The Länsförsäkringar Alliance of regional insurance companies in Sweden has signed a contract to appoint EDB as its total supplier of card services.
The contract represents total business volume of at least SEK 50 million and runs for five years. Winning this contract represents a breakthrough for EDB's card services in the Swedish market.
The contract provides for EDB to take on responsibility for the entire infrastructure of Länsförsäkringar's card activities. EDB will deliver a cost efficient and flexible solution that will pave the way for Länsförsäkringar to expand its banking activities rapidly. The contract will also help Länsförsäkringar to free-up resources in order to place even greater focus on its customer offer and to continue its rapid expansion in the Swedish banking market. Länsförsäkringar currently offers both banking and payment cards as part of its overall offer for banking and insurance. Länsförsäkringar is a leading player in the Swedish financial market and manages assets of SEK 173 billion.
"This cost-efficient solution will give us greater flexibility and help us to offer our customers an even better service. By choosing EDB as our supplier we have gained a skilled and professional partner", comments Johan Nyman, Head of Savings and Payments at Länsförsäkringar Bank AB.
"Länsförsäkringar's decision to choose EDB as its partner represents an important breakthrough for EDB in the card services market in Sweden. We believe that Länsförsäkringar's choice of EDB confirms the strength of the services we offer for the banking and finance sector", explains Eva Trasti, Director EDB Bank & Finance. EDB delivers services to over 160 customers in the European banking and finance sector.