Knowit and Backbase partner to transform digital banking in the Nordics
Amsterdam – January 16, 2025 – Backbase, the creator of the Engagement Banking Platform, announces a strategic partnership with Knowit, a leading Nordic digital transformation consultancy. The collaboration enables financial institutions across Denmark, Norway, Sweden and Finland, to accelerate their digital transformation initiatives while delivering superior banking experiences at scale.
Strategic partnership benefits
Builds synergies through Knowit's extensive Nordic market presence and digital transformation expertise across areas, with Backbase's comprehensive Engagement Banking Platform loaded with cutting-edge capabilities to enhance customer engagement.
Enables rapid deployment of innovative digital banking solutions that meet local market requirements and regulations
Provides Nordic financial institutions access to Backbase's pre-integrated fintech ecosystem and ready-to-go banking apps
Meeting market demand benefits
"The Nordic region continues to lead in digital banking innovation. Our partnership with Knowit strategically expands our presence in this key market, enabling financial institutions to rapidly modernize their technology stack and deliver exceptional customer experiences," said Jonas Qvadfordt, Regional Director Nordics at Backbase. "Together, we're helping banks break free from legacy constraints and orchestrate seamless customer journeys across every stage of the customer lifecycle."
Expert integration
"Partnering with Backbase significantly enhances our ability to deliver cutting-edge digital banking solutions to Nordic financial institutions," said Rune Ivarsflaten, CEO at Knowit Financial Solutions. "By combining our deep understanding of local market requirements with Backbase's proven Engagement Banking Platform, we can help banks accelerate their digital transformation while ensuring compliance with regional regulations."
"Our role as Backbase's integration partner in the Nordics will allow us to provide our customers with seamless integration of Backbase's solutions and services. This combination provides our customers with the best of both worlds – world-class global capabilities and strong local understanding," says Jan Georg Lehmann, Chief Commercial Officer at KnowIt Financial Solutions.
Through this strategic alliance, Backbase and Knowit will enable Nordic financial institutions to accelerate their digital transformation while maintaining the highest standards of compliance and security. The combination of Backbase's Engagement Banking Platform and Knowit's deep Nordic expertise provides banks with a clear path to deliver personalized, seamless banking experiences that drive customer loyalty and business growth. Financial institutions across the region can now fast-track their digital initiatives, setting new benchmarks for customer-centric banking.
About Knowit
Knowit are digitalization consultants with the vision to create a sustainable and humane society through digitalization and innovation. Knowit supports its clients in the digital transformation and stands out among other consultancy firms through its decentralized organization and agile work methods in client assignments.
The operations are divided into four business areas – Solutions, Experience, Connectivity, and Insight – which offer services in bespoke system development, digital customer experiences, the internet of things, cloud, cybersecurity, and management consultancy. Competences from several business areas are often combined in client projects.
Knowit was founded in 1990 and now has around 4,000 employees, mainly in the Nordic countries, but also in operations in Germany and Poland. Knowit AB (publ) has been listed on the stock market since 1997 and is currently listed on Nasdaq OMX Stockholm Mid Cap. For more information about Knowit, please visit www.knowit.eu.