A Stockholm based bank – Swedbank has decided to combine IT and Digital Banking division as a part of its major organizational restructure, in order to create simpler and clearer decision making structures.
The restructuring, according to the bank, is aimed at creating simpler and clearer decision-making structures.
The division formed after the merger will be called Digital Banking & IT. It will focus on developing online services and related infrastructure and aid the bank in becoming a ‘more digital company’.
Swedbank CEO Jens Henriksson said: “By bringing functions closer to customers and paving the way for simpler and swifter decisions, we strengthen our ability to move forward in line with the bank’s strategy.
“We shall facilitate the everyday life of our customers and to develop even better banking services.”