Nordea Faces The Challenge Of IT Integration
ORGANIZATION AND MANAGEMENT
STOCKHOLM--Nordea Bank, the Nordic banking giant formed from the merger of Merita, Nordbanken, Unidanmark (including the insurance company Tryg Baltica) and Kreditkassen, has adopted a three-pronged strategy to integrate the business and technology of the individual banks while keeping the existing businesses going and delivering the expected cost savings.
Bengt Ake Eriksson, IT manager at Nordea Bank responsible for 2,500 staff, says, "Last year was about bringing together the four banks into a
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