Norwegian consumer credit institution Kredittbanken ASA is pivoting its core infrastructure to a managed cloud model to accelerate product innovation and scale its operations. By selecting FIS® Total Issuing™ PRIME in the Cloud, the institution aims to modernize the systems managing its loans, deposits, and credit cards. This strategic shift, powered by Amazon Web Services (AWS), is designed to replace self-managed deployments with a fully managed service, allowing the bank to focus on customer growth rather than maintaining critical in-house infrastructure.
Kredittbanken Modernizes Core Issuing Systems
Kredittbanken is transitioning its core management systems for credit cards, refinancing, loans, and savings products to the FIS® Total Issuing™ PRIME in the Cloud platform. This move is a central component of a broader core modernization program intended to increase standardization and reduce operational complexity. By utilizing a cloud-based architecture running on Amazon Web Services (AWS), Kredittbanken expects to gain access to the latest PRIME platform releases, automated infrastructure upgrades, and elastic scaling capabilities. The bank is also leveraging the platform's API-first integration features to support its digital-first product strategies. This transition builds upon a long-standing relationship with TSYS, which is now part of FIS. The implementation is intended to provide a more agile foundation, enabling the institution to respond more rapidly to market shifts and regulatory updates through a standardized, managed approach rather than manual, in-house system maintenance.
Scaling Through Managed Cloud Infrastructure
The decision to migrate to a managed cloud environment reflects a growing trend among European and Nordic financial issuers seeking to offload the overhead of running critical infrastructure. Kredittbanken serves as the primary engine for consumer credit products for a network of 69 Norwegian savings banks. For this network, the move to PRIME in the Cloud is positioned as a way to unify customer data across various product lines into a single, cohesive customer view. Lars Nervik, Director of Technology and Data at Kredittbanken, indicated that the shift is intended to allow the firm to redirect expertise toward value-creating activities rather than managing legacy systems. By moving away from self-managed deployments, the institution aims to provide the modern, digital-first credit products that its customers and partner savings banks demand. This transition highlights a strategic preference for platforms that offer regular innovation and compliance updates as a service, rather than requiring constant internal development cycles.
Key Takeaways
- Kredittbanken ASA is migrating its loan, deposit, and credit card management systems to FIS® Total Issuing™ PRIME in the Cloud.
- The new infrastructure will run on Amazon Web Services (AWS) to provide elastic scale and automated upgrades.
- The platform will support Kredittbanken's service to a network of 69 Norwegian savings banks.
FinanceInsyte's Take
In our view, Kredittbanken’s migration signals a decisive move toward "infrastructure-as-a-service" to solve the scalability challenges inherent in managing a massive network of 69 savings banks. By offloading the heavy lifting of core maintenance to FIS and AWS, the institution is effectively trading direct control over hardware for increased speed-to-market. This is a calculated risk common in modern fintech: reducing internal technical debt to prioritize the customer-facing API layer. For the broader Nordic market, this move underscores that maintaining proprietary, self-managed core systems is increasingly viewed as a barrier to the agility required to compete with digital-native challengers.
Questions & Answers
How will this transition impact Kredittbanken's data management capabilities?
The move to PRIME in the Cloud is intended to help Kredittbanken unify customer data across its various product lines, creating a single, integrated customer view for its network of 69 savings banks.
What specific technical advantages does the FIS PRIME platform offer Kredittbanken?
The platform provides automated infrastructure upgrades, elastic scaling, and API-first integration capabilities, all running on Amazon Web Services (AWS) to support digital-first product strategies.
What is the strategic driver behind moving from self-managed to fully managed cloud services?
Kredittbanken aims to reduce complexity and the overhead of running critical infrastructure in-house, allowing its technical teams to focus on product innovation and customer growth rather than system maintenance.
Source: FIS
