SEB Bank invests LTL 4.6 million in to faster data transmission technologies

Published: 31 August 2009 y., Monday

SEB
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network. Upon the implementation of this project, the speed of the SEB Bank’s network will increase, even faster and more efficient customer service at the Bank’s outlets as well as exchange of information between the Bank's branches will be ensured. The tender to develop the Bank’s new network and to provide data transmission services has been won by TEO LT, AB, an integrated telecommunication, IT and TV services provider.

“The smooth and fast operation of information systems is essential for the Bank, continuously carrying out different financial operations. Therefore, we upgrade them on a regular basis and strive to implement the latest technologies. Having implemented the project for the new network’s development, the first to feel its benefits will be the customers using our Bank’s services in smaller towns of Lithuania, whom we will be able to service more quickly”, - Aušra Matusevičienė, Vice President and Head of Business Support Division and Chief Financial Officer of SEB Bank, said.

Having won the tender announced by SEB Bank, TEO will develop the infrastructure of fiber-optic cables – the first network of this kind in Lithuania – for the Bank all over Lithuania.

“The fiber-optic network – the fastest data transmission mode invented so far. This modern technological solution enables much faster transmission of large amounts of data, in the use of it there is felt an almost imperceptible delay of data, whereas information is sent and received at the same speed. The use of the most advanced system shows the SEB Bank’s exclusive approach to its customers and ensures their fast and convenient service” - Darius Gudačiauskas, Chief Sales Officer of TEO, said.

The duration of the contract between SEB Bank and TEO will be three years. It is planned to develop the new network already up until September this year.

Šaltinis: www.seb.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »