||This article appears to be written like an advertisement. (December 2008)|
|Type||Information technology company|
|Industry||Information technology for financial services|
|Key people||Sæmundur Sæmundsson, Chief executive officer|
|Products||Banking and financial services,|
Teris is an Icelandic software company focusing on servicing the financial sector. Originally founded as Tölvumiðstöð sparisjóðanna (The Saving Funds computer centre) it changed its name on March 23 2007 to reflect changes in clientele and ownership.
Its headquarters are in Kópavogur and currently has about 150 staff members, having doubled in size in the last 2 years.
Teris’ predecessor, Tölvumiðstöð sparisjóðanna (The Computer Centre of the Icelandic Savings Banks) was founded in March 1989 by six of the largest savings banks in Iceland together with Lánastofnun sparisjóðanna (The Savings Banks Lending Organization – now renamed Icebank). Other savings banks soon joined the partnership.
Originally the Computer Centre functioned simply as the computer division for the savings banks. Gradually the number of shareholders increased, more finance companies joined the group and the firm expanded.
Teris provides services not only as a dedicated computer department, but also sells software to several financial institutions and companies in Iceland, The Faroe Islands and Norway. In 2007 it signed a contract to use SAS System for many of its solutions.
For many years Teris has operated and supported the deposit and loan system Flexcube from i-flex.