Norwegian banking group Terra-Gruppen has signed a further four year contract with EDB Fellesdata for the supply of software and computer operating services, worth Nkr25 million.
The agreement is in addition to an existing five year contract signed with EDB in December last year for the supply of systems and operating services for the group's 85 member banks. The parties also entered into a strategic co-operation agreement for self-service and Internet-based banking services.
Under this new deal, Terra-Gruppen will purchase a completely new telephone banking system as well as additional functionality for its Internet banking service (NettBank), its branch network (FD Front) and its accounting systems (FD IROS).
The agreement also includes the development and supply of a new sales tool for risk insurance products from Terra Liv.
The computer operating services element of the contract will be supplied by EDB Teamco.