based data sharing platform.

Why it’s great
A customer-focused mobile solution that eliminates their most significant pain-points; making their account opening and data management experience simple, secure and easy.



Stuart Lacey, Founder & CEO
Lacey is an innovator, team-builder and thought leader. Sometimes mistaken for the Energizer Bunny – he is relentless in his drive to find better ways to learn, build, nurture and share great ideas.


Chia Brewin, Customer Development Executive
Brewin is a multi-tasking, Trunomian super-star. She attended University in the UK, helped run campaigns for major political parties then earned a black belt in the “Art of Customer Development”.


VATBox is the first, cloud-based automated solution for Foreign/Domestic VAT recovery, providing data-driven visibility and insights while maximizing VAT returns.


    • Eliminate human-error and resources with automated VAT technology
    • Gain complete visibility, compliance and control of VAT spend
    • Benefit from VAT recovery optimization, maximizing refunds

Why its great
VATBox’s Automated VAT recovery solution enables customers to have one global process that tracks and manages VAT spend with ease, and to maximize VAT refunds.



Isaac Saft, Co-Founder & CEO

    • 2012 – 2013 – President and Global Business Development, KCS Ltd
    • 2004 – 2012 – Founder and Chief Executive Officer, KCS Ltd
    • 1994 – 2003 – Commanding Officer, Israel Defense Forces


Stephen Coleclough, Advisory Board Member
Coleclough is a Tax Consultant in Mishcon de Reya’s Tax Group with over 30 years’ experience in tax and law. He was formerly a Partner and Global Leader of Indirect Taxes at pwc.

FinovateEurope will be held February 10 & 11 in London. Pick up your ticket today to save your seat at the hottest fintech event of the year.

Questions? Check out our FAQ for some answers.

Alumni News– December 23, 2014

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  • The Tech Bulletin profiles Heckyl Technologies.
  • Sonavation announces acquisition of assets of Arkami.
  • Chelsea State Bank launches Larky-powered mobile app.
  • EVRY announces a four-bank, $160 million payments partnership.
  • Kashoo unveils version 4.1 of its cloud accounting and bookkeeping app for iOS. 
  • Walmart to distribute GreenDot prepaid products in 2015.
  • BMO Financial Group’s deployment of Xignite Enterprise wins American Financial Technology Award.
  • IT Qlick takes a look at Jwaala Personal Financial Manager and roomMaster.
  • CashStar teams up with Spafinder Wellness.
  • NY Times DealBook looks at disruptive startups in fintech including Lending Club, On Deck, and TradeKing.
  • Forbes.com column on how companies stand out from the crowd features Silanis Technology.
  • Jemstep to power Redhawk Online Advisor.
  • Continuity Control taps Peter Rawlinson as Chief Marketing Officer.
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 Four-Bank, $160 Million Payments Partnership


Five years. Four banks. And one very big deal for EVRY.

In an agreement announced today, EVRY will provide payment and core banking services for four Norwegian banks: Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank and Gjensidige Bank. The five-year partnership is valued at NOK 1.2 billion, or more than $160 million USD.

According to EVRY CEO Terje Mjøs, the deal is a culmination of the work his company has done with these banks for years. “This is an important milestone in our strategic investment in developing and delivering next generation core banking and payment solutions,” he said.
Added Geir Bergskaug, Sparebanken Sør CEO, “Investing in next generation core banking and payment services is an important strategic step. The contract will ensure that we have a flexible and cost-effective infrastructure, which will also mean we can take new services to the market more quickly.”
One of the largest IT companies in the Nordic region, EVRY provides IT services for more than 14,000 private and public customers, reaching more than 4 million in the Nordics. Earlier this year, the company signed payment deals with two other Norwegian banks – SpareBank 1 Alliance and Sparebanken Vest – part of an aggressive push to expand its presence in the region.
EVRY will make its Finovate debut in next February at FinovateEurope. For more information about the upcoming conference in London, check out our FinovateEurope 2015 page.