These future ready abilities can only be delivered with deep expertise in business process operations and developing and implementing intricate banking systems and information technologies. One such layer in the agreement if all regulatory conditions farewell is that, Cognizant will acquire Oy Samlink Ab, the current financial technology service provider owned by Savings Banks Group (42%), Akita Bank PLC (22.56%), Oma Savings Bank Plc (15.45%), Handelbanken (7.53%), Posti Group PLC (5.88%), POP Bank Group (5.24%) and several other minority shareholders. The acquisition is expected to be completed on Apr 1, 2019. He has also worked in several famous financial institution. Cognizant, a Teaneck, New Jersey-based IT multinational corporation, in a recent press release statement announced the acquisition of Meritsoft, a financial software firm headquartered in Dublin, Ireland. More than 10% of Finnish banking deposits and loans will be managed by the new platform, Cognizant stated, adding that it will take on board all the employees of the Nordic firm.Under the agreement, Cognizant will serve as a technology partner for the three banks (Savings Banks Group, Oma Savings Bank, and POP Bank), positioning them to capitalize on the cutting-edge The IT consultancy says the new platform it is going to build will lower the banks’ operational cost, besides helping them launch new products and services more quickly and cost-effectively.“We needed a strategic partner with global scale, and proven success in modernizing banking IT systems and delivering the type of“A secure, cloud-enabled core banking system supports faster roll-out of new features and provides superior customer experiences, while reducing operational lag, providing each bank with new future-ready capabilities,” stated Santosh Thomas, President, Global Growth Markets, Cognizant.Samlink, which has two delivery centers in Finland, is owned by Savings Banks Group (42%), Aktia Bank PLC (22.56%), Oma Savings Bank Plc (15.45%), Handelsbanken (7.53%), Posti Group PLC (5.88%), POP Bank Group (5.24%).Cognizant will set up what it calls ‘center of excellence’ in each major facility of all the three banks.This is the second major deal for cognizant in the Nordic region after its 2016 IT outsourcing contract with Storebrand, a financial services provider.News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business.
Cognizant: acquires Samlink to look after a shared core banking platform Financial details about the acquisition is not disclosed; 10% of Finnish banking deposits and loans will be managed by the new platform; New core banking platform is based on Temenos T24 and Temenos Payment Hub (TPH) 16th July 2020 The new banking systems will reduce overall operating costs and would be a first step towards realizing Finland Banks’ digital transformation goals.One such layer in the agreement if all regulatory conditions farewell is that, Cognizant will acquire Oy Samlink Ab, the current financial technology service provider owned by Savings Banks Group (42%), Akita Bank PLC (22.56%), Oma Savings Bank Plc (15.45%), Handelbanken (7.53%), Posti Group PLC (5.88%), POP Bank Group (5.24%) and several other minority shareholders. 27th July 2020
In order to expand its presence among banking customers globally, Cognizant acquired Finland-based IT management firm Samlink. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
2nd August 2020
List of Cognizant 's 51 Acquisitions, including New Signature and Collaborative Solutions. Operator.
Cognizant Makes Microsoft Cloud Bet With Planned Acquisition Of New Signature. But opting out of some of these cookies may have an effect on your browsing experience.US Government Shutdown Hits Anti-Narcotics Operations in Colombia: ReportThis website uses cookies to improve your experience. 24th July 2020 E.g. 13th August 2020 Roschier represented Cognizant in the acquisition of Oy Samlink Ab from Oma Savings Bank Plc, Savings Banks’ Union Coop, POP Banks, Aktia plc, Posti Group Corporation and Svenska Handelsbanken AB (publ), Branch Operation in Finland and certain minority shareholders.
11th June 2020 Cognizant Expands Nordic Footprint With Acquisition of Samlink.
31st July 2020
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