Norwegian banks sign up to $157m payment technology contract

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Nordic IT company EVRY has landed a NOK 1.2 billion ($157m) contract to supply four Norwegian banks with payment services.

The contract, which will run for five years, aims to improve the banks’ digital offerings, and also marks the renewal of core banking and payment services supplied to them by EVRY. Sparebanken Sør, Sparebanken Sogn og Fjordane, Helgeland Sparebank and Gjensidige Bank have all signed up for the services.

Terje Mjøs, CEO of EVRY, said in a statement: “Our collaboration with these four banks has developed over many years, and we are very proud to have received a renewed vote of confidence from them.”

Last year, the company also signed similar agreements with SpareBank 1 Alliance and Sparebanken Vest, at a value of NOK 4 billion ($523m).

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