Nordea, IBM Partner for IT Consolidation
OUTSOURCING
STOCKHOLM--Scandinavian banking giant Nordea is hoping to form a joint venture with IBM that will draw on the technology expertise of both parties to provide more efficient IT services to the bank.
The plan is an evolution of one announced last year by the bank to consolidate its technology functions in a centralized department--Group Processing and Technology--which aimed to consolidate IT resources previously split among different business lines (TTW, Sept. 23, 2002). The effort was intended
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