Backbase, an Amsterdam-based banking platform provider, has announced a strategic partnership with Helsinki-based Siili Solutions, a digital transformation company with a strong presence in the Nordic region.
This collaboration aims to enhance financial institutions’ ability to address the specific needs of the Nordic market by combining global banking technology with local expertise.
As banks in the Nordic region seek to modernise their services, the partnership integrates Backbase’s banking platform with Siili’s regional knowledge and AI capabilities.
This approach allows banks to accelerate digital transformation while maintaining control over their strategic direction.
Jonas Qvarfordt, Regional Sales Director at Backbase, stated,
“The Nordic region represents a key market in our global growth strategy. Partnering with Siili Solutions, recognised for their outstanding track record in digital transformation and practical AI implementation, strengthens our ability to serve Nordic financial institutions. Together, we’re uniquely positioned to help banks break free from legacy constraints and build their business around customer needs.”
The partnership provides several advantages for Nordic banks.
It enables faster deployment of modern banking solutions through pre-built applications, supports local implementation needs with advanced banking technology, and enhances personalised customer experiences across digital channels.
Additionally, the collaboration facilitates practical AI strategies, speeds up the introduction of new products and services, and reduces overall costs through platform consolidation.
Olli Sorvari, Director of the Finance Business Unit at Siili Solutions, emphasised the importance of this transformation for Nordic banks.
“Nordic banks are actively seeking ways to break free from legacy constraints and deliver the seamless, personalised experiences their customers demand,”
he said.
“Backbase’s Banking Platform provides the perfect foundation for this transformation, offering both the comprehensive functionality and flexibility needed to create truly differentiated banking experiences.”
“When combined with our deep understanding of the Nordic market and expertise in AI implementation, we can help banks achieve their digital ambitions faster and more efficiently than ever before.”
Beyond the Nordic region, the companies plan to extend their collaboration to Central Eastern Europe.
With Backbase supporting over 150 financial institutions globally and Siili bringing in-depth local expertise, the partnership provides banks with access to global banking technology alongside regionally focused support.
Featured image credit: edited from freepik
