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Norwegian banking group SpareBank 1, has chosen ALOC client wealth- and Asset Management solution PORTMAN® to support their competitive advantage within investment advisory services.

ALOC, a Nordic provider of financial software is proud to announce that SpareBank 1 Gruppen has selected the PORTMAN® suite of applications for its operation within wealth management advisory business. SpareBank 1 will be using PORTMAN across its operation in most of the 23 membership banks. Here they will be utilizing many of PORTMAN capacities, including the Customer Reporting Solution in an integrated straight through processing model, to enhance the competitiveness of their approximately 300 professional wealth management advisors, and also to better integrate the customer dialog in the advisory process.

PORTMAN with its COCKPIT web advisory platform is a complete suite of Private Banking, Asset Management and Treasury Management applications, supporting a variety of banks and financial institutions. This multi asset class solution is designed to support both sophisticated asset and liability portfolio reporting and comprehensive client relationship management.

SpareBank 1 has chosen PORTMAN based on the comprehensive nature of its business support, as well as ALOC’s proven know-how within key areas of their business.
Large Clients Investments Advisor and the groups Investment business coordinator, Frank Sandvik says, “SpareBank 1 has a unique business model based on our geographical position in Norway, and we want to exploit this advantage to be the first choice for investment advice throughout Norway. To do this we need cutting edge supporting tools for our professionals and our customers, as well as a partner that can support us with local knowledge and international perspective. ALOC and PORTMAN has that unique mix and was therefore the partner of our choice.”

SpareBank 1 Gruppen is owned by 22 major regional saving banks in Norway, and has through its collaborative efforts created significant values and one of the strongest brands in Norway. The SpareBank 1 business model have made smaller and more exposed banks able to compete effectively with larger financial institutions, proven by its growth competitiveness and its customer loyalty.

Founded in 1996 SpareBank 1 Gruppen has a combined AUM of 400bn NOK, 350 offices nationwide and two million customers, making it the second largest banking group in Norway.

ALOC AS is a sound provider of specialized financial applications, with more than
23 years in the business. ALOC has fully operational offices in Denmark and Norway, enabling them to support it clients with a valuable local presence. ALOC has an inter-national focus and a global perspective on its product development, with the aim to provide World Class Financial overview.

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For further information please contact Business Manager/Norway, Inge Grini,
tel.: +47 2333 5102.