Swedish VAR goes to bank

by Paul Curthoys

Stockholm As NEXTSTEP continues to make a splash in the financial-services market, several promising new deals are underway at Swedish financial institutions.

Three Swedish banks Handelsbanken, ABB Finance, and Swedbank are currently exploring pilot projects with NEXTSTEP custom apps that handle securities, maintain pensions, and calculate margin calls for options and futures.

"These three installations will open up the bank and finance markets in the Nordic countries," said a spokesman for Initiera, the VAR overseeing the sales.

Initiera plans to work jointly with HP and Sun to bring the benefits of NeXT's cross-platform alliances into this market as well, he added.