Norwegian Storebrand Bank signs a new five-year contract with EDB

Monday 22 December 2003 09:53 CET | News

Storebrand Bank has signed a contract with EDB Business Partner for solutions and operating services for its core banking activities and new credit systems.

The agreement runs for five years from 2004 to and including 2008, and represents total business volumes of around NOK 130 million. EDB Bank & Finance currently provides solutions and infrastructure for Storebrand Banks core banking systems for deposits, accounting and reporting, payment services, self-service, branch office systems and sales. The new contract represents a five-year renewal of this relationship, and replaces existing contracts with Storebrand AS and Finansbanken ASA. In addition the renewal now includes new networked credit solutions for the banks account officers, customers and agents as well as the conversion of Storebrand Banks lending portfolio from in-house systems to new credit solutions supplied by EDB. The new credit solutions from EDB will support the banks business processes for loan administration and credit approval, and will also make it possible for the banks customers to apply for loans through the internet banking service. The operating services element of the contract will be provided by EDB IT Operations.

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Categories: Payments & Commerce | Payments General
Countries: World
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