SEB Invests in Liquidity Management System
SEB has signed an agreement with Polaris Software Lab, to invest in a new liquidity management platform. The investment is designed to further strengthen SEB’s client offering, securing a continued global cash management delivery. The Polaris Liquidity Management System offers an open architecture and the bank hopes that its flexibility will enhance the time to market for new solutions to its clients. Features in the areas of cash concentration, national and cross border pooling, as well as multi-currency solutions will boost SEB’s ability to offer liquidity solutions. This is the start of a long-term cooperation between SEB and Polaris. The investment is part of SEB’s strategic commitment in the cash management area and commences at the end of 2007.