Profile Centevo, a subsidiary of the Profile group that provides Asset & Fund Management software in the Scandinavian countries, has signed a long-term strategic agreement with Landkreditt Bank, a Norwegian bank focused on the agricultural sector and private market. This partnership aims to bolster Profile Centevo's footprint in Norway and positions the company as a long-term technological partner for financial institutions in the region. The CEO of Profile, Evangelos Angelidis, emphasized that the collaboration will facilitate the delivery of reliable, modern solutions that enable clients to adapt to structural changes while maintaining competitiveness.

The agreement includes the implementation of a comprehensive platform for mutual fund and transaction management. A key aspect of this partnership is the transfer of the register of mutual funds from Landkreditt Bank to Profile Centevo's internal registry and mutual fund services platform. This transfer signifies a strategic shift that aims to optimize the management of assets and improve operational efficiency for clients, which is crucial in today’s evolving financial landscape.

This collaboration not only reflects the growing importance of fintech partnerships in the Scandinavian region but also highlights the potential for increased competitiveness among participants in the financial services market. The strategic focus on reliable solutions is expected to enhance the ability of institutions like Landkreditt Bank to navigate ongoing structural changes, ensuring they remain competitive in a rapidly changing financial environment.