Savings bank

Kyndryl: Oma Savings Bank signs multi-year agreement with Kyndryl

The collaboration with Kyndryl will enable Oma Savings Bank to provide secure digital banking services, improve efficiency and drive innovation for its customers.

HELSINKY, Finland and NEW YORK, NY, February 28, 2022 – Kyndryl (NYSE: KD), the world’s largest provider of IT infrastructure services, and OmaSp, Finland’s largest savings bank, today announced a multi-year agreement to expand their collaboration, enabling the bank to continue to deliver best-in-class digital solutions to their customers and accelerate time to market.

OmaSp has engaged Kyndryl and its recent acquisition Samlink to jointly pursue the IT transformation journey to meet OmaSp’s business needs. OmaSp can confidently explore new business opportunities that expand its personalized and trusted digital banking experience for customers.

Kyndryl brings to this collaboration the breadth of global talent and delivery force, as well as the technology and application expertise of the Samlink team. Kyndryl also provides seamless business continuity through execution, maintaining strong security and data protection that enhances its operational resilience.

“We expect a lot from our cooperation because Kyndryl-Samlink has strong expertise in developing IT services in the financial sector. From a financial industry perspective, it is great that they are investing in sector expertise bank in Finland. We are developing our IT systems as reasonable entities and OmaSp’s business needs. Through long-term cooperation, we are aiming for an even more modern and cost-effective IT environment,” says Pasi Sydänlammi, CEO of Oma Savings Bank.

“Kyndryl has deep experience in delivering advanced technologies and expertise to deliver secure, compliant and resilient infrastructure and managed applications. We are ready to help OmaSp with our expertise in managing some of the world’s most critical infrastructure across multiple industries, especially in financial services. says Anil Joshi, Managing Director of Kyndryl Finland.

“Our team brings deep experience in advancing the enterprise digital journey while taking an agile and flexible approach to helping our clients achieve their goals with a focus on security, resiliency and sustainability. manage zCloud workloads and core enterprise services, I’m glad OmaSp trusts our application development and management capabilities,” added Samlink Senior Partner Arto Sorvoja.

Finland is one of the most digitally advanced markets with high customer expectations. The demand to provide up-to-date solutions and accelerate time to market is a challenge, both in terms of access to relevant skills and a robust computing platform. Banks are balancing the legacy environment with the latest technology enhancements, while ensuring the highest levels of business continuity.

About OmaSp

OmaSp is a growing Finnish bank and Finland’s largest savings bank by total assets. Approximately 330 professionals provide services nationwide through OmaSp’s 35 branches and digital service channels to more than 150,000 clients. OmaSp focuses primarily on retail banking operations and offers its customers a wide range of banking services both through its own balance sheet and by acting as an intermediary for its partners’ products. Intermediated products include credit insurance, investment and loan products. OmaSp is also engaged in mortgage banking.

The central idea of ​​OmaSp is to provide personalized service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to provide a high level customer experience through personalized service and easy accessibility. In addition, the development of operations and services is customer-oriented. Staff are engaged and OmaSp seeks to support their career development with cross-functional tasks and continuous development. A substantial part of the staff also owns OmaSp shares.

About Kyndryl

Kyndryl (NYSE: KD) is the world’s largest provider of IT infrastructure services. The company designs, builds, manages and modernizes the complex and critical information systems that the world depends on every day. Kyndryl’s nearly 90,000 employees serve more than 4,000 customers in more than 60 countries around the world, including 75 percent of the Fortune 100. For more information, visit www.kyndryl.com.

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Kyndrylpress@kyndryl.com


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