Bankgirocentralen selects Logica to support bank giro payments

Logica, a leading IT and business services company, has signed an agreement with Bankgirocentralen AB (BGC) in Sweden to further develop, test and adapt parts of BGC’s payments services. Logica will develop new web interfaces, which will primarily be accessible from Internet banks, for certain bank giro services. The agreement is part of BGC’s continued efforts to develop innovative bank giro products jointly with cooperative partners.

BGC currently manages bank giro transactions totalling SEK 25 – 50 billion daily. Logica will use a combination of local expertise in the Nordic region and offshore resources in India to deliver the project, leveraging the established blended delivery model to ensure quality and cost-efficient delivery. The solution will manage considerable volumes of high value payments, so the project is subject to major demands for risk management. Logica will also assist in developing payments products for BGC.

Birgitta Simonsson, CEO of BGC said: “Together with Logica, we will now advance the development of our bank giro platform. This will enable us to continue to offer our customers, the Swedish banks, a very strong product range at competitive prices. As a result of our close collaboration with Logica, we are confident that its team will help us complete this important project.”

Logica signed an earlier agreement with BGC to provide system development services as well as managing current IT systems.

“We already have a close partnership with BGC as well as other financial institutions, and we are delighted to be able to contribute our local and international expertise to this significant national project,” said Vahid Zohali, managing director of Financial Services at Logica in Sweden.

About BGC
Bankgirocentralen BGC AB is the leading provider of payment solutions and operating services for e-ID and e-invoice to banks in Sweden. Bankgirot is the only giro system in Sweden that handles all types of payments, regardless of bank. BGC processes bankgiro transactions totalling SEK 25-50 billion daily. BGC is owned by SEB, Swedbank, Handelsbanken, Nordea, Danske Bank, SkandiaBanken, Ålandsbanken and Länsförsäkringar Bank. For more information, visit www.bgc.se

About Logica
Logica is a leading international IT services company. The company has 40,000 employees, including approximately 5,500 in Sweden. Logica offers operation-based consulting services, integration and outsourcing of IT and business processes. Working closely with our customers facilitates changes that lead to increased efficiency and more rapid growth. Based on in-depth industry knowledge, advanced IT expertise and international delivery reliability, we strengthen our customers’ competitiveness. Logica is listed on the London Stock Exchange and on Euronext in Amsterdam (LSE: LOG; Euronext: LOG). More information is available at http://www.logica.com

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Natalie Shamshoum
Metia for Logica
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Email: natalie.shamshoum@metia.com