Banks in the Nordics Look to Technology Service Providers to Help Consolidate ‘Spaghetti’ IT Systems

ISG Provider Lens™ report finds Nordic banks also focused on improving customer experience

STOCKHOLM, Dec. 17, 2020 (GLOBE NEWSWIRE) — While banks in the Nordic region are ahead of the curve in adopting new technologies, some large banks there are running legacy “spaghetti” IT systems after acquiring competitors, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider LensBanking Industry Ecosystem Report for the Nordics finds banks in the region looking to technology service providers to help them manage and consolidate multiple core IT systems in a cost-effective manner.

“Untangling these legacy spaghetti systems will be a significant challenge for several large banks in the Nordics,” said Jan Erik Aase, director and global leader, ISG Provider Lens Research. “This creates significant opportunities for…

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