A banking IT system developed in Estonia one of the best in the world

The international Banking Technology Awards has named an information system developed by two Estonian companies as one of last year’s best projects in the top banking technology shortlist.

The system was developed by the Estonian bank, Bigbank, and a banking software company, Icefire.

According to Sven Raba, the chairman of the Bigbank board, the development of the bank’s new information system is primarily aimed at improving customer experience and further growth.

“The new information system gives us all the prerequisites to provide our customers with the most modern and convenient banking services,” he said in a statement.

Icefire is a software company that specialises in software development for banks and financial institutions. Bigbank is specialised on consumer credit and term deposit based on Estonian capital and operates also in Finland, Sweden, Latvia, Lithuania, and Spain.

The Banking Technology Awards, taking place annually in London, recognise excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.


The cover image is illustrative.

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About the author: Estonian World

Estonian World is a global independent online magazine, founded in London in 2012 and headquartered in Tallinn, Estonia. The magazine has editorial representations in London, Chicago and Tallinn, and contributors all over the world, on every continent. Follow us on Facebook, Twitter, LinkedIn and Instagram.