Corporate TreasuryCentralisationCentralisation OutsourcingLoomis Enters Agreement with Swedbank

Loomis Enters Agreement with Swedbank

Swedish cash handling company Loomis has entered into an agreement with Swedbank, which will see it provide the bank’s customers with access to cash management services, transport logistics for cash and a country-wide network of service boxes.

Under the terms of the agreement, Swedbank’s customers will be entitled to discounted offers for services such as supplies of desk changes and collections of daily checkouts. The bank’s private customers will also have the opportunity to pay in deposits of notes and coins via Loomis’ service boxes.

Loomis says that the trend towards cashless bank accounts has progressed at high tempo, resulting in a specialisation in cash handling services. “Swedbank is an important operator within the banking sectors and we are very pleased that they have chosen to give their customers the opportunity to conclude direct agreements with Loomis, as they themselves have chosen to reduce cash handling at some of their own bank branches,” said Patrik Högberg, country president for Loomis Sverige.

Related Articles

Treasuries must be 'both centralised and decentralised'

Career Moves Treasuries must be 'both centralised and decentralised'

4m Victoria Beckett
2017's most read: The future of cash management: the single multi-currency virtual account

Accounts Payable 2017's most read: The future of cash management: the single multi-currency virtual account

5m Matthew Fuellhart
A new era in digital banking: virtual account management

Cash Management A new era in digital banking: virtual account management

5m Matthew Fuellhart
10 minutes with the treasury: Malcolm Pape, Experian's EMEA CFO

10 Minutes With The Treasury 10 minutes with the treasury: Malcolm Pape, Experian's EMEA CFO

6m Victoria Beckett
ING Bank: PSD2 requires more treasury partnership with sales and marketing

Banking ING Bank: PSD2 requires more treasury partnership with sales and marketing

7m Victoria Beckett
EuroFinance day 1: Centralisation, MiFID II and how to cope with Brexit

Centralisation EuroFinance day 1: Centralisation, MiFID II and how to cope with Brexit

8m Victoria Beckett
SIBOS 2017 preview: Putting post-trade consolidation in the spotlight

Cash Management SIBOS 2017 preview: Putting post-trade consolidation in the spotlight

8m Robert Scott
CFOs taking on a marketing role

Cash Management CFOs taking on a marketing role

10m Graham Buck