Teris was an

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

ic software company that focused on servicing the

financial sector Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance. The financ ...

. It was founded as Tölvumiðstöð Sparisjóðanna (Savings Banks Computer Centre), and changed its name on March 23, 2007, to reflect changes in clientele and ownership. In 2012, Teris merged with Reiknistofa Bankanna

History

Teris’ predecessor, Tölvumiðstöð Sparisjóðanna, was founded in March 1989 by six of the largest savings banks in Iceland together with Lánastofnun Sparisjóðanna (the Savings Banks Lending Organization – renamed Icebank). Other savings banks soon joined the partnership. The Computer Centre began as the computer division for the savings banks. Gradually the number of shareholders increased, more finance companies joined the group and the firm expanded.

Services

Teris provided services as a dedicated computer department, and sold software to several financial institutions and companies in Iceland, the

Faroe Islands The Faroe Islands ( ) (alt. the Faroes) are an archipelago in the North Atlantic Ocean and an autonomous territory of the Danish Realm, Kingdom of Denmark. Located between Iceland, Norway, and the United Kingdom, the islands have a populat ...

and

Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

References

Software companies of Iceland Financial services companies of Iceland {{Iceland-company-stub