Nordnet accelerates its digital transformation with Google Cloud

image of clouds | Nordnet and Google Cloud

Nordnet, the leading Nordic digital platform for savings and investments, has expanded its five-year partnership with Google Cloud to drive innovation and accelerate its transition to the cloud.

Leveraging Google Cloud’s secure infrastructure and data analytics services, Nordnet can deliver reliable and dynamic experiences to its customers across the Nordics. By 2025, the company expects that the majority of its online offering will be underpinned by cloud technology.

For several years, Google Cloud has played a crucial role in Nordnet’s digital transformation journey and has helped the company migrate a significant number of applications to the cloud. Nordnet’s 1.7 million customers have already benefited from a more stable investment platform and the addition of new cloud-based services.

This partnership has enabled Nordnet to create a more robust platform with enhanced performance during busy trading periods, enhanced security capabilities and additional services to provide investors with better insights into their investment portfolios. During the pandemic, Nordnet was able to scale up without interruptions, switch to a more data-driven development approach and build the foundations to further democratize savings and investments for its customers.

Eva Fors, managing director, Google Cloud, Nordic Region, said: “Nordnet is part of an industry that is continually transforming and adapting to change, and we’re very proud to partner with them on its journey to the cloud. Using Google Cloud technology and machine learning capabilities, Nordnet can now equip and empower its entire organization with the tools to create personalized customer experiences – with security at the core.”

“We realized that the rapid changes in customer needs, both now and in the future, would be best served by creating a more dynamic IT infrastructure in a cloud environment,” said Elias Lindholm, CTO, Nordnet. “The transition to the cloud has made us more agile when handling complex workloads and creating new or improved customer experiences. We are pleased to expand our partnership with Google Cloud, as we share a similar approach to innovation, and we are excited to build the next generation of financial services solutions together.”