Scrive wins Avanza Bank as a customer

Scrive, which offers e-signing of proposals, contracts, and other types of documents, has become a service provider to Avanza Bank.

Lukas Duczko, CEO of Scrive, believes the deal is important for the whole market. "Avanza Bank tends to be first, then the rest follow. All banks and most large companies we meet run projects to implement e-signing in their processes. Meanwhile, most are bogged down because they want to do everything themselves and they underestimate the difficulties."

"We fell for Scrive because they had the most modern service and it could be in place in just one month," says Ronnie Bodinger, IT manager at Avanza Bank.

Avanza starts with e-signing of their account contracts, but the plan is that most agreements will eventually be signed electronically using Scrive.

"When we were considering various solutions it was important to find a broad solution in which we could grow," says Ronnie Bodinger.

The e-signing trend is not just a Swedish phenomenon. Several European countries are far along. In the U.S. several companies have received substantial investments and every day hundreds of thousands of documents are signed electronically. Lukas Duczko credits increased competition and spread of the internet for the increased international focus on e-signing. "It is no longer ok to make customers hassle, otherwise they choose to go elsewhere."

The deal was made in collaboration with Logica, with which Scrive maintains a close cooperation. "We think Scrive is an exciting partner. It´s a young company that stirs up the e-signing market with new, innovative solutions," says Petter Dahl, director of Logica's e-legitimation portal.

For additional information please contact:

Scrive:

Lukas Duczko, CEO of Scrive

Phone: 076-527 75 12

Mail: lukas@scrive.com

Avanza Bank:

Mikael Lindahl, Business Development at Avanza Bank

Phone: 070-761 80 29

Mail: mikael.lindahl@avanzabank.se

About Scrive:

Scrive was founded in 2010 and develops cloud services for e-signing. Its principal objective is to increase sales and improve customer experience. The company's vision is to remove friction in the signing process by eliminating all manual intermediate steps. With its innovative solutions, Scrive has, in just two years, managed to become the leading supplier of services for e-signing in Sweden with prestigious clients in many different industries. Today Scrive helps its customers cut time to get documents signed by 2-4 weeks, with 25% of all documents signed within 8 minutes. Some of Scrive’s investors include financiers Svante Elfving (Brummer) and Sverker Thufvesson, attorney JD Jon Kihlman and entrepreneur Jarno Vanhatapio (Nelly.com).

About Avanza Bank:

Avanza Bank is an online bank that was founded in 1999 and is listed on the Stockholm Stock Exchange. The company's vision is to make Swedes financially independent, which means that customers shall keep more money for themselves than in any other bank. Services include investments in stocks, mutual funds, and a strong pension deal. Avanza Bank has nearly 300,000 customers which have about 82 million in total savings. This corresponds to about 2% of the Swedish savings market. Avanza Bank is the second largest in number of transactions on the Stockholm Stock Exchange among Swedish banks.

Avanza Bank won Private Publisher's appointment, Bank of the Year 2010, and SKI (Swedish Quality Index) award, "The year's most satisfied savings customers" in both 2010 and 2011.