Source: EDB Business Partner
Svenska Handelsbanken AB has entered into an agreement with EDB Business Partner ASA to buy software components and consultancy services for its Internet bank and for electronic message distribution in Sweden.
The contract represents business volume of NOK 10 million.
EDB has a long-standing relationship with Handelsbanken in Norway. This is EDB's first contract with Svenska Handelsbanken in Sweden. The contract provides for EDB to develop a web-based portal for contact between Handelsbanken's customers and employees in Sweden via its Internet banking service. EDB will supply software components and consultancy services for this solution.
Handelsbanken signed a contract in April for an ASP based electronic distribution system in Norway. This contract represents business volume of around NOK 8 million over a 2-year period.
In addition to these contracts, EDB has also signed a Business Process Outsourcing (BPO) agreement for the card area with Svenska Handelsbanken in the United Kingdom. This agreement includes issuing debit cards, card administration, security solutions, card production, support, reconciliation/settlement and operating services. EDB has sold a similar solution to a number of UK offshore banks in the past.