Banqsoft

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Banqsoft

Type

| Private

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Industry| Information technology
Founded| 1994; 29 years ago (1994)
Headquarters| Oslo, Norway

Key people

| Terje Kjøs (CEO), Espen Odland Larsen (CFO), Tobias Wikström (CCO)

Number of employees

| 400 (2023)
Website| www.banqsoft.com

Banqsoft, headquartered in Norway, is a provider of asset finance, digital banking, and credit management software to financial service companies such as BNP Paribas, Sandvik, Santander Consumer Bank, Toyota Financial Services, and Eika Gruppen.[1][2][3]

## History[edit]

Banqsoft was founded in 1994 by a group of IT professionals, primarily targeting Norway, Sweden, Denmark, Iceland, and Finland. It has since attracted customers on a global scale, and partnered with multiple industry players, such as Neonomics and Scrive.[4][5]

In 2015, Banqsoft became a fully owned subsidiary of KMD, which was acquired by NEC in 2019.[6][7] In 2020, Banqsoft acquired Norwegian software company Concent to expand its credit management and debt collection product line, and acquired part of Danish software firm E Foqus's Foqus Finance business.[8][9]

## References[edit]

1. ↑ "Strongholds of the Nordics", Nordic Fintech Magazine, Report on Nordic Fintech, 19 May 2022
2. ↑ "2022-2030 Asset Finance and Leasing Software Market", Yahoo News, Proficient Market Insights report, 23 September 2022
3. ↑ "Banqsoft - Customers", Banqsoft, Banqsoft Customers, 05 October 2023
4. ↑ "Neonomics, Banqsoft to expand payments through Open Banking", The Paypers,  News, 08 April 2022
5. ↑ "Scrive joins forces with Banqsoft", Scrive, News, 28 September 2023
6. ↑ "NEC Digital Finance Community", NEC, About Digital Finance Team, 05 October 2023
7. ↑ "Annual Report: Continued Growth for KMD, KMD, Press Releases, 28 March 2023
8. ↑ "NEC unit Banqsoft acquires E Foqus financial software business", Payments Dive, Foqus Finance Acquisition, 07 January 2020
9. ↑ "Banqsoft Acquires Concent to Expand and Broaden its Market Position", Nasdaq, Concent Acquisition, 11 August 2020

## External links[edit]

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