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Ericsson and IBM today announced they will work together to help financial
services companies deliver Mobile Internet offerings that go beyond
today's Business-to-Consumer services such as checking an account balance.
The two companies will develop and implement technology that enables
high-value, high-volume Business-to-Client services such as wealth
management, account aggregation, mobile trading, and credit card and
payment alerts.

The alliance will combine the wireless telecommunications expertise of
Ericsson with the financial services and information technology expertise
of IBM. The two companies will develop and market a joint comprehensive
offering tailored to the needs of financial services companies. The
offering hopes to give financial institutions a standard, highly scalable
and secure end-to-end infrastructure for implementing robust, high-volume
services across multiple financial channels.

"The recent rise of Mobile Internet financial services has occurred in an
environment of uneven infrastructure development," said Ed Kountz, senior
analyst, Mobile Financial Strategies, TowerGroup. "Most Mobile Internet
solutions available today provide a semi-integrated, add-on delivery
mechanism to support mobile delivery of financial data and transactions,
which is not sufficient for many financial services firms." Kountz
continued, "The financial services industry is clearly interested in
bringing some order to the world of Mobile Internet infrastructure,
particularly in terms of how mobile technologies will develop and how to
fully integrate mobile in a multi-channel environment. The Ericsson and
IBM alliance is an important indicator that mobile telecommunications and
enterprise infrastructure technology and services are coming together to
address this issue, which is a positive step for financial services
institutions as they chart their future mobile strategies."

The companies' joint offering will combine Ericsson Mobile Internet
application building blocks such as Ericsson Mobile e-Pay, Safetrader and
WAP Gateway with the IBM WebSphere infrastructure family of products,
including WebSphere Everyplace Suite, and IBM eServer. IBM Global Services
will provide business innovation consulting and IT integration services.

"This alliance between Ericsson and IBM is a powerful proposition. Given
the depth of IBM's relationships with the world's leading banks and
Ericsson's pioneering work in the mobile commerce space, we anticipate
great interest among the financial community," said Remus Brett, manager,
Financial Services Technology Practice, Datamonitor. "We firmly believe
next generation mobile services are going to be critical for banks in the
next two to three years. This alliance should enable banks to position
themselves favourably regardless of future changes in networks, devices
and payment technologies."

"Many of the wireless projects underway at banks and financial services
firms today are in pilot stage, involving only a few hundred consumers and
undertaken on a one-off basis to gain first-mover advantage," said Mark
Chetwood, director, Retail Financial Services Solutions, IBM Global
Financial Services Sector. "While many benefits have been realised,
financial services companies now are faced with the challenge of
delivering higher value financial services to hundreds of thousands of
customers located around the globe. The IBM and Ericsson alliance will
develop the necessary infrastructure for financial services companies to
integrate Mobile Internet into their multi-channel strategy, allowing them
to easily offer the next generation financial services to build customer
loyalty."

"The Ericsson and IBM alliance is an important step in our commitment to
drive applications as a key part of our strategy. It aims to bring a
unique combination of expertise to the market to assist financial
institutions challenged by the opportunities of Mobile Internet," said
Lars Boman, president, Ericsson Internet Applications. "It will
accelerate the uptake of Mobile Internet for financial services and will
drive the development of applications and traffic volume for GPRS and 3G
in this sector."


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Notes to Editor

About IBM

IBM's Financial Services Sector is the world's leading provider of
comprehensive, integrated e-business solutions to the banking, financial
markets and insurance industries. Working directly with its financial
services customers, IBM develops and deploys mission-critical
industry-specific technology solutions. Those solutions comprise the full
range of IBM capabilities including consulting, software, hardware,
research and services. Additional information about IBM can be found at
http://www.ibm.com/solutions/financialservices


About Ericsson

Ericsson is the leading communications supplier, combining innovation in
mobility, Internet and Multi-services, creating and driving a new era of
Mobile, Personal and Broadband Internet. Our mission is to understand our
Customers' opportunities and needs, and provide best-in-class
communication solutions in a timely manner. With more than 100,000
employees in 140 countries, Ericsson simplifies communications for people
all over the world. Read more at http://www.ericsson.com/pressroom


IBM, WebSphere, WebSphere Everyplace Suite and eServers are registered
trademarks of IBM in the United States and other countries.

Ericsson, Mobile E-Pay, Safetrader and WAP Gateway are registered
trademarks of Ericsson in Sweden and other countries.

Contact Details

Catherine Hunt

IBM Global Services

Tel: 44 (0) 207 202 3654

E-mail: huntcat@uk.ibm.com


Or

Emma Thompson / Nicky Morgan

On behalf of IBM

Tel: 01753 790700

Email: ethompson@uk.brodeur.com


nmorgan@uk.brodeur.com

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