2020 – the year in review

A word from our CEO:

What a difference a year makes – or even a few months. The Covid-19 pandemic has affected and radically changed consumer and professional habits worldwide. It has changed the way we work, forcing an all-remote organization upon us. I am proud to say that we stood up to the challenge.

During these trying times, Itello has maintained operational and financial resilience and we managed to keep our customers’ projects rolling. Together, we continue building the tech foundation for the life insurance and pension business of tomorrow.

I would like to take this opportunity to highlight the seminal work performed by our customers, partners and the Itello team during 2020. Thanks to all of you, we can look back at several successful migrations during the year, helping our customers gain access to more integrations, automated processes and to effectively maintain compliance.

In Sweden, we successfully completed one of Itello’s largest implementation projects to date. This included transferring the fund trading of holdings for more than one million customers from a number of legacy systems to our platform Inca.

Itello’s business in Norway continues to grow. In November, our subsidiary Eikos AS signed a contract with KLP, Norway’s largest pension company and the dominant player in the municipal sector.