Sparxpres Partners Trifork and Tuum For Card/Financing Platform

Sparxpres, a Danish bank, is working with core banking technology provider Tuum and IT company Trifork on a platform for cards and financing that is unique to Sparxpres.

Sparxpres, which is part of Spar Nord, has made a deal with the tech companies for the creation of the platform and five years of development and operational support after that.

Sparxpres offers private customers digital financing and credit, as well as gift cards for local governments and national retail chains.

The new platform is being built by Trifork with the help of Tuum’s card and lending modules and in partnership with Nets and Visa. It will give Sparxpres core systems that are ready for the future and make it easy to add new products.

Ole Andreasen, CEO of Sparxpres, says,

“With the new solution, we will have an updated and future-proof platform for our card and finance products. At the same time, we will be able to develop and offer innovative products to new customer groups independently.”