DnB NOR Finans chooses Banqsoft for the administration of their leasing and loan portfolios

DnB NOR Finans is one of the largest finance companies in the Nordic region with total assets of more than NOK 52 billion, managing 360 000 customers loan and leasing contracts. They are presently operating out of offices in all major Scandinavian cities as well as a number of regional centers.

DnB NOR Finans is offering their products and services to private customers, industry and public sector. In the private market they enjoy a dominant position within the car financing market with more than 240 000 financed vehicles in the portfolio. Industry and public sector is offered a broad number of products including ICT-financing, vehicle fleet management and factoring.

DnB NOR Finans business idea is to give its clients a strong local presence combined with a full range of services. This approach has resulted in a hefty growth during the last few years partly through acquisitions. As a consequence of this policy the total portfolio is today being operated on a number of different back office systems.

When DnB NOR Finans started to look for a common platform for their combined portfolio, it was, according to their IT-development manager; Per Axelsen, of vital importance to find a supplier with the ability to offer a complete product specter in a multiple country environment. It was equally significant to find a supplier that was committed to handle the expected future growth of their business.

The agreement with DnB NOR Finans entails an almost complete range of products from Banqsoft including the back office solution CoreView, our front-end application PreView and the reporting framework ReView.

As a result of the economic down-turn, DnB NOR Finans is also focusing strongly on cost efficiency.

-We believe that a modern and flexible platform will reduce our operational costs, giving us the ability to focus more on customer processes and the distribution of our products, Axelsen adds.

In this area DnB NOR Finans is continuing their efforts to increase the proportion of self-service solutions for customers and partners. A single IT-platform for all units is of primary importance for this strategy.

Banqsoft is proud to have been chosen as one of DnB NOR Finans’ main IT-solution providers and is looking forward to be a part of their strategy to be the customers preferred financial partner.