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.
By acquiring Samlink, Cognizant will further strengthen its competence in the banking sector and create banking and financial services’ centers of excellence in Finland that will support Cognizant’s ability to serve its customers, particularly in the Nordic countries but equally across Europe. Samlink’s operations will continue both in Espoo and Jyväskylä.
We will be in an even better position to provide our customers with services supporting their businesses.
What does this mean for our customers? Savings Banks Group, Oma Savings Bank Plc and the POP Bank Group will have a modern core banking system based on the Temenos T24 and Temenos Payment Hub software suites that will enhance their processes and accelerate the development of new services. In addition, it is extremely important for Samlink to continue producing the existing services at the current excellent level. As part of Cognizant, one of the world’s leading providers of expert services, we will be in an even better position to provide our customers with versatile and disturbance-free IT services supporting their businesses.
We at Samlink are excited with the opportunity to develop our services on a new basis, and we strongly believe that the arrangement will also be a success story for our customers.
I wish to extend my warmest thanks for 2018 to Samlink’s customers, personnel and partners.
Chief Executive Officer