Capgemini, a consulting, technology and outsourcing services firm, has entered into a new agreement with Ikano Bank, a part of the Ikano Group.

The new agreement will see Capgemini Sverige AB support Ikano Bank in strengthening its IT-capacity to support its growth strategy.

After a competitive tender process, Ikano Bank is now embarking on a transformation journey with Capgemini as its chosen provider. The five-year contract will provide Ikano Bank with cost-efficient and effective operating of its IT landscape to support its growth and performance. Capgemini will provide agile and mature IT and business transformation services.

“Capgemini will help us grow. They have the right mix of skills with domain technical knowledge both locally and globally. They proposed a cost effective and innovative solution to strengthen our IT capacity and speed up our digital transformation. They are also a good cultural fit for our team members,” says Stefan Nyrinder, CEO at Ikano Bank AB.

“We are delighted that Ikano Bank has chosen us as their partner for their IT transformation journey,” says Anil Agarwal, Deputy CEO at Capgemini Sverige AB.

This project will see Capgemini leverage its broad financial services and banking experience. The first step in the process is to transform the “as is” IT environment into a next Generation Information Communications Technology services platform, that will help launch Ikano Bank’s key objective to transform into an industrialized digital operation.

Headquartered in Malmö in Sweden, Ikano Bank has operations in Sweden, Finland, Norway, Denmark, Germany, Poland, Austria, Russia and the UK.