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SEB developing mobile banking services together with Ericsson

SEB is well to the fore as regards Internet banking services. In 1996, SEB started its Internet Bank and today it has 380,000 - or 25 per cent of its customers - actively using the Internet for carrying out banking business. This makes SEB one of the leading e-banks in the world.

Now SEB is taking yet another step toward making its banking services more easily available to its customers. Starting this summer SEB will be offering its customers mobile banking via Ericsson's latest mobile telephone, the R 380.

"A mobile Internet increases accessibility for our customers. To start with, we shall be offering those services, via the WAP phone, for which there is the greatest demand. With new and more simplified ways of banking we believe that our customers will want to do new things - we noticed that early on. That's why this is just the beginning," says Johan H Larson, Head of SEB's Internet Bank.

Ericsson's R 380 is the latest thing in mobile phone and is considerably more user-friendly than existing WAP telephones. Via the R 380, SEB will be able to offer simple, easy-to-carry-out banking services. By means of the R 380's integrated "touch-screen", customers will be able to pay bills, buy shares, make transfers, etc.

SEB is the biggest banking group in the Nordic region, with funds under management of SEK 800 billion. SEB is now focusing hard upon Internet banking in Europe. SEB owns German BfG bank - Germany's fifth largest bank - and is planning to launch a new generation of its Internet Bank there in the third quarter of this year.

At 12.30 on Friday 25 February at Sveavägen 8 in Stockholm, SEB will be calling a press conference. The new mobile banking services will be demonstrated by, among others, Johan H Larson, Head of SEB's Internet Bank. Kennet Rådne, Head of Ericsson Business Consulting will also be participating.
We look forward to meeting you!