Modernization and consolidation worth it for major financial services group

As Northern Europe’s largest financial services group, Nordea’s customers expect it to provide comprehensive, cost-efficient solutions. With set of disjointed, often duplicated file-based transaction solutions and a fragmented infrastructure, something had to give. Costs were too high. After an extensive review of many solutions, Nordea opted to go with SEEBURGER’s Business Integration Server (BIS6). The [...]

By | April 18th, 2013|

Financial services firms, banks and cultural change

Last year’s Barclay Bank Libor-rigging scandal was likely caused by cultural problems following a speedy expansion, according to a recent BBC News article. A study found the financial services firm’s strong culture of winning, siloed departments with different values, and lack of emphasis on customer and client needs led to the breakdown. The simple fact [...]

By | April 4th, 2013|

SEEBURGER offers financial transaction security with SWIFT qualification

Security and Business Continuity dictate a multi channel strategy for Financial Institutions. So we’ve taken another step towards ensuring financial transaction security. We’re pleased to announce the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has awarded us two key SWIFTNet 7.0 qualifications. What exactly does this mean? It means the SEEBURGER Business Integration Suite (BIS) [...]

By | February 21st, 2013|

Banking software faces rising glitch rate and “tech debt”

As banks face a growing number of costly incidents, it begs the question, why? According to a recent BBC News article and our own experience—the answer lies somewhere between an overdependence on antiquated code, complex line-of-business and geographical variations, mass mergers and acquisitions, tighter SLAs and changes in data transfer patterns. Testing alone won’t be enough [...]

By | February 7th, 2013|