towards these. He felt that by mid-2007 Swedbank was further ahead than its domestic counterparts in terms of core banking, although he pointed out that these had been able to focus on other areas while Swedbank was embroiled with the Tieto project, so there might be areas where Swedbank itself now needed to catch up. Nevertheless, he felt the other banks were all at the planning phase for their own core system replacements and would need to make the move sooner or later.
The bank is one of only four users of the Core Banking Suite from Tieto. By virtue of being a pioneer and one of a small number of users, the bank has generated a fair amount of interest and has fielded plenty of reference site visits and calls, said Cragnell. The project has clearly not been without pain but the bank persevered, was willing to enter into a fair amount of joint development work, and has a platform to take it forward as a result.
