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Safeguarding Iceland’s financial services backbone

March 31, 2021

Reiknistofa bankanna (RB) is a provider of mission critical IT systems for Icelandic financial institutions, responsible for the country’s central clearance and settlement system and a number of multi-tenant core banking solutions. It also operates an e-invoicing and e-payment system for corporates and consumers. It is jointly owned by the three main Icelandic banks, two saving banks, the Icelandic Savings Bank Association and the three main payment card processors in Iceland. RB’s clients are these banks, the Central Bank of Iceland and other financial institutions as well as the government and public entities. With solutions operated in multiple data centres and in a shared multi-bank environment, RB sought a flexible technology partner that could ensure the highest levels of operational security, cost efficiency and resilience.

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