OP-Pohjola to update its ICT services operating model
(Thomson Reuters ONE) -
Press Release 2 September 2013
OP-Pohjola to update its ICT services operating model
OP-Pohjola will update the operating model for its ICT services by outsourcing
some of its application development and maintenance services. It has signed the
related letters of intent with Accenture and CGI.
The new operating model will improve the Group's competitiveness, streamline the
production of services and make the product development process more flexible.
As part of these letters of intent and the outsourcing of the services,
approximately 500 OP-Services Ltd employees working for application development
and maintenance would join new employers under comparable employment terms and
conditions.
These measures represent a continuation of the efficiency-enhancement programme
launched within OP-Pohjola Group Central Cooperative Consolidated last autumn
and form an important part of the efforts to improve the Group's future
competitiveness. The new ICT operating model would generate annual cost savings
of over 20 million euros after a transitional period.
- Amidst drastic changes in the financial sector, we have searched for the tools
that enable us to control increasing costs, improve our competitiveness and make
our processes leaner, says Harri Nummela, CEO, OP-Services Ltd.
- We have examined various options carefully and tried to find a solution that
supports dynamism and cost-efficiency. We are now choosing long-term business
partners. Through these new partnerships, we aim to create more flexible and
effective processes that will also provide us with a competitive edge far into
the future. As OP-Pohjola plans to give our partners more responsibility for
application development and maintenance, it can increasingly focus on its core
business, on improving service reliability and assuring the quality of services,
says Petri Imberg, Senior Vice President, ICT Services.
Based on the outsourcing agreements, which have yet to be finalized, Accenture
would play a major role in the ICT model for OP-Pohjola Group's banking services
and CGI for insurance services. The agreements under development would involve
the transfer of a total of approximately 500 OP-Services Ltd employees working
for application development and maintenance to new employers under comparable
employment terms and conditions. This transfer is expected to take place in
November. The parties aim to complete the related contract negotiations by the
end of September.
For more information, please contact:
Harri Nummela, CEO, OP-Services Ltd,
Petri Imberg, Senior Vice President, ICT Services,
Please contact OP-Pohjola's Communications for media contacts directly with any
requests for interviews, tel. +358 (0)50 523 9904
OP-Pohjola Group in brief
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's mission
is to promote the sustainable prosperity, well-being and security of its owner-
members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of some 200 member cooperative
banks and the Group's central institution, OP-Pohjola Group Central Cooperative,
with its subsidiaries and closely-related companies, the largest of which is the
listed company Pohjola Bank plc. The Group has a staff of 13,000. OP-Pohjola
Group posted earnings before tax of EUR 601 million in 2012 and had total assets
of EUR 99.8 billion on 31 December 2012. The Group has over four million
customers.
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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