TietoEnator and The Royal Bank of Scotland Group sign new contracts

TietoEnator Corporation Press Release 28 April 2004 10.00 Am

TietoEnator and The Royal Bank of Scotland Group have extended their relationship in the area of payment information technology. A series of new agreements have been signed encompassing new products and application support services. The new products are part of the Payments area in TietoEnator's Global Banking Solutions portfolio and the agreements correspond to an order value close to 8 million EUR over a three-year period.

These agreements are a continuation of a modernisation project in the payments area where TietoEnator's Payments solution ProPay was implemented for The Royal Bank of Scotland Group. This solution handles all cross border and high-value domestic payments - representing more than 30 percent of this transaction business in the UK.

"These agreements with such a world-leading bank are of strategic importance to TietoEnator and we are fully dedicated to providing world class solutions and services in order to fulfil The Royal Bank of Scotland Group's expectations. The agreements also mean that TietoEnator now further strengthens its position as the leading provider of solutions and services through partnerships within the international banking and finance market", says Jukka Rosenberg, President of Banking and Insurance at TietoEnator.

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