September 1, 2023 | Featured Finance News

Evitec Covered Bonds 2.0 released – major technology upgrade now available

Evitec announces the availability of Evitec Covered Bonds Release 2.0. With major technology upgrade, new features, and improvements, covered bonds issuers and institutions using Evitec Covered Bonds stay up to date in terms of legislation, regulations, and reporting requirements.

New features include:

  • issuance process module 
  • potential search module 
  • design tool module 
  • support for green pools and bonds 
  • improved criteria engine 
  • more extensive pool data archive 
  • modern cloud-based architecture 
  • enhanced security features 

With new features in place, institutions engaged in mortgage banking lessen their operational risk and ensure new requirements, EU directives and regulations are always met.

— We now have 6 out of 10 banks in Finland as our customers, so it’s only natural that we now set our sights towards rest of Europe, says Head of International Business Development, Tino Silfver.

— As the finance industry is going through a cloud transition, the new version of our market-leading Covered Bonds solution will give years of cost-efficient, agile operation, says Head of products Janne Takala.

Evitec Covered Bonds automates reporting and other crucial processes. Solution can also be used by covered bonds issuers in their transition towards greener future. Evitec Covered Bonds makes available reporting dashboards that provide information how green a bond pool is based on chosen framework. In the future, information about sustainable bonds will be made available.

Evitec attends European Covered Bonds Council 33rd Plenary meeting in Munich on 13th September.

See also our Customer stories.

Have a question?

For more information please contact:

Tino Silfver

Financial & Industry Solutions

+358 40 828 9963

August 15, 2023 | Featured News

Tivi 250 list published – Evitec ranked 14th in success points

Tietoviikko has again published its yearly report on Finland’s 250 largest ICT companies.

Evitec ranks number 14 in terms of success points (success points measure how successful the company is compared to its competitors). In terms of revenue, Evitec was ranked number 118 (last year #120).

– Being among the most successful companies in ICT shows that we’ve been able to serve our customers very well in their business-critical projects. In this kind of market situation, I’m very happy of our strong positioning, states Evitec’s CEO Mikko Pilkama.

More information on Tietoviikko’s website.

June 20, 2023 | Featured News

Evitec publishes Sustainability Report 2022

Evitec’s Sustainability Report of 2022 is now published. The report includes statements of commitment from our CSO, CEO, and Chairman of the Board, reflection on our Sustainability Values, our EcoVadis score and action plan, and details about our Sustainability Journey from the time period of 2022.

As the world around us turns and evolves, we strive to be a part of the positive change, or the Sustainability Revolution, as we like to refer to it. Our Sustainability Report serves as a testament to us constantly working toward a smarter, stronger, and more sustainable tomorrow.

As our CEO, Mikko Pilkama, states in his commitment letter:

— There is no better moment than this to start building a more sustainable, and a more prosperous world for all of us.

Read more about our sustainability work and motivation in the newly published report.

June 14, 2023 | Featured News

Evitec’s journey towards ISO 27001 certification: raising the bar of information security

Evitec is on its journey to achieve the Information Security Management System certification in compliance with the ISO/IEC 27001:2022* standard. Target is to obtain the certification during H1 of 2024.

Purpose with the ISO 27001 standard is to enhance the overall security posture as well as provide the company a 3rd party assurance of how information security is governed. In the financial sector, where security and bank secrecy have always been paramount, coupled with GDPR requirements for personal data protection, the importance of information security is well recognized.

– We can see EU (EU’s Digital decade**) putting pressure on this matter together with directives and initiatives such as DORA and NIS2. The eyes are directed towards the critical industries, and after that towards operators’ such as us. We need to meet these demands, and ISO 27001 standard is a good and straightforward way to do it. Moreover, the certification helps us to demonstrate our commitment to customers and stakeholders, states Harri Inkinen SVP, Information Security in Evitec.

Identify risks, and then treat them

The ISO 27001 is a standard, that defines the requirements for an information security management system. The challenge lies in determining the most optimal approach to meet those requirements.

– In practice, we estimate the company’s intellectual property as well as customers’ data we want to keep safe and available, what the possible threats and risks are, and then adopt appropriate measures to manage or minimize these risks, adds Inkinen.

Complying with an ISO standard is a process that requires continuous actions from the company.

Inkinen clarifies: – Risk management is a collective responsibility. With this I refer to the fact that every piece of our intellectual property has an owner, and owners should be able to constantly identify and report threats. ISO 27001 is a risk-based standard; what should be accepted and what should be mitigated. When that is acknowledged, we have a foundation to build on.

Looking ahead to 2024

The target is to obtain ISO 27001 certification during H1 of 2024. Prior that there will be external audits conducted by accredited auditors.

– Ultimately, putting effort in information security keeps us safe, of course, but it also makes us more trustworthy partner in the markets, opening up new exciting opportunities, concludes Inkinen.

*) ISO 27001 is an information security standard created by the International Organization for Standardization (ISO).

**) More information: Europe’s Digital Decade

May 16, 2023 | Featured News

Mikko Pilkama appointed new CEO of Evitec, with Ilkka Starck joining the Board of Directors

The Board of Directors of Evitec has appointed Mikko Pilkama, MSc (Econ), as the new CEO of the Evitec Group (Evitec). Pilkama will take on his new role 1 June.

Prior to joining Evitec, Mikko was the CEO of Finnish publicly listed Heeros Oyj, and before that he has held several senior executive positions in the fintech industry, such as Basware, CGI and Nets. He has a proven record of driving growth and innovation, and the Board of Directors is confident in his ability to lead Evitec to continued success.

— I am excited and honoured to join a leading Nordic fintech champion to provide core products and services to both banks and insurers. It’s a great combination of mission-critical products, deep international competence, committed owners, and robust financials, states Mikko Pilkama.

Ilkka Starck transitions to the position of being a member of the board of Evitec after a successful tenure of 13 years as the CEO of the company. Ilkka joined in 2010 and has been instrumental in the growth and success of the company and will now explore new opportunities to utilise his skills and expertise.

— I want to thank Evitec’s management team, personnel, board, and majority shareholders Volpi Capital for their support during the past years and look forward to continuing as a member of the Board, says Ilkka Starck. A potential change of CEO has been part of our long-term planning and the business is thus well prepared for this.

Evitec’s Chairman of the Board, Niklas Midby, thanks him for his contributions as CEO and welcomes him to the Board. Under Ilkka’s leadership we have achieved remarkable milestones, including good profitability and several successful add-on acquisitions. Mikko brings with him a wealth of additional international and products/SaaS business experience, skills and expertise that will undoubtedly benefit the company in the next phase.

Mikko Pilkama will assume responsibility as CEO starting June 1st, 2023.

About Evitec

Evitec provides system solutions and consulting services to the financial industry. It also offers analytics and information management services across multiple industries. Founded in 1992, Evitec has offices in Espoo, Tampere, Pori, Lahti, Lappeenranta, Tallinn, and Stockholm. The number of employees is 350 and the annual turnover 37 M€ in 2022.

Together with its management, Evitec is owned by Volpi Capital – a specialist, Northern European lower middle-market investment firm, focused on B2B tech-enabled sectors. Volpi Capital is experienced in international expansion and buy-and-build, driving sustainable and profitable growth.

For more information, please contact:

Evitec, Head of Communications, Harri Inkinen, tel. +358 9 681 731

May 16, 2023 | Featured News

Evitec utser Mikko Pilkama till ny vd, Ilkka Starck övergår till styrelsen

Evitecs styrelse har utsett Mikko Pilkama, ekon.mag., till ny vd för Evitec Group (Evitec). Pilkama tillträder sin tjänst den 1 juni.

Mikko Pilkama har tidigare arbetat som vd för det finska börsbolaget Heeros. Pilkama har en gedigen bakgrund inom fintech-branschen och har arbetat i ledande befattningar, bl.a. hos Basware, CGI och Nets. Han har en stark meritlista inom affärsutveckling och innovationer, och styrelsen är övertygad om hans förmåga att leda företaget till fortsatta framgångar.

— Jag är glad och hedrad över möjligheten att få leda ett nordiskt fintech-företag som erbjuder programvarulösningar och experttjänster till både banker och försäkringsbolag. Det är en fantastisk kombination av affärskritiska produkter, djup internationell kompetens, engagerade ägare och starka finanser, konstaterar Mikko Pilkama.

Ilkka Starck övergår till posten som styrelseledamot i Evitec efter 13 framgångsrika år som vd för företaget. Starck har sedan han tillträdde som vd 2010 varit avgörande för företagets tillväxt och framgång och kommer nu se på nya möjligheter för att utnyttja sin kompetens och expertis.

— Jag vill tacka Evitecs ledningsgrupp, personalen, bolagets styrelse och majoritetsaktieägaren Volpi Capital för deras stöd under de senaste åren och ser fram emot att fortsätta som styrelseledamot. Ett eventuellt vd-byte har varit en del av vår planering på lång sikt och verksamheten är därmed väl förberedd för denna förändring.

Evitecs styrelseordförande, Niklas Midby, tackar Ilkka Starck för hans insatser som vd och hälsar honom välkommen till styrelsen: ”Under Ilkkas ledning har vi uppnått viktiga milstolpar, inklusive god lönsamhet och framgångsrika företagsförvärv. Mikko tar med sig mångsidig internationell erfarenhet, kompetens och expertis när det gäller produkter och Saas, som utan tvekan kommer att gynna företagets tillväxt.”

Mikko Pilkama tillträder vd-posten den 1 juni 2023.

Om Evitec

Evitec levererar systemlösningar och konsulttjänster för finansbranschen. Företagets utbud omfattar också business intelligence-tjänster för olika branscher. Evitec är grundat 1992 och har kontor i Esbo, Tammerfors, Björneborg, Lahtis, Villmanstrand, Tallinn och Stockholm. Antalet anställda är 350 och omsättningen 2022 var 37 miljoner Euro.

Evitec ägs av Volpi Capital – ett nordeuropeiskt investeringsföretag med fokus på medelstora bolag aktiva inom B2B-teknologi. Volpi Capital har erfarenhet av internationell expansion och förvärvs- och utvecklingsstrategier (buy and build) för hållbar och lönsam tillväxt.

Ytterligare upplysningar:
Evitec, Head of Communications, Harri Inkinen,tfn +358 9 681 731

May 3, 2023 | Featured News

Evitec joins United Nations Global Compact

Evitec has been accepted to join the United Nations Global Compact (later UN GC).

By being a UN GC participant, we commit to acting responsibly and aligning our strategies and operations with the UN’s  Ten Principles  on human rights, labour, environment  and  anti-corruption. Additionally, we commit to striving towards reaching the  UN Sustainable Development Goals.

UN GC is the world’s largest sustainability compact  and has over 21,000 participants ranging from companies to other organizations to countries. The UN GC accepts commitments from companies which act responsibly towards people and the planet. In the application process we committed to setting ambitious goals and reporting on our progress annually.

The aim of the UN GC is to  mobilize a global movement of sustainable companies and stakeholders to create a more equal, transparent, and prosperous world, while caring for the environment.

Our aim at Evitec is to modernise Nordic banks and insurance companies through automation, agile methods, analytics, and cloud computing. We believe that this modernisation will lead the way to a sustainable future.

Read more about our sustainability work.

See our profile at the United Nations Global Compact portal.

April 18, 2023 | Featured News

Evitec Group reports steady growth in the fiscal year 2022 

Evitec Group’s financial statement for fiscal year 2022 has been confirmed. Revenue was 37 million euros and grew with 12%, compared to the previous year (2021: 33M eur).

– 2022 reminded us again how quickly the market and business can change. Despite of the uncertain geopolitical situation we were able to deliver a decent outcome which included a successful acquisition in Sweden as well as carrying out a brand renewal process across the Nordics. What we need to keep doing during these unprecedented times, is to serve our customers excellently and maintain the mutual trust, states CEO Ilkka Starck.

Evitec’s headcount has increased from 304 to 330. Outlook for the year 2023 is solid but uncertainty in the market remains.

– We need to be cautious and follow the market development closely while executing our growth strategy, ends Starck.

For further  information  please contact: 
Evitec, CEO Ilkka Starck, Phone. +358 9 681 731

January 27, 2023 | News

Profit Software rebrands as Evitec

We’re excited to announce that the Evitec name is taken into use in all countries and markets of operation starting January 26th, 2023.

—The new name and brand support our Nordic expansion. Our target is to increase both the number of employees and the number of customers, while simultaneously strengthening our expertise and product offering, says Evitec’s CEO Ilkka Starck.

Already for 30 years our mission at Evitec has been creating a better functioning and a more sustainable future for our customers. During the decades we’ve grown from being a one-product IT vendor to being a versatile specialist. Therefore, the present moment embodies a natural start for a new chapter and a new company name.

Although our name and brand are changing, partnerships, cooperation and ensuring the best customer experience will be kept at the focus point of our operations.

Changes to our contact information

Our new e-mail addresses will be of the format

Our Business ID and offices contact information remain unchanged.

Customer story

Evitec digitalisoi Kuntarahoituksen ja Suomen Pankin välisen lainojen panttausprosessin

Kuvassa vasemmalta: Ari Siivonen, Minna Saonegin ja Kirsi Vetterstrand

Rahoituspalveluja tarjoava Kuntarahoitus on ottanut suuria harppauksia digitalisaatiomatkallaan: luottopäätösten ja vakuushallinnan jälkeen lähdettiin uudistamaan lainojen panttausta Suomen Pankille sekä siihen liittyvää seurantaraportointia.

Evitec on ollut tiiviisti mukana rakentamassa Kuntarahoitukselle vakuudenhallinnan kokonaisuutta. Nyt kehitetty lainojen panttaus- ja seurantasovellus, Paco, liittyy Suomen Pankin antolainojen panttausprosessin sähköistämiseen.

-Olemme tehneet vakuudenhallinnan toiminnallisuuksiin liittyen Evitecin kanssa yhteistyötä jo aiemmin. Kun saimme viime vuonna indikaatiota, että Suomen Pankki uudistaa panttausprosessinsa, oli luonnollista ottaa mukaan kumppani, jonka kanssa muutos voitiin tehdä ketterästi, kertoo transaktiopalveluiden osastonjohtaja, Minna Saonegin.

Projekti toteutettiin tiiviissä aikataulussa. Suomen Pankin antamat tekniset määritykset ja dokumentit ohjasivat kehitystä, mutta käytännön toteutuksesta, käyttöliittymästä ja muista toiminnallisuuksista vastasi projektitiimi. Kuntarahoituksesta oli läpi projektin mukana käyttäjiä, joista yhtenä asiantuntija Kirsi Vetterstrand. Kirsin mukaan ”työnteko on uuden järjestelmän ansiosta mielekkäämpää ja ennen kaikkea tehokkaampaa”.

Ratkaisun haluttiin kestävän aikaa ja sopeutuvan mahdollisiin muutoksiin.

-Rakensimme sovelluksen tietovaraston päälle pienentääksemme järjestelmäriippuvuutta. Suomen Pankki edellytti SWIFTin tarjoamaa FileAct-toiminnallisuutta, jota emme ole aiemmin käyttäneet. Muut teknologiset ratkaisut olivat meille ja Evitecille jo ennestään tuttuja, jatkaa Business Solution Manager, Ari Siivonen.

Tehokkuutta sprinteistä

Projekti toteutettiin kuuden kuukauden aikana sprinteissä. Ennen ensimmäistä sprinttiä toteutettiin alkuhaastattelut, joiden perusteella ymmärrettiin tarkemmin ratkaisun sisältö ja sen perusteella valittiin oikeat osaajat projektitiimiin.

-Sprintti työskentelytapana oli toimiva tässä kehityksessä, asioita päästään heti tekemään ja myös korjaukset voidaan tehdä nopeasti. Lisäksi Evitecin projektipäällikön, Marko Aution, halu ymmärtää loppukäyttäjän tarvetta tekniset vaatimukset huomioiden on kyllä ollut se avainsana, sanoo Saonegin.

-Nostaisin erikseen vielä sen, että Marko otti läpi projektin kokonaisvaltaisesti tilanteen haltuun ollen aina valmis auttamaan. Kyllä tässä oli vastuunkantoa yli omien rajojen, tiivistää Siivonen.

Evitec toteutti Kuntarahoitukselle lainojen panttaus- ja seurantasovelluksen, joka liittyi Suomen Pankin antolainojen panttausprosessin sähköistämiseen. Projekti kesti noin kuusi (6) kuukautta.

Kuntarahoitus tarjoaa monipuolisia rahoituspalveluja kuntasektorille ja sosiaaliseen asuntotuotantoon. Kuntarahoitus perustettiin 1989 ja sen omistavat kunnat, Keva ja Suomen valtio. Yritys työllistää noin 160 henkilöä.

Kuvassa vasemmalta: Ari Siivonen, Minna Saonegin ja Kirsi Vetterstrand