RNS Number:9413F
Foreningssparbanken AB
27 June 2001


Six Swedish banks and IBM to set up a new ID service for secure identificat...

Six Swedish banks and IBM to set up a new ID service for secure
identification and signing over the Internet

The six banks that make up The Swedish Banks' ID Consortium (Bankernas
ID-konsortium) have now signed contracts with IBM for the supply of the
technical services needed to realize the Swedish Banks' ID Service.

The Swedish Banks' ID Service (Bankernas ID-tjanst) is a collaborative
project between Danske Bank (in Sweden), ForeningsSparbanken,
Handelsbanken, IKANO Banken, SEB and SkandiaBanken. The banks will
launch the service in 2002.

Private individuals will then be able to obtain from their bank an
electronic key known as a Certificate. This will allow them to identify
themselves in a secure way to the websites using the service and thus
gain access to personal information stored there. They can also place
orders and sign agreements.

Public bodies and companies will be able to purchase ID services from
any of the banks in the consortium. This will give them the means of achieving
secure electronic communication with all individuals who have obtained
Certificates from any of the six banks.

"We believe that our service will contribute to better Internet security
and hence to increased use of the Net", says Hakan Nyberg, chairman of the
Consortium.

"This will be of great value to the public sector, to companies and to
individuals. Our system has the potential to achieve a significant
breakthrough since we are responding to market forces. There are obvious
economic incentives to use the service and go on developing it."

The collaborative project between the banks and IBM includes a
'Certificate Factory', which uses a common Certificate standard. The
Certificate Factory, to be supplied by IBM, will produce Certificates for
individuals, and is where public bodies and companies check Certificates. IBM
will also supply the software that organizations, companies and individuals need
to use the Certificates.

For further information please contact:
_Sten Arvidson, ForeningsSparbanken, tel +46 8 585 915 03,
 e-mail sten.arvidson@foreningssparbanken.se.
_Sverker Arvidson, Handelsbanken, tel +46 8 701 28 53,
 e-mail svar01@handelsbanken.se.
_Hakan Lundgren, IBM Svenska AB, tel +46 8 793 18 60,
 e-mail hakan.lundgren@se.ibm.com.


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