• ANNUAL REPORT 2018

  • Customers appreciate ease and reliability

  • We understand the challenges of business

  • Success is built by everyday work

  • We have strong roots and solid expertise

  • Employer with a positive energy

Review by the CEO

TOWARD NEW CHALLENGES

In 2018, we implemented several projects to enhance our customers’ businesses, and the availability of our production was maintained at an excellent level. The ongoing negotiations on Samlink’s new role were concluded at the beginning of 2019.

In January 2019, Samlink’s shareholder banks and Cognizant announced significant news: Cognizant will deliver a new core banking system to Savings Banks Group, Oma Savings Bank Plc and the POP Bank Group, and as part of the agreements concluded with the banks, Cognizant will acquire Samlink, the current provider of IT services to the banks. The transaction will still need the approval of competition authorities.

GROUP KEY FIGURES

103.1 MEUR

NET SALES

In 2017 the figure was
100.6

10.5 MEUR

OPERATING PROFIT

In 2017 the figure was
6.8

64.2%

EQUITY RATIO

In 2017 the figure was
64.1

452

NUMBER OF PERSONNEL

In 2017 the figure was
454

The core banking reform project will continue for several years.

We have carried out several important customer projects.

SUMMARY OF 2018

The core banking system reform project started late in the year. Most of the implemented and initiated projects are related to public authority requirements and the development of digital services for customers.

Samlink has been preparing for the extensive core banking system reform project for several years. The final product selections were made during 2018 to be used as the basis for constructing the new system. The products of software vendor Temenos played the main role. Training for Temenos software suites started at the end of the year, with many projects for streamlining the migration from the current system to the new one. The core banking reform project will continue for several years.

STORIES FROM 2018

Samlink is a good place to work, and the personnel has also let us hear this.

Outlook for the future

COGNIZANT HAS SIGNED AN AGREEMENT TO ACQUIRE SAMLINK

The agreement, signed in January 2019, will still need the approval of competition authorities. Once the transaction is confirmed, an integration process will start, with Samlink simultaneously developing a new core banking system for Savings Banks Group, Oma Savings Bank Plc and POP Bank Group.

Cognizant is one of the world’s leading providers of expert services. The company is number 195 on the Fortune 500 list and is also included in lists of the most respected companies in the world. The acquisition of Samlink will further enhance the capabilities of Cognizant in the banking sector and expand its operations and network of service centers in the Nordic countries. The transaction will also provide good prerequisites for the continued growth of Samlink, new customer accounts and creating new services for customers in many different sectors.

INDICATORS REGARDING PERSONNEL

GENDER DISTRIBUTION, %

    AVERAGE NUMBER OF EMPLOYEES

      YEARS OF SERVICE, %

        In 2018, the first bots were taken into production at Samlink.

        Management Team 2018

        MANAGEMENT TEAM OF SAMLINK GROUP

        Pentti Unkuri

        CEO
        born in 1961
        Master of Science in Technology

        Juha Leinonkoski

        Director, Product and Development Services,
        born in 1964
        Master of Science in Economics

        Maarit Kuuri

        Lawyer and Secretary of the Management Team
        born in 1962
        Master of Laws with court training

        Markku Siikala

        Sales Director
        born in 1970
        Master of Science in Technology

        Matti Särkkinen

        Director, Finance and HR
        born in 1962
        Master of Economic Sciences

        Sami Suuronen

        Director, Competence Center
        born in 1973
        Bachelor of Engineering

        Päivi Vikström

        Director, Service Production
        born in 1960
        Master of Laws

        Soile Alanen

        Account Director and member of the extended Management Team
        born in 1964
        Holder of a Vocational Degree in Business and Administration

        Tiina Uittomäki

        Technical Adviser and personnel representative in the extended Management Team
        born in 1963
        Holder of a Vocational Degree in Business and Administration

        THE OWNERS OF SAMLINK 2018

        Savings Banks Group 42%
        Aktia Bank Plc 22.56%
        Oma Savings Bank Plc 15.45%
        Handelsbanken Finland 7.53%
        Posti Group Plc 5.88%
        POP Bank Group 5.24%
        Others 1.35%

        Board of Directors 2018

        BOARD OF DIRECTORS OF SAMLINK GROUP

        Tomi Närhinen

        Chairman of the Board of Directors
        Board member 2017–
        born in 1965
        Master of Science in Economics and Business Administration
        Chief Executive Officer
        Savings Banks’ Union Coop

        Magnus Weurlander

        Board member 2013–
        born in 1964
        Master of Science in Economics and Business Administration
        Director, member of the Group Management Team
        Aktia Bank Plc

        Sari Helander

        Board member 2018–
        born in 1967
        Master of Science in Economics and Business Administration
        Director, logistics
        Posti Group Plc

        Pekka Lemettinen

        Board member 2017–
        born in 1972
        BBA
        Chief Executive Officer
        POP Pankkiliitto osk

        Tero Niemi

        Board member 2018–
        born 1977
        Master of Social Sciences, MBA
        Operative Manager
        Savings Banks’ Union Coop

        Sirpa Pensas

        Board member 2015–
        born in 1969
        Master of Science in Economics and Business Administration
        Development Director
        Handelsbanken Finland

        Pasi Sydänlammi

        Board member 2015–
        born in 1974
        Master of Administrative Sciences, MBA
        Chief Executive Officer
        Oma Savings Bank Plc

        Juhani Strömberg

        Vice Chairman of the Board of Directors
        Board member 2011–
        born in 1953
        Doctor of Science in Technology

        As part of Cognizant, we will be in an even better position to provide versatile and disturbance-free IT services.

        FINANCIAL INFORMATION FOR 2018

        Expertise, passion, technology – Leading solutions for the success of our finance sector customers.

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