Stadil Sparekasse West Ocean

A REALLY GOOD INVESTMENT

Stadil Sparekasse has a history stretching back almost 150 years as an independent savings bank. The savings bank had taken care of its information technology needs partly by cooperating with other credit institutions and partly by performing several tasks at the bank – tasks that customers normally do themselves. 

Over time, the IT platform became too rigid and the manual routines too demanding. 

Together with a number of other small banks, Stadil Sparekasse was therefore on the look-out for an IT supplier who could provide a modern, full-service banking platform and who could roll out a complete new IT solution fit for the times.  

Amongst the prospective solutions were SDC's systems. In fact, these were the best answer to the banks’ requirements for flexibility, stability and economy. 

At the end of October 2016 Stadil Sparekasse and two other small banks changed to SDC. At once, they had access to all the services today’s customers expect: mobile banking, instant payments, etc. 

When a new bank joins SDC, it is set up in the ‘core system’, as well as in other systems. After this, the data runs in SDC’s conversion program and the bank can set up their products in the core system. And then they are ready to serve their customers. 

The number of customers and accounts in Stadil was so modest that consideration was given to manual conversion – i.e., setting up customers and accounts directly in the core system. 

With the inclusion in SDC’s systems, the savings bank was relieved of a number of manual tasks – which customers now perform themselves – and the bank joined the overarching Danish and international payments infrastructure. They can now offer their customers the same products as are available to customers of other banks. 

Janus Vestergaard, Director of Stadil, says “We have saved many, many work hours by automating manual routines. Naturally, it has taken time to apply SDC’s many systems but I have no doubt at all that it was the right investment.”