Svenska Handelsbanken terminates major IT-project
In June 1997 Svenska Handelsbanken began the so called NORD Project. This project was based on the IBM provided system platform, Corebank.The intent with the project was to achieve a joint system for the Bank's business dealings in all the four Nordic countries, to increase productivity in application development and to achieve 24-hour operation for the bank's most important systems.Considerable delays in the project has made the bank reconsider its commitment to Corebank Therefore, Handelsbanken has decided to terminate the NORD project.The immediate, and most pressing business