Fearnley Securities transitions to SaaS trading platform with TietoEVRY

Rick Steves

TietoEVRY is a Finnish IT software and service company with approximately 24,000 employees, active in around 20 countries.

Norway-based investment bank Fearnley Securities has selected TietoEVRY to deliver its new SaaS Securities Trading platform, counting on the firm to ensure the IT behind the securities trading and settlement run smoothly, with capabilities for future scaling. aa

Fearnley Securities has been a long-time customer of TietoEVRY and has used TietoEVRY’s ProBroker on-premise solution for their securities brokerage operation for several years.

Now that it is transitioning to a Software-as-a-Service (SaaS) solution in a private cloud, Fearnley reached out again to the fintech firm.

Olav Amlie, Deputy CTO at Fernley Securities, commented: “We want to take full advantage of cloud and outsource applications like ProBroker.

“We reviewed the market for other alternative vendors and solutions but decided to stay with ProBroker as it continues to represent the best fit for our needs.

“Now, moving over to a SaaS agreement with TietoEVRY, our IT team can concentrate on the areas where they have more expertise and can add more value. By taking this step into the cloud, we also expect to become more agile and efficient in our operations”, he concluded.

Dag Hasvold, Head of Equities, Funds & Savings within Wealth at TietoEVRY, said: “Moving to the cloud will provide Fearnley Securities with a more flexible and scalable solution that removes the need for managing and updating software and hardware. With hosting removed from the equation, focus can be put on end customers and exploring new digital opportunities, which is in line with Fearnley Securities ambition.

“TietoEVRY is proud to be given the trust form Fearnley Securities for operating their securities trading platform in the years to come. Fearnley Securities has been an important member of our customer community for many years, and this agreement confirms our market leading solution combined with our supporting services and local expertise makes this a winning formula.”

ProBroker SaaS supporting securities trading, clearing and settlement, servicing both retail and institutional flows. Part of TietoEVRY’s Wealth Platform, ProBroker SaaS enables customers to expose their services through digital channels and benefit from the growing partner-network to the platform via open APIs.

TietoEVRY is a Finnish IT software and service company with approximately 24,000 employees, active in around 20 countries.

Read this next

blockdag

BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.

blockdag

Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets

Pump.fun exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform pump.fun, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.

<