(Oslo 26.05.2003) FöreningsSparbanken (Swedbank) of Sweden has signed an agreement with EDB Business Partner for a project to jointly develop a new Internet banking system for FöreningsSparbanken. The development project has a contractual value of some NOK 10 million. In addition EDB Business Partner gets access to components with an equivalent development value of some NOK 8 million.

 

This collaboration between FöreningsSparbanken and EDB Business Partner gives both parties the right to use the Internet banking solution that they will develop. The jointly developed Internet banking solution and components will then form part of EDB Business Partner's product range for banking and finance.

 

"We are continually developing new technical solutions in order to offer our customers the best financial products and services available in the market. We believe that EDB meets our criteria for both technical and commercial expertise, and we have therefore selected EDB as a suitable partner for the development of our new Internet banking solution", explains Gert Engman, CIO, FöreningsSparbanken.

 

"This agreement with FöreningsSparbanken serves to confirm that EDB is recognised for its cost-effective state of the art product development for banking and finance, and that we can meet the demands of a major Nordic bank for IT support. This collaboration with FöreningsSparbanken will develop expertise and new solutions that will help to strengthen both our product portfolio and also our expansion in the Nordic market", explains John-Arne Haugerud, CEO, EDB Business Partner.

 

Any enquiries may be addressed to:

John-Arne Haugerud, CEO, EDB Business Partner,

Tel. +47 23 32 45 01, +47 901 15 337

 

Gert Engman, CIO, FöreningsSparbanken,

Tel. +46-(0) 8-58 59 20 68