ECSEL 2016 IA Productive 4.0 SEB
| Reference number | |
| Coordinator | Skandinaviska Enskilda Banken AB - CENTRALKONTORET STH |
| Funding from Vinnova | SEK 1 491 435 |
| Project duration | May 2017 - October 2020 |
| Status | Completed |
Purpose and goal
The bank set out with an overall goal aimed toward digitisation of the European industry from a banking perspective. The project has given our developers and architects the opportunity to spend unsolicited time with peers from the industry, which has proven to be a highly unexpected as well as crucial success factor. We deem the result as solely positive, as the bank has been given the opportunity to explore both the impact of Industry 4.0 on future business models, as well as how banks need to adapt their service offering.
Expected results and effects
A direct result is a dawning, collective insight that financial services will be decentralized and serve on the same IT infrastructure as logistics, manufacturing, and distribution. We call these financial solutions that coincide with Industry 4.0, Bank 4.0. SEB has aided LTU with the concept ‘the Exchange Network’ - an architecture for establishing and executing legal contracts - and has also supported Volvo’s Treasury department with a Liquidity prognosis to decrease Volvo’s capital expenses and operational risk.
Planned approach and implementation
It has been a true pleasure to have participated in this project together with customers and partners to innovate and create value for the European industry. The project team has consisted of participants from different areas of the bank, including Tech, CIO and Customer Relations. Our different areas of expertise has been our strength as we have been able to learn from each other. The diversity has also meant that we have had a great opportunity to share knowledge within our respective divisions, a true success factor!