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
View more
Find out more from our Savantor brochures, MarketEye back copies and Industry opinion
Collateral Market Eye News & Views Sign Up to receive MarketEye
"We were in urgent need of external independent expertise to supplement our internal resources. Senior consultants had to quickly integrate with our team and actively contribute. Their experts quickly forged strong working relationships and delivered to our brief. We enjoyed working with them to develop our future platform strategy."
Evert R Fekkes, SVP - Payment & Savings Services - Rabobank Nederland
"The expertise provided by Savantor has greatly helped us evaluate our risk position and to take the right steps in managing our future risks. Strong, disciplined planning and an ongoing willingness to work closely with our staff played an enormous part in making this a very successful well-delivered project which will greatly help us in achieving our business goals."
Mark Healy, Chief Risk Officer - NEOVIA Financial - UK
"Savantor did a superb job in confirming what we believed was an area of weakness. The detail we now have will enable us to agree internally what we need to do to improve structure, control and income. Nationwide management were very impressed with the quality of the Savantor team."
Adam Slater, Senior Manager - Banking - Nationwide Building Society - UK
"Savantor successfully assisted Clear2Pay by providing specialist EMV expertise."
Marie Costers, General Manager - Clear2Pay Open Test Solutions
"OP-Pohjola Group has used Savantors help in numerous different specialist projects differing from risk assessment to management tool creation to transaction analysis. We have been very satisfied by the quality of the service provided by Savantor's experts."
Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland
"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."
Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland
"Savantor did an outstanding job of the review and I received nothing but positive feedback on the interaction with our management team."
Jeff Guthri, COO - Moneris Solutions - Canada
"In moving our new initiative into reality, we required specialist payments knowledge and forward thinking in the retail sector. Savantor supplied this and provided very effective guidance throughout. We enjoyed working with them."
Sophie High, Head of Innovation Delivery - Cancer Research UK
Send us a support request and one of our specialists will be in contact to assist you.
Register your CV with us and gain access to a range of job opportunities through our online job search portal.
