Settlement service

NBO INST readiness for Norway

Norway’s new payment backbone is coming. Tieto Banktech helps banks prepare faster, reduce risk, and connect with confidence.

Transition overview

The shift affects everything

NBO INST is more than a new settlement service. Banks need to modernise infrastructure, maintain continuity, manage liquidity in real time, and stay compliant during the move from NICS Real to a 24/7 instant payment environment.

Delivery timeline

NBO INST rollout timeline

Key milestones from decision to live operation:

What banks need now

Prepare with confidence

Three priorities for a secure and resilient transition.

  • 1

    Readiness and migration

    Assess current systems, plan the move, and align with Norges Bank and TIPS requirements.

  • 2

    Resilient operations

    Support always-on processing, service continuity, and 24/7 liquidity management.

  • 3

    Future growth

    Build a foundation for instant payments, cross-border potential, and future services.

Why Tieto Banktech
Tieto Banktech brings decades of Nordic payment infrastructure experience, proven instant payment deployments, and ISO 20022-native components to support Norwegian banks on the path to NBO INST. We help banks with readiness assessment, migration, integration, and managed operations.

What we support

Support at every stage

We support banks with:

  • Consultancy and readiness assessment
  • Migration and integration with TIPS and Norges Bank’s settlement interface
  • Managed services for 24/7/365 availability
  • Operational support built for resilience and scale
  • Experience from instant payment infrastructures across the Nordics

We also support Straks 2.1 services in Norway today, giving us direct insight into local transaction flows and operating requirements.

FAQ

Common questions

Let’s talk

Plan your NBO INST transition

Speak with our team about readiness, migration, and operational support for Norway’s new instant payment infrastructure.