Nordea Partners with Zycus for Source-to-Pay Transformation
PRINCETON, N.J. – [September 22th, 2026] – Zycus, which delivers Autonomous Procurement with Agentic AI, today announced that Nordea has selected Zycus as its Source-to-Pay platform provider. Nordea will implement the Zycus Merlin Agentic Platform as part of its procurement transformation.
The Merlin Agentic Platform brings native Intake and an end-to-end Source-to-Pay suite together within a single architecture, with Agentic AI embedded in every process, spanning sourcing, contract lifecycle management, supplier management and supplier risk.
Zycus works with banking and financial services organisations across Europe and globally, in an environment where supplier oversight, auditability and operational resilience requirements continue to increase.
“European banks are modernising procurement to achieve greater consistency and oversight across large supplier bases,” said Aatish Dedhia, Founder and CEO, Zycus. “We look forward to supporting Nordea’s Source-to-Pay programme.”
About Nordea
Nordea is a leading Nordic financial services group and the preferred choice for millions of customers across the region. For more than 200 years, Nordea has served as a trusted financial partner for individuals, families and businesses — enabling dreams and aspirations for a greater good. Headquartered in Helsinki, Finland, Nordea serves approximately 9 million private and over 500,000 active corporate customers across Finland, Sweden, Denmark and Norway. Nordea’s vision is to be the best-performing financial services group in the Nordics, accelerating through its scale, people and technology. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. For more information, visit www.nordea.com.
About Zycus
Zycus delivers Autonomous Procurement, taking enterprises from Intake to Outcomes with Agentic AI.
Traditional platforms stop at Source to Pay, which is process automation. Zycus runs the full span from intake to outcomes, and puts Agentic AI in charge of it. That is what makes procurement autonomous.
At its core is the Merlin Agentic Platform, a single architecture that brings native Intake and an end to end Source to Pay suite together, with Agentic AI embedded in every process.
The platform executes toward outcomes, not workflows. Merlin Intake guides every request from the moment it is raised. Merlin Autonomous Negotiation Agent unlocks savings that would otherwise go untouched. Merlin Autonomous Sourcing turns business needs into awarded contracts. Across everything in between, from spend analysis and supplier risk to accounts payable, Agentic AI acts on the enterprise’s behalf.
Zycus is recognized as a leader in Source to Pay by Gartner, Forrester, IDC, and customers worldwide. For more information, visit www.zycus.com.
