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Accenture To Help Nordea Implement New Core Banking System From Temenos

Technology outsourcing and consultancy company Accenture Plc. (ACN) Friday said it has been selected by Swedish bank Nordea Bank AB (NRDEF.PK), along with Geneva-based software provider Temenos Group AG (TMNSF.PK), to help the bank replace its core banking systems across the Nordics. The move is part of Nordea's broader "simplification" program.

Accenture will help implement the new core banking platform, which will be based on Temenos' core banking software.

Accenture will provide consulting and systems integration services on the program. Services will be delivered through Accenture Core Banking Services, a business service within Accenture's Financial Services operating group.

Jukka Salonen, Head of Group Simplification at Nordea, said, "The new Core Banking Platform is a key part of Nordea's Simplification Program, aimed at meeting the current and future needs of our bank's 11 million customers. The migration to the new platform will be done gradually over the next four to five years."

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