Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

NORWEGIAN SECURITIES FIRM CHOOSE BRICKNODE BROKER

Christiania Securities AS has chosen to abandon the Tieto system that has been the dominating back office system in the Norwegian securities market for years.

The company now migrates to a system built by Glofietch Solutions, a Swedish company. The system implemented is based on Swedish Fin Tech pioneer Bricknode’sBricknode Broker.

Christiania Securities has, just like many other securities firms in Norway, worked with IT giant Tieto’s system. But when Christiania, which was founded in 1995, last year came in contact with Logitech and Bricknode, they began contemplating a move to another IT solution. It wasn’t an easy decision, however.

Kristian Berg, CEO of Christiania Securities:

– Migrating a whole securities operation to a new IT system is a big commitment. In our business the tolerance for technical problems is limited, to put it mildly. But during our talks with Glofitech and Bricknode we became convinced they were up to the task.

The new IT solution has been tailored and implemented by Glofitech, to fulfill Christiania’s specific needs. Among other things, they wanted a special function for tracking real-time value of mortgage deeds.

– Yes, we have tailored some solutions, says Jack Lystrup Johansson, CEO of Glofitech. But that is generally quite easy since we work with open software and Bricknode’s API. In this case, we did some of the work, while Christiania did some themselves.

Implementation of the new IT solution was made at the end of 2017.