Svenska Handelsbanken licenses TietoEnator ProSwitch for SwiftNet overhaul

The ProSwitch installation is to form the cornerstone of a major overhaul of payments processing at the bank as part of the mandatory upgrade path to the IP-based SwiftNet, says Ellen Johnn, IT and business analysis at Svenska Handelsbanken

Mikael Sundkvist, in charge of Swift business development at the bank, adds: "ProSwitch will also enable us to centralise the Swift traffic for our foreign branches and subsidiaries."

He says the agreement may be extended to include Svenska Handelsbanken's foreign branches.