25/03/2009 11:59:00

Sparebanken Vest introduces electronic signing from EDB

(Bergen, 25 March 2009) Sparebanken Vest has become the first bank in

Norway to offer electronic signing. Using EDB's solution for

electronic signatures, the bank expects to reduce the processing time

for many of its services. The solution is ready for use, and the bank

is now offering the first customers the opportunity to use electronic


The range of banking services available over the Internet has

increased steadily over recent years, but until now when bank

customers needed to sign documents or contracts they still had to

rely on the post or visit their bank in person. Electronic signing

allows the entire contractual process from application to signature

to be carried out through the internet bank.

"At the moment many people only use their BankID electronic identity

to log in to internet banking, but BankID offers much greater

potential than this. This is why we have now made it possible for

Internet banking customers to use BankID to sign documents

electronically. This will initially apply to buying insurance

products from Frende, the insurance company established through

collaboration between Sparebanken Vest and 14 other savings banks",

explains Jan Erik Kjerpeseth, Deputy Managing Director of Sparebanken

Vest. The bank is also looking at additional areas where electronic

signing can be used with the help of BankID and EDB's electronic

signature solution. Electronic signing using the new solution will be

made available to all Sparebanken Vest customers over time. "We are

looking into which areas are best suited for electronic signing so

that we can give our customers the opportunity to use banking

services in an efficient way. This is just the first step", adds Jan

Erik Kjerpeseth.

"A process which used to take days or even weeks because of the post

and manual handling of documents, can now be carried out in just a

few minutes through Internet banking", explains Geir Espeland,

director, payment and security products at EDB. Distributing and

signing physical documents incurs high costs, both for banks and

other businesses. Using electronic signing offers a big increase in

efficiency and cost savings. "This means that our electronic

signature solution will deliver benefits for both customers and

suppliers, and we expect to see a continuing increase in the number

of areas where it is used", says Geir Espeland.

More about electronic signing

Electronic signing refers to one or more parties to the contract

signing a document by electronic means. It allows banks and other

businesses to avoid distributing paper documents, and the customer

can instead sign the document through an internet banking service or

some other form of secure portal. EDB offers a solution for

electronic signing using a recognized electronic identity such as


For further information please contact:

Liv Næss, information adviser, Sparebanken Vest +47 482 59 695

Geir Espeland, director, payment and security, EDB +47 906 23 007

Asbjørn Hønsvall, information manager, EDB +47 915 86 868

Sparebanken Vest

Sparebanken Vest is the third largest savings bank in Norway, with

total assets of NOK 95 billion. The bank's principal market is the

area represented by Hordaland, Rogaland and Sogn og Fjordane, and the

bank's head office is in Bergen. The bank has 250,000 customers, 59

sales offices and 841 employees. Sparebanken Vest owns Eiendomsmegler

Vest AS and AS Filialbygg. Together with 14 other savings banks,

Sparebanken Vest was responsible for establishing Frende

Skadeforsikring, Frende Livsforsikring and Norne Securities.


EDB Business Partner is a leading Nordic stock exchange listed IT

company. The EDB group has more than 6,000 employees, with annual

turnover of NOK 8 billion. EDB delivers solutions that cover the

entire range of business critical IT services from application

services and industry-specific solutions through to IT operating

services and network solutions. EDB is committed to being a close and

responsive IT partner that helps its customers operate more

efficiently and achieve their business objectives. EDB Business

Partner is listed on the Oslo stock exchange with the ticker code:

EDBASA. See www.edb.com for more information.

This announcement was originally distributed by Hugin. The issuer is

solely responsible for the content of this announcement.

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