Profile, a leading financial solutions provider, has announced today that Kommuninvest, one of Sweden’s leading financial institutions, has selected the state-of-the-art Finuevo Core banking solution to enhance and modernise its operations.
Headquartered in Örebro, Kommuninvest holds AAA credit ratings and is jointly owned by 281 Swedish municipalities and 15 regions. It is the largest provider of public investment finance in the country, managing approximately €50 billion in loans and total assets of €55 billion, covering close to 60% of Sweden’s total municipal investment financing. Its vision is driven by a strong commitment to sustainability, cost-efficiency and stability in public sector funding.
Following a rigorous and highly competitive international procurement process, Kommuninvest selected Profile’s Finuevo Core to support its mission and future growth. The project includes full deployment of the solution and long-term support services, following Profile’s success in outperforming prominent international vendors and confirming its position among the top 10 European financial software providers.
The new solution is critical to Kommuninvest’s operations, as it will streamline the credit institute’s lending and payment processes, ensure regulatory compliance, and integrate seamlessly with existing systems - delivering tangible value from day one and supporting its mission to provide cost-effective and stable financing to its members.
This achievement reflects Profile’s growing presence in the Nordic and broader European market, and its ability to meet the region’s specific requirements through robust and scalable solutions. In the Nordic region, Profile operates through its subsidiary, Profile Centevo, which will deliver local support and services, further reinforcing the group’s regional commitment.
Mr. David Ljung, Chief Lending and Advice Officer at Kommuninvest, commented: “We are excited to partner with Profile, a technology supplier with strong credentials and technical expertise. Finuevo Core will allow us to modernise and streamline our lending operations, supporting our mission to provide cost-efficient and sustainable financing solutions to our members with enhanced speed and precision.”
Mr. Evangelos Angelides, Chief Executive Officer at Profile, stated: “We are honoured that Kommuninvest has selected our Finuevo Core solution to power its critical operations. This strategic partnership represents a key milestone in our Nordic expansion journey and reinforces our standing as one of the top European financial software providers. Finuevo Core, which forms part of our innovative Finuevo Suite platform, is an award-winning, advanced and integrated banking solution that empowers forward-looking institutions like Kommuninvest to thrive in today’s fast-changing financial environment.”
Profile continues to drive innovation in financial services by offering cloud-based, integrated solutions that enhance operational efficiency, ensure regulatory compliance, and support client success across the Nordics and globally.