Mandate

Vinge Advises VocaLink

May 16, 2008

BGC – Bankgirocentralen has entered into an agreement with Brittish VocaLink concerning a takeover of operations and development of the bank giro services. Vinge acted as advisors to Vocalink. Vocalink – specialised provider of transaction services for banks – will gradually take over, through a specialized out sourcing agreement, operations and development of the BGC’s services. The agreement was entered into yesterday. Efforts to shift the service will commence during May 2008 and shall be implemented by the start of 2010. Payment transactions will thereafter occur through VocaLink. However BGC’s role and responsibility towards Swedish banks, companies and authorities will remain the same. BGC, wholly owned by Swedish commercial banks, play a central role in the mediation of payments and data between banks and their customers. On a daily basis BGC mediates transactions for SEK 25 to 50 billion.   

Vinge’s team included partner Björn Gustavsson, joined by Lisa Barnekow, Fredrik Dahl, Per Westman and Maria Schultzberg.     

 

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