Part of the Telia Company, one of the leading telcos in Scandinavia, Telia Finance helps 24 million retail and corporate clients purchase mobile phones, laptops and tablets. To drive growth of its customer base and development of new lending products, the finance company will deploy Temenos T24 Transact. The bank is aiming to go live on a single instance of the core banking platform in four key Nordic markets within 12 months. The Temenos platform will enable the company to cut time to market for a range of lending services tailored to customer demand, and will help to accelerate the loan approval process. For example, Telia Finance will be able to complete eligibility checks on handset loans in under a minute, ensuring clients enjoy a first-rate experience.
“We have a heritage of being at the forefront of technology and innovation to better serve our clients. We want to make it possible for each of Telia Company’s customers to find exactly the right solution to suit their requirements both now and in the future. We selected Temenos software so we can offer our customers innovative and competitive finance solutions tailored to their needs. Temenos’ cutting-edge technology will allow us to reduce time-to-market for a multitude of finance solutions for our retail and corporate clients, and enhance our levels of service. In the future, we will be able to quickly perform eligibility checks and approve, for example, a handset loan in less than a minute.”Marcus Söderberg, COO
Telia Finance selects Temenos for its digital banking services
Telia Finance will introduce innovative finance services to its 24 million retail customers