SPAREBANK1
“Once you build the infrastructure, you can start to look at it from a business perspective. We could ask, how can we build APIs that can be consumed in other traffic streams? In new channels that could bring us more revenue?”
14 bank
alliance with a centralized API governance
10x
faster to implement new APIs
5x
reduction in implementation costs
Case study details
SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks. The alliance is organised through the holding company SpareBank 1 Gruppen AS owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development.
Implement an organization-wide API strategy to ensure PSD2 compliance and give individual entities the flexibility to innovate and grow
Sparebank1 provides an innovative API-based platform that extends functionality to customers and fintech partners now or to be discovered
