Storebrand Bank licenses TietoEnator's ProBroker for securities processing

Source: TietoEnator

Storebrand Bank has selected TietoEnator's ProBroker solution to provide the company's core securities operations.

The solution will serve Storebrand Bank in all phases of their securities processing, from trading through to clearing and settlement. Storebrand Bank will go live with ProBoker in August 2007.

TietoEnator has also signed an agreement for delivery of the capital market solution ProInvest, to Nordisk Energiforvaltning ASA (NEF) as the front and back-office solution supporting their asset management in the energy sector. ProInvest will serve NEF as the solution for customers' holdings, order entry and redemption as well as clearing and settlement. NEF will go live with ProInvest during autumn 2007.

The agreements strengthen TietoEnator's position as a key vendor in the Nordic countries for capital market solutions.

TietoEnator Capital Market Solutions provides a range of solutions to serve the entire value chain related to securities trading, account administration, fund management and private banking, and is the market leader in the Nordics in terms of size, competence and solutions.

Helene Helvik, Head of TietoEnator Capital Market Sales, said: "We are delighted that two companies as diverse as Nordisk Energiforvaltning and Storebrand Bank have selected TietoEnator to deliver the tools to run their capital markets business. We welcome Nordisk Energiforvaltning and Storebrand Bank into our user community and look forward to a close cooperation to support their future business development.

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