TietoEnator develops pan European fund super market for Deutsche Bank

TietoEnator develops pan European fund super market for Deutsche Bank In November, the Deutsche Bank's subsidiary, DWS, Die Wertpapier Spezialisten, introduces its new electronic market site for trade with funds on the Internet. The solution has been developed by TietoEnator- owned Entra and means that TietoEnator further strengthens its position within the area of Internet solutions for the bank and finance sector in Europe. The objective of DWS' fund super market has been to create a modern, easily accessible and clear pan European market site on the Internet for both DWS' own, and a large number of other managers' fund products. The solution is a new phenomenon within fund trading as it is directed towards independent financial advisors (such as insurance brokers) as well as their agents, and end customers. DWS is Germany's largest fund manager with a market share of 22 percent. - Our customers will now have access to Europe's most advanced, modern and largest fund super market. During the procurement phase, when we compared different IT companies, the choice went to TietoEnator since they displayed an in-depth knowledge of the finance sector and fund solutions in particular. They also had a clear idea of how the project should be executed. We are very pleased with the entire development work and look forward to continued co-operation with TietoEnator, says Jürgen Krippes, IT director and project manager at DWS. The fund super market attracts customers who are actively involved in their savings. The solution is personalized with advice in real time and advanced analysis possibilities for a great number of funds from different managers. - The development of the DWS fund super market means that we take a big step towards establishing TietoEnator as a pan European and global actor within the area of Internet solutions for the bank and finance sector. It is a great honour to work with Germany's and one of the world's largest fund managers, says Martin Sjöberg, MD of Entra. For further information, please contact: Martin Sjöberg , MD, Entra AB, +46 8 597 90 000, martin.sjoberg@entragroup.com Jürgen Krippes, IT director, DWS, +352 42 101 841, juergen.krippes@db.com Entra is a part of TietoEnator, Finance Sector. For further information, visit www.entragroup.com. The services of TietoEnator Finance Sector are based on a strategic partnership with our customers. Finance sector's solutions concentrate on key technologies and the goal is, via Europe, to be a global e-finance solution provider. In addition to Internet banking solutions, TietoEnator Finance Sector also commands strong expertise in payment systems and selected capital market solutions. Finance Sector operates in 11 different countries with more than 1700 experts and over 300 customers worldwide. TietoEnator Finance Sector is the leading partner for the banking, insurance and finance sector in Northern Europe. With more than 10,000 employees and annual net sales of 1.1 billion euro, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator provides consulting, systems development and integration, operation and support, product development services for customers, and software services. The Group has in-depth knowledge of its customers' businesses in areas such as telecommunications, finance, the public sector and the forest and energy industries. www.tietoenator.com DWS is the leading German mutual fund manager with a market share of 22%. Managing assets of 93 billion euro in more than 200 mutual funds, DWS-Group is also one of the leading European mutual fund companies TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/29/20011029BIT00590/bit0001.doc http://www.waymaker.net/bitonline/2001/10/29/20011029BIT00590/bit0001.pdf