EDB bags two Nordic bank contracts

EDB bags two Nordic bank contracts

EDB Fellesdata has won two new contracts with Finansbanken and Norway's Sandnes Sparebank for its banking software and computer operating services, worth Nkr35 million and Nkr25 million, respectively.

Finansbanken has signed a three year, Nkr35 million contract with EDB Fellesdata which extends an existing agreement for the supply and operation of banking systems. The deal includes the purchase of new applications for financial management, foreign exchange, credit processing and loan administration.

Sandnes Sparebank has entered a four year contract with EDB Fellesdata, worth Nkr25 million, for the development of new e-banking features for the bank's Internet portal, as well as the total integration of all the features of the portal system.

EDB Teamco will supply computer operating services for both agreements.

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