SEB first nordic bank to offer corporate client...

SEB's corporate clients can more quickly and cost effectively reach all their
gobal banking partners and handle ther international and domestic payment and
reporting needs through one single service - Tieto Payment Factory service with
SWIFT Service Bureau. SEB is the first bank in the Nordic region to be connected
to Tieto Payment Factory via SWIFT, and first among the European banks to offer
both fully automated payment and reporting processes using the ISO20022
messaging standard. The first client to use the service is Tieto's own shared
service centre and treasury department.

"International corporations are doing business with several banks located in a
variety of countries. Previously bank connectivity services have usually been
provided via bank-specific channels requiring bank-specific implementation.
Through Tieto's Payment Factory SEB's corporate customers can easily connect to
SWIFT and reach all their banking partners through a single global channel.
SWIFT allows us to better serve our global customers by significantly lowering
their bank connectivity costs and the implementation time required," says Lars
Millberg, Head of SEB Global Transactions Services Corporates.

"Better funds visibility and improved cash and liquidity management are key
objectives for our corporate customers. Simplifying bank connections is an
important element in reaching these objectives. Providing cash management
services to corporate customers using SWIFT is important for SEB. Tieto is happy
to support the bank's strategy in this area," says Markus Hautala, Director,
Tieto, Value Networks.

"This service has helped us a great deal with our SEPA implementation project,"
says Janne Salminen, Group Treasurer of Tieto.  "This is also one of the
cornerstones in our project to harmonise Tieto's global cash management
processes."

For further information, please contact Press contact

Lars Millberg, Global Head of SEB       Elisabeth Lennhede, Press & PR, SEB
Global Transactions Services            [phone],[phone]
Corporates, SEB                         [e-mail]
[phone], +46 (0)
70 562 15 78

Markus Hautala, Director, Tieto, Value
Networks
+358 (0) 40 182 4299

SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The international
nature of SEB's business is reflected in its presence in 20 countries worldwide.
On 31 December 2010, the Group's total assets amounted to SEK 2,180bn while its
assets under management totalled SEK 1,399bn. The Group has about 17,000
employees, excluding the German retail operations. Read more about SEB at
www.sebgroup.com.

Tieto is the leading IT service company in Northern Europe providing IT and
product engineering services. Our highly specialized IT solutions and services
complemented by a strong technology platform create tangible business benefits
for our local and global customers. As a trusted transformation partner, we are
close to our customers and understand their unique needs. With more than 17 000
experts, we aim to become a leading service integrator creating the best service
experience in IT. www.tieto.com



Lars Millberg: 


http://hugin.info/1208/R/1485671/420859.jpg

Press release (PDF): 


http://hugin.info/1208/R/1485671/420858.pdf




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Source: SEB via Thomson Reuters ONE

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