Cicero Consulting

What Cicero Consulting does

Cicero Consulting AS is a Norwegian product and analysis company with deep specialization in the banking and finance sector. Founded in 1990 and headquartered in Oslo at Stortingsgata 6, the firm delivers market insight and technology advisory to leading and niche players across the Norwegian financial industry. Its service portfolio spans four lines: fixed and ad-hoc market reports and analyses, bespoke strategic advisory, innovation and concept development, and a proprietary technology platform — Cicero Financial Solutions (CFS) — which enables applications for savings and investment. The firm also produces the biweekly "Under lupen" (rebranded "Think twice") podcast covering Norwegian banking and insurance trends, and publishes trend reports in collaboration with parent Itera.

The firm operates as a B2B consulting business targeting Norwegian banks, insurance companies (P&C), and adjacent financial institutions. Distribution is direct and relationship-driven, supplemented by content marketing through its website, blog, podcast, email newsletter, and industry events such as breakfast seminars and webinars. Pricing is not publicly disclosed and is presumed to be quote-based and project-specific. The team is small (firmographics indicate 11–50 employees) with named specialists including Petter Solerød (Head of Analysis, Banking & Fintech), Elisabeth Solberg (Analysis Manager Insurance), Petter Nybakk (Analysis Manager Banking), and Marc Vonlanthen.

Cicero Consulting is a wholly-owned subsidiary of Itera, a Norwegian strategic operating company, which provides corporate backing, shared infrastructure, and co-branded content distribution. The firm is privately held, does not appear on any stock exchange, and does not disclose revenue or funding. Its strategic positioning combines vertical domain expertise with parent-company technology delivery capability, targeting Norwegian financial institutions navigating digital transformation, AI adoption, open finance, ESG/sustainability requirements, and mobility disruption.

Name

Cicero Consulting

Legal name

Cicero Consulting AS

Website

https://cicero.no

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Cicero Consulting AS is a Norwegian market research and advisory firm specializing in banking and finance, providing market reports, strategic advisory, innovation consulting, and a savings/investment technology platform (CFS) to Norwegian banks and insurers.

Ownership category

akta.pro rank

Product category

Financial Services Consulting

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPAHACAA

Strategy & Corporate Development Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

SECONDARYBPAHACAF

Financial Management & Performance Improvement Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

SECONDARYBPAHACAG

Customer, Marketing & Sales Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

Keywords

• Financial sector consulting
• Banking advisory services
• Insurance market research
• Fintech consulting
• Financial trend reports

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Distribution channels3 records

Marketing channels5 records

Core offering

Cicero Consulting AS is a Norwegian product and analysis firm delivering market insight and technology advisory solutions to banks and insurance companies. Its offering spans fixed and ad-hoc market reports and analyses, strategic advisory, innovation and concept development, and the proprietary Cicero Financial Solutions (CFS) platform, which powers savings and investment applications for financial institutions.

Product overview

Cicero Consulting is a Norwegian market and analysis firm specializing in the banking and finance sector. The company offers a portfolio of consulting services including fixed and ad-hoc market reports and analyses, strategic advisory, and innovation consulting. Its main technology product is Cicero Financial Solutions (CFS), a platform enabling savings and investment applications. The firm also produces the 'Under lupen / Think twice' podcast series and publishes trend reports on the future of Norwegian finance in collaboration with parent company Itera.

Differentiator

Problem solved

Functional benefit

Products and services

• Rapporter og analyser (Reports and Analyses)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Bain & Company: Global strategy consultancy with a dedicated Financial Services practice. Comparable as a competitor for senior-level strategy and innovation mandates in Norwegian banking and insurance.
• Capgemini Invent: Global digital innovation and consulting arm of Capgemini with a dedicated financial services practice. Comparable as a competitor for transformation and innovation mandates in Norwegian banking/insurance, though it operates much more broadly.
• Accenture: Global professional services firm with a large financial services practice and significant Nordic presence. Comparable in competing for digital transformation and strategy mandates in Norwegian banking and insurance.
• PA Consulting: Global consultancy with strong financial services expertise across innovation, technology, and regulation. Comparable as a competitor for innovation-led FS engagements, particularly around digital and regulatory transformation.
• EY-Parthenon: Strategy consulting arm of EY with strong financial services coverage in the Nordics. Comparable as a competitor for corporate strategy and M&A advisory work at Norwegian financial institutions.
• KPMG Norway: Norwegian member firm of the Big 4 with a strong financial services consulting practice serving banks and insurers. Comparable as a competitor for advisory mandates targeting Norwegian financial institutions.
• McKinsey & Company: Global strategy consultancy with a dedicated Banking & Insurance practice serving Norwegian financial institutions through its Oslo office. Comparable as a competitor for strategy and transformation engagements.

Direct peers

• BearingPoint: European management and technology consultancy with a strong financial services practice serving banks and insurers across the Nordics. Comparable to Cicero in its vertical FS focus and blend of strategic advisory with technology/regulatory consulting.
• Implement Consulting Group: Nordic-based management consultancy serving Scandinavian clients with strategy and operations advisory. Comparable to Cicero in its Nordic regional focus and mid-size advisory model targeting enterprise clients.
• Tietoevry: Nordic IT and digital services firm with a dedicated banking and financial services business serving Norwegian banks. Comparable to Cicero in serving the Norwegian FS market with combined advisory and technology capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeopen.spotify.com/show/3q6DYL9Nw0xfHc1M6emHR2?si=b31f0TmaRweI-7YgzjfCcA
• LinkedInlinkedin.com/company/cicero-consulting
• Xx.com/cicero_no

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cicero Consulting