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History of NFS

The modern treasury function was created in the 1980-ties when the financial markets were deregulated and financial risks could be off-loaded in the financial markets. Besides the deregulation the evolving information technology made treasury activities expand very fast. The Scandinavian countries early adopted this evolution especially in the technical field and there were a large amount of Treasury Management System vendors starting – of which Simcorp and Trema (now Wall Street Systems) were the most successful. Scandinavian corporate treasury practices were among the leaders in the late 80-ties and early 90-ties by ABB, Volvo, Electrolux and Ericsson and other large multinational companies. It was with that background NFS was created.

However we early realized that treasury and business would be globalized and virtualized and that Scandinavia was a too limiting geographical area to reach our long term growth targets. We therefore decided to expand our geographical scope to cover a larger region with a niche offering and at the end of the 90-ties we had expanded our market to include Western Europe, Americas and Asia Pacific.

The original business mission of NFS was formed in 1992-94 from Magnus Lind ’s – the founder – experiences of corporate and bank’s treasury operations. Their IT solutions are very complex and they did not have any internal or external counterpart to assist in issues relating to support and development. This was and still is especially true for many corporate treasury, asset managers, central banks, government debt offices and bank treasury. Treasuries usually have very few users and the internal IT support is not sufficiently specialized.

Over the last few years NFS has expanded its scope to cover a larger area of treasury consultancy. NFS has customers in over 30 countries in three time zones and is a privately held company.