The agreement runs for five years and represents total contract value of around NOK 60 million, which will be entirely new revenue for EDB.

EDB's Infobank solution gives users access to a wide range of public and private sector information databases from a single interface.

"This agreement confirms EDB's position as a strategic partner for the SpareBank 1 alliance. I warmly welcome the confidence in EDB that this contract demonstrates, and I look forward to extending our excellent collaboration with the alliance into this area as well", comments Wiljar Nesse, Executive Vice President - Bank and Finance at EDB.

EDB was selected in competition with a number of other suppliers in this market. User-friendliness, price and the scope for seamless integration with other EDB solutions were among the criteria that the SpareBank 1 alliance used in deciding on Infobank.

"We have long-standing and good experience of EDB as a supplier in a number of areas. Through EDB Infobank we will now have access to one of the market's best solutions for using information from registers. This together with the other products and services that EDB supplies will help to rationalise and improve everyday tasks for employees in the SpareBank 1 alliance", explains Eivind Gjemdal of SpareBank 1 Gruppen.

EDB Infobank for the SpareBank 1 alliance

EDB will provide access to information from a number of public database registers, including the central co-ordinating register for legal entities, the national population register, the real estate register and the register of mortgaged movable properties. The solution will give users in the banks access to a screen-based interface for on-line enquiries, and also provides a program interface for integration with other systems (API). This will, for example, use web services and automated solutions to maintain the banks' object-based portfolios such as retail and corporate objects.