BEC trims expenses

supplier to Danish banks, BEC Financial Technologies, contributes to reducing costs, including through outsourcing to Accenture and JN Data, nearshoring in Poland, and decommissioning of old systems.

As part of this ongoing optimization, BEC has today closed 27 positions in Denmark, corresponding to 3 percent of the company’s employees in Denmark.

“Every year, we methodically reduce existing costs through efficiency improvements, transitioning positions to Poland and outsourcing to ensure both a flat bill development for the member banks and financing for new IT solutions. In relation to the reduction of staff in Denmark, we have so far been able to adapt through natural attrition, but this year, regrettably, that has not been sufficient, and 16 out of the 27 positions are therefore dismissals,” says Jesper Nielsen, CEO of BEC.

Optimizing and freeing up development capacity through outsourcing

Last year, BEC announced an agreement with Accenture, which will take over approximately 16 percent of BEC’s system portfolio and the equivalent of approximately 100 full-time positions. BEC has now determined the final systems and positions to be transferred. This means that all the planned systems and positions will have been moved to Accenture by October 1 this year.
Similarly, in 2024, BEC expanded its operational collaboration with JN Data when it outsourced a number of operational tasks and 71 employees to JN Data.

“Accenture and JN Data help us streamline our work with existing solutions, while we can focus on delivering new technology to the banks,” says Jesper Nielsen, who also emphasizes that Accenture can very quickly scale up in areas where BEC needs extra IT developers at times.

“We ensure flat costs for our customers, while building up a significantly greater development muscle for the same money, because we, in recent years, have restructured positions to Poland, outsourced to Accenture and JN Data, and moved resources from operations to development. This gives the BEC banks a significant competitive advantage, which will only grow in the coming years,” says Jesper Nielsen.

He also highlights opportunities for further efficiency improvements when Spar Nord becomes part of Nykredit, because the merger will result in less complexity in BEC and thus the opportunity for further economies of scale.