This publication brings more news of developments in the wealth management fintech space.

Nordea has selected Accenture and Temenos to help replace its core banking systems across the Nordics as part of its broader “simplification” programme. Accenture will help implement Nordea's new core banking platform, which will be based on Temenos’s core banking software.

Accenture will provide consulting and systems integration services on the programme. Services will be delivered through Accenture Core Banking Services, a business service within Accenture’s financial services operating group, a statement said.

The move to the new platform will be carried out over the next four-to-five years, Jukka Salonen, head of group simplification at Nordea, said.

“Digitalisation and the rapid change in customers’ preferences toward using online and mobile solutions, as well as the increasing operational regulation, are transforming the banking industry. Along with simplified processes and products, the new platform will provide the framework for an end-to-end digital business model, improving our operational agility and delivering the benefits of scale,” Salonen said.

Nordea has around 11 million customers and is listed on the Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen exchanges. Swiss-listed Temenos, headquartered in Geneva, serves more than 2,000 firms worldwide, including 38 of the top 50 banks.