Facilitating access to social welfare for Norwegian citizens in need
Husbanken plays a pivotal role in Norwegian society: in 2019 alone, the State Housing Bank approved loans, grants and support funds worth NOK 27 billion to help ensure every citizen has access to safe, secure housing. As part of a long-term efficiency drive, Husbanken recently launched a digital transformation program and will work with Temenos business partner Syncordis to replace its legacy core banking systems with pre-integrated Temenos Transact and Temenos Financial Crime Mitigation solutions. The Temenos platform will enable the bank to detect fraudulent claims quickly and efficiently, replace time-consuming back-office workflows, and accelerate loan processing and approvals, ensuring Norwegian citizens in need receive vital welfare faster.
“In order for us to extend our reach and process greater volumes of loans, we needed a core banking product that could underpin our digital transformation and drive significant efficiency gains. Temenos Transact will transform and simplify our operations, and help us deliver enhanced digital services to our customers.”Anders Jørgensen, Director of Digitalisation, Husbanken