Folksam, one of the leading insurance and pension savings companies in Europe recently implemented a new IT strategy which includes an increased focus on IaaS. This led to the procurement of cloud services for the companies IT-infrastructure and Folksam selected City Networks’ service City Cloud for Bank & Finance.
City Cloud for Bank & Finance is dedicated to the financial services industry, and other companies with regulatory requirements for high security, and fulfills several important security measures as well as ISO certifications. The service is based on the open OpenStack platform which was one of the important requirements and reasons why Folksam chose City Network.
Gunnar Fröderberg, CIO at Folksam commented the news:
City Network meets all our requirements for availability and security, which are key parameters as we are shaping Folksam for the future, says Gunnar Fröderberg, CIO at Folksam. The combination of an attractive pricing model and the ability to make sure that we can follow all the rules and regulations that our industry is subject to were key reasons for choosing to partner with City Network.