NEWS

/

Pressrelease

Stacc and SDC forms strategic partnership

Stacc and SDC forms strategic partnership

Stacc AS and SDC A/S have entered into a long-term agreement on the delivery of an integrated solution for the processing of loans for business customers in SDC banks.

Stacc AS and SDC A/S have entered into a long-term agreement on the delivery of an integrated solution for the processing of loans for business customers in SDC banks.

20/03/2023

20/03/2023

Grassy hills with a path leading to a nearby beach.
Grassy hills with a path leading to a nearby beach.
Grassy hills with a path leading to a nearby beach.

The delivery from Stacc is based on BM Analysis, Stacc's specialist solution for financial analysis, advisory and credit processes for the corporate market. The goal is for SDC to be able to offer its customers a modern and flexible credit solution giving the banks a simplified and improved credit process, which at the same time ensures that regulatory requirements, documentation, and traceability are taken care of in an efficient way.

The aim of integrating BM Analysis from Stacc with SDC's own solutions is to ensure a comprehensive credit process for business customers. The integrated solution will provide a flexible user experience, faster case processing, a simplified everyday working life for company advisers, compliance with regulatory requirements, correct documentation, higher data quality and traceability of the credit process.
Hilde Seljom, Department Director at SDC

SDC has a strategy of using partners in cases where there is already a good solution in the market, and we have specialized in integrations with third parties. Precisely for this reason, we are happy about the many years of good cooperation, which has resulted in the integration of PM Advisory, Stacc's equivalent solution for the private market, and we are very pleased to extend the cooperation to the corporate market.
Hilde Seljom, Department Director at SDC

The agreement between SDC and Stacc involves the delivery and integration of a complete case management solution that combines business analysis and a holistic credit process for banks that use SDC's core banking solutions. The parties have a Nordic perspective on the collaboration, and the solution will first be delivered to SDC's Danish customers.

BM Analysis from Stacc entails a 360-degree financial analysis of the company and is designed to analyze liquidity and cash flows, assess the ability to service more debt, make investments, as well as opportunities for forecasting and scenario analysis.

The solution offers a complete financial analysis of small and medium-sized companies, subsidiaries and sole proprietorships and can also handle various scenarios such as startups, crisis and downturns, innovation, and growth, as well as geographical expansion.

We are incredibly happy to enter this agreement and look forward to continuing our strategic and long-term cooperation. Stacc has one of the largest competence environments in the Nordics within the development of solutions for financial analysis and advisory, and it is gratifying to experience that in recent years we have strengthened our position as a supplier in several Nordic countries.
Geir Nordrik, CEO of Stacc

The solution will be delivered as a cloud-based SaaS service from Stacc, based on a partnership with Orange Business Services and Microsoft Azure. The project starts in spring 2023 and is planned to be delivered in several phases during 2023 and early 2024.

Contact information

Tone Grotmoll
Sales Director Stacc AS
+4790930285
toneg@stacc.com

Hilde Seljom
Department Director
+4521147125
hise@sdc.dk

Facts about Stacc

Stacc is a Norwegian fintech company with 220 employees and more than 30 years of experience as a supplier of financial solutions and services to to more than 250 customers within banking and finance, insurance, pension funds, investment companies and the public sector in the Nordics. Since 2016, Stacc has more than twenty doubled its turnover and has great ambitions for growth both in the Nordics and internationally.

Facts about SDC

SDC is an IT service partner for the financial sector in the Nordics. The core services are development and operation of banking applications, and SDC is the only supplier on the market to deliver a joint Nordic platform adapted to the individual countries' national legislation and language. SDC has been on the market for IT for finance for 60 years and have in-depth knowledge and experience with the operation and development of systems and solutions that form the basis for banks of the future. SDC is owned by its customers, and the customer base includes more than 100 Danish, Norwegian, Swedish and Faroese banks.

Read more about SDC's solutions on their webpage