Bankit

What Bankit does

BankIT AS is a Norwegian B2B IT services and software provider specializing exclusively in the banking sector. Founded in 2013 and headquartered in Oslo, the company operates with a small team of 1-10 employees and offers a dual portfolio of proprietary software frameworks and professional consultancy services aimed at banking institutions. The business has no disclosed subsidiaries, investors, patents, or third-party partnerships, and operates as a privately held, self-funded entity.

The company's product suite consists of two frameworks. The Marketing Automation Framework supports customer acquisition and retention by targeting profitable banking customers. The System Integration Framework is designed to reduce integration and operational costs within banking IT environments. The services portfolio spans requirements analysis, vendor selection, system development, integration, migration, data warehouse design, business intelligence, and marketing automation consulting. The combined offering suggests a consultancy-led engagement model in which proprietary software extends and productizes the professional services delivered, with the framework products likely serving as reusable assets across multiple bank engagements rather than standalone enterprise software.

BankIT operates a sales-led, direct go-to-market targeting banks exclusively in Norway. The revenue model combines software licensing with professional services revenue, and there is no indication of channel partners, resellers, or marketplace distribution. No public funding rounds, investor disclosures, patents, or partnership announcements are documented. The company remains a small, domestically focused niche player in the Norwegian banking IT market with no disclosed expansion beyond its home geography, and the input data does not include any named customer references, ARR figures, or growth indicators.

Name

Bankit

Legal name

BankIT AS

Website

https://bankit.no

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

BankIT AS provides IT systems and consultancy services exclusively to the banking industry in Norway, offering proprietary Marketing Automation and System Integration frameworks alongside professional services in system development, integration, data warehousing, and business intelligence.

Ownership category

akta.pro rank

Product category

Banking IT Software

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Banking IT systems
• Marketing automation software
• System integration software
• Banking consultancy services
• Banking software solutions

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Solutions: Revenue generated from licensing and providing Marketing Automation Framework and System Integration Framework to banking institutions.
2. Consultancy Services: Professional services revenue from requirements analyses, independent advice, vendor selection, system development, system integration, system migration, data warehouse design, business intelligence, and marketing automation consulting.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Bankit (legal name BankIT AS) provides IT systems for the banking industry, consisting of two proprietary software frameworks — the Marketing Automation Framework (to attract and retain the most profitable banking customers) and the System Integration Framework (to reduce integration and operational costs for banking IT environments). Alongside the software, the firm delivers professional consultancy spanning requirements analyses, vendor selection, system development, integration, migration, data warehouse design, business intelligence, and marketing automation advisory.

Product overview

Bankit offers a dual portfolio combining software solutions and consultancy services for the banking industry. The software portfolio includes the Marketing Automation Framework (for customer acquisition and retention) and the System Integration Framework (for reducing integration costs). The consultancy services span the full system lifecycle: requirements analyses, vendor selection, system development, integration, migration, data warehouse design, business intelligence, and marketing automation.

Differentiator

Problem solved

Functional benefit

Products and services

• Marketing Automation Framework

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves3 records

Broad incumbents

• Temenos: Temenos is a Swiss banking software vendor offering core banking, digital, and analytics products used by European and global banks. It overlaps with BankIT's system integration and BI/data warehouse consultancy work as banks implement and integrate Temenos platforms.
• Salesforce (Financial Services Cloud): Salesforce's Financial Services Cloud delivers CRM, customer engagement, and marketing automation tailored to retail and commercial banks. It competes directly with BankIT's Marketing Automation Framework as a horizontal CRM scaled into the banking vertical.
• Capgemini: Capgemini is a global IT consultancy with a substantial Financial Services practice covering banking system integration, data/BI, and digital transformation. It competes with BankIT for Norwegian bank consultancy mandates, but as a broad incumbent rather than a banking-only niche specialist.
• Accenture: Accenture operates a large global Financial Services consulting practice that delivers banking IT strategy, integration, and modernization programs. It competes with BankIT for enterprise consulting work, but at a vastly larger scale and with a much broader service portfolio.
• Avaloq: Avaloq (now part of NTT Data) provides core banking software and digital banking platforms, with associated integration and consulting services. It competes with BankIT for system integration and banking IT consultancy engagements, especially across European banks.

Emerging players

• Thought Machine: Thought Machine provides a cloud-native core banking engine (Vault) adopted by global banks, generating demand for system integration and migration services that overlap directly with BankIT's banking integration and migration consultancy.
• Backbase: Backbase is a Dutch digital banking platform provider whose Engagement Banking product directly overlaps with BankIT's Marketing Automation Framework, helping banks personalize customer acquisition and retention across digital channels.
• nCino: nCino provides a cloud-based banking operating system with embedded CRM and customer engagement functionality for commercial and retail banks. Its CRM capabilities directly overlap with BankIT's Marketing Automation Framework for profitable customer acquisition.
• Mambu: Mambu is a cloud-native core banking platform used by challenger and incumbent banks, frequently requiring integration with existing systems — work that overlaps with BankIT's System Integration Framework and consultancy offerings.

Direct peers

• Tietoevry: Tietoevry is the leading Nordic IT services and software provider with a dedicated Banking & Financial Services practice headquartered in the Nordics. It is the most direct competitor to BankIT, offering banking-specific software, system integration, and consultancy across Norway, Finland, Sweden, and the Baltics.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key risks6 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Bankit