For Skandia's bank this means becoming part of a larger IT infrastructure and therefore avoiding having to develop and maintain complicated IT systems themselves. For Nets, this contract is another important step into the Swedish banking market.
"This new contract with Nets means that we can focus our efforts and energy even more on our customers and business development. It is not only cost-saving for us, but also gives us the security of long-term IT support and great innovative energy," says Öyvind Thomassen, Skandia's bank's CEO.
"We are proud that Skandia's bank has chosen our solution. Sweden is an important growth market for Nets and this contract helps us continue our expansion into the Swedish market. It shows that Nets has solid and competitive solutions for banks in the Nordic countries," says Nets' Executive Vice President, Susanne Brønnum.
All services provided are core Card services which Nets already supplies to a large number of banks in Norway, Finland, Denmark and the Baltic countries.
Skandia is one of the largest, independent and customer-led banking and insurance groups in Sweden. We have given our customers financial security for over 150 years and have a strong tradition of pioneering work, product development and social commitment. We make people's lives better by providing solutions for saving, pensions, financial security and day-to-day finances, and by helping them make wise decisions about their finances. We have 2.5 million customers in Sweden, Norway and Denmark, assets under management of over SEK 526 billion and 2,500 employees. Find out more at www.skandia.se