AT A GLANCE
Company: Länsförsäkringar Bank
Business Challenge: Modern core banking
solution with payments infrastructure and
support for open banking
Solution: TCS BaNCS for Core Banking
and Payments
Länsförsäkringar Bank awards TCS BaNCS with a
gift to commemorate the successful go-live.
FAST FACTS
increased support for packaging and pricing,
and improvements in back office processes. Also,
Länsförsäkringar Bank, one of Sweden's
largest banks, offers banking services on
the retail market within Sweden through
customer-owned regional insurance
companies.
the bank was now able to fully meet its SEPA
obligations and ready to be compliant with the
coming Swedish payment infrastructure.
The bank is now positioned to pursue new
business opportunities, whether through rapid
development of new products within the TCS
Total number of Länsförsäkringar Bank
customers: More than 1 million.
BaNCS environment, or through open banking
using the API gateway. “TCS BaNCS is easy to
integrate with the external world, making it easy
Customer contact takes place during
personal meetings at 130 of the regional
insurance companies' branches throughout
Sweden and via digital services and
telephone.
to extend our partner network,” says Lundberg.
With TCS BaNCS and the bank's API gateway,
the full range of internal and external products
assembled for Länsförsäkringar Bank customers
can be made available through powerful new
digital experiences.
Rewarded with the highest private customer
satisfaction: 13 out of 15 years (Swedish
Quality Index)
“The replacement of the system marks a key
milestone for Länsförsäkringar Bank and the
new modern IT platform will further add to our
ability to meet our customers in the digital space
and open more opportunities for developing the
digital banking services of the future,” commented
Sven Eggefalk, CEO of Länsförsäkringar Bank.
Sven Eggefalk, CEO of Länsförsäkringar Bank, and
Venkateshwaran Srinivasan, Head of TCS Financial Solutions,
participate in go-live celebration in Bangalore.
“In addition, Länsförsäkringar’s Open Banking
platform was launched in June with the aim
of building new, innovative services that make
everyday life easier and create security and added
value for customers.”
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