Annual Report 2016

IT project of the year in Finland
At the beginning of 2016, the joint migration project of Crosskey and S-Bank became the IT project of the year in Finland. The project involved the incorporation of S-Bank and LähiTapiola’s IT systems; we are pleased that even outsiders saw the work as a model for other projects.

The savings app Dreams was launched
Furthermore, the Swedish savings app Dreams was launched. It is a collaboration between the Bank of Åland in Sweden and the fully digital financial service Dreams. Within the framework of the cooperation, Crosskey developed a core banking system for the Bank of Åland and integrated the Dreams application. This makes the Crosskey banking system one of the few banking systems in the Nordic markets that already has effective integrations with so-called Fintech players. An additional Fintech player was integrated into the Crosskey core banking system, when the payment app Trustly initiated its cooperation with the Bank of Åland in Sweden later in 2016.

Conversion of the S-Bank’s card system
The conversion of the card system of S-Bank, one of the largest card issuers in Finland, into the Crosskey card system took place over Easter. The project was completed without any disruption to our customers, and we consider this as a very successful launch.

Crosskey’s new capital market offering
The development of Crosskey’s new capital market offering continued in 2016 in collaboration with our technology partner Model IT. The new system will be introduced by the Bank of Åland in Sweden in 2017, and after that in Finland.

New customers
At the end of the year, Crosskey gained two new customers in the Swedish market. Since November, we have delivered through Sparbankernas Kort both a card system and a complete card service to over twenty independent Swedish savings banks and other banks that have joined the partnership. Crosskey’s cooper¬ation with Remium Finance was also launched in November. Remium Finance provides financial services to small and medium-sized enterprises. Remium Finance relies on Crosskey’s core banking system and Internet solutions. The full implementation project was carried out within the impressive timeframe of five months.