EDB is to deliver a platform for card issuing for both the retail and corporate markets. The solution to be delivered will be a further development of EDB's solutions in this area that are currently used by a number of domestic and international banks. The service comprises a web-based solution for card administration and user support together with an interface to the international card networks, including Visa and MasterCard, as well as operating services. The services that Aktia will use are independent of geographic location, and do not need a local installation.

 

"This is a strategically important agreement for EDB, and gives us a foothold in the Finnish card market. We look forward to working with Aktia to help ensure that the bank can offer its customers the best possible card services in the future", comments Eva Trasti, Acting EVP, Bank & Finance, at EDB.

 

"We have chosen EDB for card services because the company has strong international solutions that meet a large part of our requirements. In addition, EDB has demonstrated that the company has both professionalism and in-depth expertise in our areas, and this is a very important factor in our choice of supplier", explains Peter Böckelman, Managing Director of Aktia Kort & Finans AB. 

 

Aktia is a bilingual Finnish savings bank that responds to the needs of its customers: private individuals, local companies, municipalities, and non-profit organisations. Aktia has 74 branch offices, mainly situated around the coast and in growth areas inland. With its partner savings banks and local co-operative banks, Aktia operates an extensive network of about 410 branch offices. The Aktia Sparbank Abp group includes Aktia Asset Management Oy Ab, Aktia's real estate broking business, Aktia Fondbolag Ab, Aktia Hypoteksbank Abp and Aktia Kort & Finans.

 

EDB's card solutions
EDB's card solutions are certificated by all the major card issuers and are based on international components that are adapted to each country's domestic infrastructure. As many as 160 Norwegian and foreign banks currently use card solutions from EDB.

 

Card and payment services represent an area characterised by rapid internationalisation and deregulation. EDB responds to these changes by offering solutions that allow customers to choose their business model and business partners. EDB's card services give customers a competitive advantage through economies of scale and flexibility. By using standardised components, EDB makes it possible for each bank to structure the solution it requires for its particular strategy.