Correction: Bonum Bank Plc: POP Bank Group renews its core banking platform

Bonum Bank Plc Stock Exchange Release 24th January 2019 at 16:15 CET

Correction: Bonum Bank Plc: POP Bank Group renews its core banking platform

Correction: the transaction is conditional upon acceptance of Ministry of Economic Affairs and Employment of Finland, not Finnish regulatory and Financial Supervisory Authority as said before.

POP Bank Group selects Temenos T24 and Cognizant to transform its core banking technology onto a modern platform. The investment is one of the largest in POP Bank Group’s history. POP Banks are well known for having the most satisfied retail customers in Finland.

POP Bank Group renews its core banking platform together with Savings Bank Group and Oma Savings Bank Plc. The project starts in 2019 and completes in 2021.

Cognizant will design, implement and operate a shared core banking platform to enable digital transformation. As a part of the agreement, signed on 23rd of January 2019, Cognizant will acquire 100 % of Oy Samlink AB’s shares. The transaction has no impact on POP Bank Group’s financial result in 2019.

 The transaction is conditional upon acceptance of Ministry of Economic Affairs and Employment of Finland.

‒ The new platform is an essential part of POP Bank Group’s simplification program. It builds a solid foundation for fully digital banking operations and improves significantly our operational efficiency and agility. Our goal is to provide seamless customer experience in every service channel, says CEO Pekka Lemettinen, POP Bank Alliance Coop.

 

Additional information:

CEO Pekka Lemettinen, POP Pankkiliitto osk Phone: +358 40 503 5411,
email: pekka.lemettinen@poppankki.fi

Distribution:

Nasdaq Helsinki Oy
Main media
www.poppankki.fi

 

About the POP Bank group

The POP Bank Group is a Finnish financial group that offers retail banking services to private customers, small companies and agricultural and forestry companies, as well as non-life insurance services to private customers. In addition to healthy and profitable business, the objectives of the cooperative-based POP Bank Group emphasise the development of the customer experience.

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

Bonum Bank briefly

Bonum Bank provides clearing, settlement and treasury services for POP Banks. Bonum Bank is an internal bank in the POP Bank group. As a central credit institution it provides banking services for other POP Banks hence reducing need for outside service providers. The objective is to provide necessary central bank services for POP Banks and later extend the services when needed.

Bonum Bank is supervised by the Financial Supervisory Authority, Snellmaninkatu 6, PO Box 103, FI-00101 Helsinki, (Tel) +358 9 183 51, www.finanssivalvonta.fi.

The bank is a member of the Federation of Finance Finland, address Itämerenkatu 11-13, FI-00180 Helsinki, www.finanssiala.fi/en

Owners

POP Bank Centre based in Espoo is the central organization of the POP Bank group being the group's advocacy and support unit. The group consists of independent POP Banks operating in different parts of Finland.

POP Bank Group was established in 1997 to pursue truly independent local cooperative banking and activities in favor of its members and their clients. POP Bank services cover individual customers, small and medium-sized enterprises as well as farmers and forest owners providing them payment solutions, cards, savings and investment products as well as financial services.

Contact

Cards

Please note that we can not comment on customer related information by email. For Visa Credit related inquiries please contact Visa customer service. For Visa Debit related inquiries please contact your own POP Bank. You can find contact details for your own POP Bank at www.poppankki.fi.

Visa customer service

Tel. +358 (0)9 6964 6012

Card Block service (24H)

Tel. +358 20 333

 

 

 

 

Contact

Switchboard

Tel. +358 (0)10 667 3000

Back office

Tel. +358 (0)10 667 3030

backoffice.bonumpankki (at) poppankki.fi

Treasury

Tel. +358 (0)10 667 3010

treasury.bonumpankki (at) poppankki.fi

News

Correction: Bonum Bank Plc: POP Bank Group renews its core banking platform

Bonum Bank Plc Stock Exchange Release 24th January 2019 at 16:15 CET

Correction: Bonum Bank Plc: POP Bank Group renews its core banking platform

Correction: the transaction is conditional upon acceptance of Ministry of Economic Affairs and Employment of Finland, not Finnish regulatory and Financial Supervisory Authority as said before.

POP Bank Group selects Temenos T24 and Cognizant to transform its core banking technology onto a modern platform. The investment is one of the largest in POP Bank Group’s history. POP Banks are well known for having the most satisfied retail customers in Finland.

POP Bank Group renews its core banking platform together with Savings Bank Group and Oma Savings Bank Plc. The project starts in 2019 and completes in 2021.

Cognizant will design, implement and operate a shared core banking platform to enable digital transformation. As a part of the agreement, signed on 23rd of January 2019, Cognizant will acquire 100 % of Oy Samlink AB’s shares. The transaction has no impact on POP Bank Group’s financial result in 2019.

 The transaction is conditional upon acceptance of Ministry of Economic Affairs and Employment of Finland.

‒ The new platform is an essential part of POP Bank Group’s simplification program. It builds a solid foundation for fully digital banking operations and improves significantly our operational efficiency and agility. Our goal is to provide seamless customer experience in every service channel, says CEO Pekka Lemettinen, POP Bank Alliance Coop.

 

Additional information:

CEO Pekka Lemettinen, POP Pankkiliitto osk Phone: +358 40 503 5411,
email: pekka.lemettinen@poppankki.fi

Distribution:

Nasdaq Helsinki Oy
Main media
www.poppankki.fi

 

About the POP Bank group

The POP Bank Group is a Finnish financial group that offers retail banking services to private customers, small companies and agricultural and forestry companies, as well as non-life insurance services to private customers. In addition to healthy and profitable business, the objectives of the cooperative-based POP Bank Group emphasise the development of the customer experience.

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

Bonum Bank Plc

Hevosenkenkä 3

FI-02600 Espoo

Tel. +358 (0)10 4233 710

firstname.lastname@poppankki.fi

Business identity code 2192977-5

BIC/SWIFT Address: POPFFI22