Skandinaviska Enskilda Banken
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Enterprise Billing and Relationship Pricing for Correspondent Banking
Skandinaviska Enskilda Banken (SEB), based in Stockholm, Sweden, is one of the four largest banks in Sweden and conducts banking operations mainly in the Nordic countries and Germany. SEB reviewed its correspondent banking services and strategy in late 2008 and found that the are suffered from severe revenue leakage, caused mainly by multiple disparate billing systems and new regulation around the Payments Services Directive issued by the European Commission. It was determined that a consolidated enterprise billing system was needed going forward....
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