17 October 2017
Register now

GE Money Bank signs seven year Nordic deal with EDB

04 July 2007  |  2272 views  |  0 Source: EDB

GE Money Bank has entered into an agreement with EDB for banking solutions and operating services for its activities in Denmark and Norway, with an option to extend to the other Nordic countries and the Baltic States.

The agreement runs for 7 years, and represents expected total contract value in the first phase of NOK 160 million.

EDB will deliver standard components for cards, payments and reporting to the authorities. In addition, EDB will supply a general customer account ledger system based on FLEXCUBE from i-flex.

International breakthrough
"This is an international breakthrough for EDB's solutions portfolio, and demonstrates that our strategy for the banking and finance market is proving successful. GE Money Bank is a large and exciting player in the international banking market, and this agreement opens the door to long term collaboration with the bank in the European market in a number of areas", comments Endre Rangnes, CEO of EDB.

EDB offers platform-independent solutions for bank offices, payment services, card systems, self-service banking and related services, combined with FLEXCUBE solutions from i-flex.

EDB and i-flex agreed in Autumn 2005 to collaborate as preferred partners for the Nordic region, and this contract represents a breakthrough for this collaboration.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14538 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13128 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
9005 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7985 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7658 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job