EDB Business Partner, a Norway-based company active in the information technology sector, has signed a final agreement with Sweden-based Forex Bank for the delivery of banking software solutions as a service, together with operating services for the solutions, for a period of five years.
The agreement represents total contract value in the order of SEK200m.
Wiljar Nesse, executive vice president of EDB, said: This agreement with Forex Bank demonstrates that EDB also offers a competitive service delivery model for the banking and finance sector in Sweden. This is an important area of focus for EDB, and we are experiencing strong demand for standardized solutions that are cost-effective while at the same time offering a high degree of renewal and rapid time-to-market.
Magnus Bjorkman, managing director of Forex Bank, said: Our collaboration with EDB ensures that we have access to competitive solutions, reliable operating services and rapid access to new solutions. This means that we can focus more on our core activities.