Meniga is thrilled to announce having been selected as the PFM provider of Iceland’s two largest retail banks, Arion and Landsbanki, making Meniga’s PFM solution available to over 90% of Icelandic retail banking customers – the widest national reach of any PFM solution to date. 

“After the unqualified success of Meniga’s deployment with Islandsbanki in 2009, we are very pleased to be able to also offer Meniga’s PFM solution to the customers of Arion and Landsbanki. We are convinced that we will see the same level of high adoption and customer satisfaction that we’ve seen with Islandsbanki. We are also excited about working with all three major Icelandic banks on new offerings, to be announced soon, aimed at helping banks realize unparalleled ROI from PFM by better aligning their retail banking offerings to the possibilities offered by PFM." 
Says Georg Ludviksson, CEO and Co-Founder of Meniga. 

Both Arion and Landsbanki have around 30% market share in retail banking in Iceland and Meniga estimates that over 25% of Icelandic households will be using its PFM solution before the end of 2011. These two new deployments also mean that Meniga’s PFM solution has the most implementations of any white-label PFM solution in Europe. 

About Meniga: – http://www.meniga.com 
Meniga is a Nordic software company with operations in Stockholm and Reykjavik. Since 2008 it has been building a best-of-breed PFM solution that rivals any PFM solution available in the world today in terms of functionality, usability, scalability and security. Meniga is a pioneer in PFM in Europe and has seen excellent user feedback and engagement metrics since it launched its PFM solution in 2009. 

About Arion: - http://www.arionbanki.is 
Arion Bank is a leading Icelandic bank offering universal financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients. 

About Landsbanki: - http://www.landsbanki.is 
Landsbankinn is a leading Icelandic financial institution. Landsbankinn offers a full range of financial services and is the market leader in the Icelandic financial service sector with the largest branch network. Focused on commercial banking in the domestic market, Landsbanki provides retail and corporate banking services, capital markets services, asset management and wealth management for private banking clients.