Norwegian financial institution Storebrand has announced the expansion of its partnership with Google Cloud, aiming to enhance innovation, improve customer experiences, and optimise operational costs. The collaboration will allow Storebrand, which serves over two million customers in Norway and Sweden, to leverage Google Cloud’s advanced technology to develop more efficient services and strengthen its growing retail business.
Headquartered in Oslo, Storebrand is a key player in the Nordic financial services market, offering pensions, savings, insurance, and banking products. By deepening its relationship with Google Cloud, the company aims to drive significant digital transformation across its operations. This includes optimising its developer platform using services such as Google Kubernetes Engine (GKE) and Cloud SQL to speed up the delivery of new, personalised offerings to retail customers.
Daniel Bjørkman, Senior Vice President of Cloud & Security at Storebrand, highlighted the importance of this partnership in driving the company’s growth. “We are thrilled to deepen our partnership with Google Cloud on our digital journey,” he said. “Google Cloud is a key driver in our strategy to continuously improve customer services and help grow our retail business.”
One of the key advantages of this expanded collaboration is Google Cloud’s secure infrastructure, which provides Storebrand with industry-leading privacy and security measures. With financial services being a sector where data protection is paramount, Google Cloud’s secure-by-design technology will play a critical role in safeguarding Storebrand’s customer data.
Eva Fors, Managing Director of Google Cloud’s Nordic region, emphasised the growing demand for better customer experiences in financial services. “Financial services customers are asking for the same level of ease-of-use and personalisation as their favourite retail brands,” she said. “Our partnership with Storebrand — a Nordic pioneer in the financial services market — will help address these emerging customer needs by using our secure and innovative cloud platform.”
Storebrand is also exploring further opportunities with Google Cloud, including its generative artificial intelligence (gen AI) solutions. By using AI-powered tools, Storebrand hopes to develop the next generation of financial services tailored to the evolving needs of its customers.
The partnership with Google Cloud is part of Storebrand’s broader digital strategy, which focuses on harnessing technology to deliver better services and experiences for its users. With the financial services landscape becoming increasingly competitive, the ability to offer personalised and efficient solutions has become critical for growth.
The use of cloud computing and AI is expected to play a major role in the development of new financial products and services, particularly in areas such as investment solutions and digital banking. Storebrand’s collaboration with Google Cloud signals a commitment to innovation in a rapidly changing market.
As the partnership progresses, both companies aim to continue developing solutions that improve the delivery of financial services while ensuring that customer data remains protected. By combining Storebrand’s financial expertise with Google Cloud’s advanced technology, the collaboration is expected to set new standards for the Nordic financial services industry.
This expanded partnership marks a significant step forward in Storebrand’s digital transformation efforts, highlighting the growing importance of cloud technology in modern financial services.
