PRESS RELEASE
Coop Norge selects Knowit and Mambu to modernise core banking platform
Amsterdam, Netherlands 18 August 2025
Coop Norge SA (Coop) has selected Knowit and Mambu to implement a new core banking system to manage member deposits. The new solution, powered by Mambu’s cloud-native core banking platform and seamlessly integrated into Coop’s infrastructure by Knowit, will modernise and streamline the management of millions of member accounts across Norway.
Coop is owned by 57 independent cooperatives with a combined membership base of over 2.3 million individuals. Each member is required by law to make a membership deposit when joining a cooperative, and may also make voluntary deposits which earn interest. These accounts are a cornerstone of Coop’s member offering, and the new core banking system will ensure they are managed with security, transparency, and scalability.
“As a cooperative with millions of members and a long-term responsibility to safeguard their deposits, Coop needs a future-proof core banking solution. We are excited to work with Knowit and Mambu to deliver a modern platform that will support efficient operations, ensure regulatory readiness, and improve the overall member experience.”
Jens Olav Bjørnson
Head of Digital channels, loyalty and marketing technology
Coop Norge
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