Norwegian EDB wins major contract to supply SWIFT services

Thursday 13 May 2004 09:05 CET | News

EDB Business Partner ASA has signed a contract to supply its new SWIFT-Service Connect service to a Norwegian bank.

The contract runs for five years and represents business volume of around NOK 45 million over its five-year term. EDB won this contract following its authorisation as a service bureau for SWIFT. SWIFT-Service Connect ensures that banks and other financial institutions can exchange financial instructions with their international partners at all times. This type of service is very dependent on maintaining high levels of operational stability and security at all stages, and therefore places particularly exacting demands on the supplier. This new service from EDB is based on more open and flexible communication platforms than previous systems used in this area. The development of this new service and EDBs authorisation as a SWIFT service bureau have created significant market potential for EDBs sales of business-critical services in this area. SWIFT Service Connect is supplied by EDB IT Operations, and this new service meets the high standards for security, reliability and integrity that SWIFT demands for this type of transaction processing. EDB IT Operations is fully committed to following the guidelines set by the SWIFT organisation and meeting its quality standards.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce


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