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SEB launches e-banking via mobile phone

Broadest service on the market, with stock trading, payments and analyses

Now SEB’s customers can conduct share transactions and other bank services via mobile Internet wherever they are. This is the broadest range of services available on the market that are accessible over a mobile telephone. SEB has co-operated with Ericsson to develop interactive services that initially are tailormade for the Ericsson R380 telephone allowing a superior userexperience.

It will now be much easier to conduct such banking transactions as buying and selling shares, paying bills, transferring funds between accounts as well as transferring funds to another bank’s account. In addition, the customer has access to information about stock market prices, news and historical analyses of shares, which makes buying or selling decisions easier. All of this is available by just turning on a mobile telephone. Security is as high as SEB’s Internet banking by computer.

“It is no longer necessary to sit down in front of a computer terminal to conduct banking transactions. Instead, customers can be sitting on a bus, on a train or waiting for a flight and make their investments or carry out other bank services,” says Mona Hagelberg, SEB e-banking, Private Market.

SEB’s customers will be provided the opportunity to purchase 5,000 Ericsson R380 telephones equipped with WTLS (Wireless Transport Layer Security), which will be distributed nation-wide through the GEAB The Phone House retail chain.

Initially, customers in Sweden will have access to mobile e-banking, but the service will be launched successively in Europe in those countries in which SEB has or is planning to start Internet banks.

SEB currently has about 500,000 Internet banking customers in Sweden. More than 50 per cent of all payments made through SEB are made electronically via Internet. An average of 10,000 customers is added monthly. During the past year, the number of female customers has risen 30 per cent. In October, more women than men became new customers. About 100,000 customers use their security accounts for share transactions via the Internet bank. Some 60 per cent of customers are men – 40 per cent are women.

SEB is a financial group focused on e-banking, savings and growth companies. SEB is one of the largest financial groups in Scandinavia, with SEK 942 billion in funds under management and total assets of SEK 1 108 billion (30 September 2000). The Group has approximately 20,000 employees and is represented in some 20 countries around the world. SEB has today approximately 630 retail and private banking branches, mainly in Sweden, Germany and the Baltic region and 700,000 e-banking customers in seven countries. SEB has recently started an online brokerage service, SEBdirect, in Germany and during the current year SEB will start e-banking in England. Read more about SEB: www.seb.net