Cultura Bank has chosen Tieto Banktech for a five-year technology partnership that will provide modern, full-service solutions to ensure cost-efficient banking operations and predictable technology expenses.
As a Norwegian ethical savings bank with about NOK 1.4 billion in assets and more than 4,500 customers, Cultura Bank joins Lokalbanksamarbeidet (the Local Bank Collaboration), a consortium of 16 independent Norwegian savings banks. This collaboration grants access to competitive, up-to-date solutions in line with the strategic partnership Cultura Bank established with Tieto Banktech in May 2025.
“Through the Local Bank Collaboration and our long-term technology agreement with TietoBanktech, we are laying a solid foundation for sound banking operations going forward. Modern technological solutions enable us to be a positive driving force for growth and development for our customers. This strategic move represents a major step toward becoming Norway’s leading bank in sustainable finance,” says Karoline BakkaHjertø, acting CEO of Cultura Bank.
Overall, the partnership with TietoBanktech strengthens the competitiveness of the entire 16-bank collaboration.
“Together with the other banks in the Local Bank Collaboration, Cultura Bank will operate on a unified technology platform that streamlines operations. In close collaboration with TietoBanktech, we are developing digital processes and user-friendly tools that will free up employees for proactive advisory and sales activities. Combined with a modern digital customer interface, this delivers a superior customer experience,” says Bent R. Eidem, CEO of Lokalbanksamarbeidet.
Modern technology platform
TietoBanktech will deliver an end-to-end core banking platform based on industry-standard technology that is scalable and adapted to Norwegian conditions and regulatory requirements. The agreement includes mobile and online banking solutions, card and payment solutions, and effective tools for combating financial crime.
“We’re honored that Cultura Bank has chosen TietoBanktech as its strategic partner through the Local Bank model. We will migrate Cultura Bank, together with the entire collaboration, to our modernized core banking system in a well-tested and controlled manner. We are intensifying our work on innovation and renewal of customer-centric solutions with increasing integration of responsible AI that streamlines internal work processes and enhances customer engagement and relevance for Cultura Bank and the entire Local Bank Collaboration,” says Mario Blazevic, Managing Director of TietoBanktech.
For more information, please contact:
Geir Remman, Head of Communication and Marketing, TietoBanktech, geir.remman@tietoevry.com
Tietoevry Newsdesk: +358 40 5704072
Tieto is a leading software and digital engineering services company with a global market reach. It delivers mission-critical solutions across industries through its specialized software businesses TietoCaretech, TietoBanktech, and TietoIndtech, as well as Tieto Tech Consulting. Around 15,000 skilled experts in software, design, cloud, and AI are dedicated to helping customers succeed and innovate with the latest technology.
Tieto’s annual revenue is about EUR 2 billion. The company’s shares are listed on NASDAQ in Helsinki and Stockholm, as well as on Oslo Børs. www.tieto.com
