Zalaris

Regulatory Filings • Oct 1, 2021

Nordea Liv Norway selects Zalaris for payment outsourcing services

Nordea Liv Norway selects Zalaris for payment outsourcing services

Zalaris ASA has signed a five-year agreement to provide outsourced payment

services to Nordea Liv's approximately 45,000 customers receiving pension

services in Norway.

Nordea Liv (https://www.nordealiv.no/) is part of the Nordea Group and is

Norway's 3rd largest private life insurance company. Nordea Liv offers

occupational pensions, life insurance and savings products for approx. 21,600

companies and more than 700,000 private individuals.

As part of the agreement, Zalaris will manage the payment and reporting of the

various benefits Nordea Liv provides to its customers receiving pension services

in Norway. The services will be based on Zalaris cloud infrastructure -

seamlessly integrated to Nordea Liv' applications for calculation of the various

benefits being offered.

Nordea Life, which has received similar services from Zalaris for its own

employees for more than 15 years, will now also benefit from the same platform

and service capabilities - offering a more modern platform for processing

payments to its own customers. Furthermore, this also shows Nordea's and

Zalaris' commitment to explore joint business opportunities beyond the

collaboration that has existed since 2006.

"Zalaris has been a reliable partner to the group for several years now, and we

are pleased to bring their digitised and automated technology to serve our

customers as well. Streamlining our payment processes, ensuring secure and

timely payments to our customers, is a crucial step towards fully automated

payment solutions for Nordea Life and Pensions." says Hans-Erik Lind CEO Nordea

Liv.

"We are proud to expand our relationship with Nordea and to support Nordea Liv

delivering a modern and digitalised platform - managing payments of the various

benefits they offer to their more than 45,000 customers receiving their pension

from Nordea Liv. This agreement also represents our second customer within a new

service offering. We believe this will be seen as positive in the market -

providing a modern, cloud-based experience for other life insurance and pension

providers." says Hans-Petter Mellerud, CEO and founder of Zalaris.

Contact:

Hans-Petter Mellerud, CEO and founder

Mobile: +47 928 97 276

E-mail: hans-petter.mellerud@zalaris.com

About Zalaris

Zalaris simplify HR and payroll administration, and empower you with useful

information so that you can invest more in people. We are a leading service

provider of Human Capital Management (HCM) solutions across Europe, serving more

than 1.5 million employees monthly with an annual revenue of 78 million Euros

(2020). We hold #1 or #2 positions in most of our markets. Our consultants have

more than 21 years of experience in transforming HR with our clients. Simplify

work life. Achieve more. For more information about us, go to zalaris.com.