OP-Pohjola Group, the leading financial services group in Finland, use Savantor’s industry expertise to guide their strategic positioning within a changing acquiring mark
The Scandinavian acquiring market has been undergoing significant change as domestic processors evolve and international players seek increased market share.
Finland is a prime example and OP-Pohjola Group was amongst the first to recognise and respond to this situation.
In common with other banks, change and complexity on this scale is an infrequent event and Nordea did not have sufficient relevant experience in-house.
With the market moving from domestic debit cards to SEPA-compliant scheme branded cards, and acquiring previously being centrally processed, OP-Pohjola decided to investigate the alternatives for taking a more active role in acquiring.
Savantor’s team undertook the following:
Rod Nixon, Managing Director of Savantor International, believes that our independent advice has enabled the bank to move forward confidently to realise their strategy.
"Many banks are facing similar dilemmas as the European acquiring market evolves. It was the right time for OP-Pohjola to take this major step forward in their future market positioning."
Features of this assignment:
Savantor services are tailored to Client needs based on our core service areas
Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe
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Evert R Fekkes, SVP Payment & Savings Services - Rabobank - Nederland
"Savantor brought an effective blend of European acquirer market expertise and transaction processing solution design. Their experts quickly forged strong working relationships with our team. We enjoyed working with them to create our future acquirer strategy."
Mikko Hyttinen, SVP - Lending Services - OP-Pohjola Group - Finland
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