Business Services Industry

TietoEnator signs IT outsourcing contract with Parex Bank

Nordic Business Report, Nov 27, 2003

NORDIC BUSINESS REPORT-27 November 2003-TietoEnator signs IT outsourcing contract with Parex Bank(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish-Swedish IT company TietoEnator Corporation said on Thursday (27 November) that it had signed a contract with the Latvian bank Parex Bank for IT outsourcing services.

The contract also included the delivery of an integrated banking business solution for the bank's subsidiary branch in Tallinn, Estonia.

The BankSyst solution is an information system for bank administration that would cover all basic needs of a retail bank including back-office, front-office, treasury operations, accounting and reporting, according to TietoEnator.

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