Case Study: Avida unifies its Nordic lending platform with Stacc

Avida - Customer Case Study

Avida Finans, a provider of financial products to consumers and businesses across Sweden, Norway, and Finland, faced the challenge of operating on a fragmented system. They needed a single, modern platform to unify their Nordic product portfolio, enabling them to innovate and become an industry leader. To address this, they partnered with vendor Stacc.

Stacc implemented a complete core solution that consolidated deposits, loans, revolving credits, and factoring onto one platform, which included automated lifecycle handling and an integrated ERP system. This allowed Avida to streamline its operations across the Nordics. As a result, all of Avida's customers were successfully migrated to the new platform. The unified system directly supported Avida's subsequent expansion, including its acquisition of Santander Consumer Bank's credit card and sales finance businesses in Sweden and Norway.

Avida