Case SEB

Tools for book-entry account management




Skandinaviska Enskilda Banken (SEB), a Nordic financial services provider, needed a solution to meet the requirements ushered in by the amended Securities Market Act. To meet the new requirements, the bank had to update its status to book-entry account manager in order to independently manage securities, such as shares, included in the book-entry account system. SEB adopted Digia’s AOS (Account Operator System), which provides the bank with all the state-of-the-art features needed for effective account management. The system is linked to the book-entry account system managed by Euroclear Finland.

Benefits:

  • Adaptation to legislative amendments.
  • Flexibility and new functionalities for future needs.
  • Improved cost-efficiency thanks to the elimination of middlemen in book-entry account management.
  • The Software as a Service (SaaS) solution is easy to use and enables the company to focus on its core business.


Services and solutions:

Cooperation with Digia worked like magic. The entire project was implemented smoothly, within schedule and budget. Digia has robust expertise in the financial sector. The project team also deserves special praise for their flexible and proactive mindset.
Jopi Sairio, Head of Asset Servicing & Ari Heinonen, Product Manager, Transaction Banking, SEB



Back to top