UpplandsSpar selects Corniche for its saving accounts operation

UpplandsSpar (www.upplandsspar.se) welcomes you to the future of savings, a new service based on the Corniche Banking System from Megasol Technologies. Through an extremely high level of automation, UpplandsSpar can truly offer better interest rates with typically no fees. To achieve this level of sophistication, Megasol integrated a number of third-party services into the sign-up process.

  • Bisnode provides immediate address verification (www.bisnode.com)
  • Trapets provides PEP and Sanctions List checking (www.trapets.com)
  • Swedish BankID is used to digitally sign the account opening application (www.bankid.com)

Through CornicheNet, the online banking portal, UpplandsSpar offers clients the ability to self-manage deposits up to 50,000 SEK in value. Clients can choose between various products starting with the basic savings account, and then choosing from a variety of fixed term and variable call interest accounts with longer interest periods but commensurately higher returns. For security, clients access and operate their accounts and communicate with the back-office after logging in with Swedish BankID.