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Sparebanken Møre and EVRY extend their collaboration

December 21, 2015 - London

(Oslo, 21 December 2015) EVRY and Sparebanken Møre in Norway are extending their agreement so that EVRY, in addition to delivering banking and IT operating services, will deliver next-generation core banking and payment solutions. The agreement represents total contract value of NOK 185 million over the life of the contract.

Next-generation core banking and payment solutions will give Sparebanken Møre greater flexibility in a rapidly changing market. The new solutions meet the bank's need for simplification and cost-efficiency, and will make it even better equipped to satisfy its customers' expectations for the user experience to be more personal and digital.

The new agreement runs to end of December 2019, with an option to extend for a further two years.

Wide-ranging, close collaboration
Over the last few years Sparebanken Møre has digitalised everyday banking for its customers by introducing a new and improved online banking solution, a customer dialogue service using Facebook and the option to hold customer meetings via video link. The bank's loan management system has also been replaced and now has greater functionality, which is one of several measures that have provided customers with a greater degree of self-service when using its internet banking service. Both the bank and its customers benefit from and are pleased with these solutions.

"In EVRY we have a collaboration partner that thinks long-term and understands our needs and ambitions. Our digitalisation work is continuing full-speed ahead, while we are also striving to be the best at providing a personal service. The agreement we have now entered into with EVRY will give us an efficient platform for modern banking operations, with digital solutions that will enable us to meet future customer requirements", comments Olav Arne Fiskerstrand, CEO of Sparebanken Møre.

"Sparebanken Møre is a well-run, cost-efficient bank with a strong profit margin. This is testament to how well the bank is managed and to how its systems facilitate efficient banking operations. The bank is strongly focused on achieving greater efficiency and automation, as well as focus on the security area. We are proud to have been chosen as a collaboration partner at a time when Sparebanken Møre is transitioning to next-generation core-banking and payment solutions", comments Wiljar Nesse, EVP for Financial Services at EVRY.

Success in the savings bank segment
EVRY has so far entered into similar delivery agreements for next-generation core banking and payment solutions with the SpareBank 1 Alliance, Sparebanken Vest, Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank, Gjensidige Bank and De Samarbeidende Sparebankene (an alliance of nine savings banks that have a joint collaboration agreement). The contracts have a combined total value of approximately NOK 4,540 million. 

"We are having a good deal of success in the savings bank segment, and this expanded agreement with Sparebanken Møre is a good example of how our core banking and payment solutions are suitable for large and small banks alike", explains Wiljar Nesse.

EVRY is establishing its new core banking solution as a service platform using industry-standard components. The development strategy and implementation methodology are firmly based on the company's involvement in the Banking Industry Architecture Network, of which EVRY is the only Nordic member. Modern architecture and standards, including ISO 20022, ensure that the solutions are flexible, cost-efficient and adapted to international requirements.

About the delivery
EVRY delivers a complete portfolio of banking solutions that support Sparebanken Møre's core banking services including deposits, financing, cards and payment management, accounting and reporting, message distribution, customer dialogue services, self-service channels and solutions for bank branches. EVRY also provides operations for all the bank's solutions as well as for its infrastructure. The agreement also includes delivery of a CRM solution for superior customer follow up.

Contact persons:

Wiljar Nesse, EVP Financial Services, EVRY. Tel. +47 934 48 116
Viola Hellström, VP Communications Financial Services, EVRY. Tel. +46 73 708 1727
Olav Arne Fiskerstrand, Chief Executive Officer, Sparebanken Møre. Tel. +47 900 18 299
Bjørn Petter Haugen, IT Manager, Sparebanken Møre. Tel. +47 970 10 714

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 Sparebanken Møre

Sparebanken Møre is the leading provider of financial services in the county of Møre and Romsdal, and has total assets of NOK 59.6 billion, 390 full-time employees and 30 offices. The bank has over many years built up a high level of expertise in the county in relation to the private and business markets, as well as in the equity, fixed income and currency markets. In conjunction with its subsidiary, Møre Eiendomsmegling AS, Sparebanken Møre is a full-service bank for private individuals, businesses and public sector organisations in Møre and Romsdal.

Press release EVRY Sparebanken Møre
Wiljar Nesse EVP Financial Services EVRY

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVRY via Globenewswire



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