Tieto and Pohjola Bank launch SWIFT services for businesses
(Thomson Reuters ONE) -
Tieto Corporation PRESS RELEASE 27 September 2010 at 3.00 pm EET
Pohjola and Tieto have launched a service onto the market enabling corporate
customers to use Pohjola's payment transfer services via the SWIFT network which
provides customers access to almost all banks around the world via one channel.
Enabled by the new service, Pohjola as a provider of global payment transfer
services will rise to the level of global banks.
The SWIFT network has so far been mostly used by banks and major institutions
for transmitting payment and securities orders and reports. Now this new
cost-efficient service is available to companies of all sizes. The number of the
SWIFT network users totals roughly 10 000 companies, banks and other financial
institutions worldwide.
- International corporations need banking services everywhere in the world and
until the present day they have often had to build separate connections with
several bank partners. Now a single channel enables connections without any need
to buy and maintain standalone software. Such a connection can be linked as part
of Pohjola's services. We can provide the new service for our foreign customers
too, says Matias Huhtala, Vice President, Pohjola Cash Management.
- Simplifying connections between banks and companies will provide the corporate
sector not only with major cost savings but also other business benefits. For
cash management purposes, it is essential that companies have access to
up-to-date information on their cash position at any given time. Pohjola Bank
plc has joined the ranks of progressive banks by providing SWIFT services needed
by our international corporate customers, says Markus Hautala, Director, Tieto,
Value Networks.
The service is based on the Tieto Payment Factory bank connectivity service,
through which it is possible to send payment data to all banks in the world.
Services are available to Pohjola's customers via the SCORE channel. Pohjola
Bank plc is the first bank in Finland that serves the customers of the Tieto
Payment Factory service via SWIFT.
The European and global harmonisation of payments standards will support the
diffusion of the new service. As a result of the creation of the Single Euro
Payments Area, SEPA, Europe will use global payment messages based on the
ISO2002 message standard.
For more information, please contact:
Markus Hautala, Director, Tieto Finland Oy, tel. +358 (0)20 72 68611
Matias Huhtala, Vice President, Pohjola Bank plc, tel. +358 (0)10 252 2693
TIETO CORPORATION
DISTRIBUTION
Principal media
Tieto is an IT service company providing IT, R&D and consulting services. With
approximately 17 000 experts, we are among the leading IT service companies in
Northern Europe and the global leader in selected segments. We specialize in
areas where we have the deepest understanding of our customers' businesses and
needs. Our superior customer centricity and expertise in digital services set us
apart from our competitors.
www.tieto.com
Pohjola is a Finnish financial services group which provides its corporate and
institutional customers with a diverse range of banking, non-life insurance and
asset management services and private individuals with an extensive range of
non-life insurance and private banking services.
Pohjola Bank plc (Pohjola) is part of OP-Pohjola Group, the leading financial
services group in Finland. Pohjola acts as the Group's central bank and is
responsible for the Group's international operations. OP-Pohjola Group consists
of over 200 member cooperative banks and the Group's central institution,
OP-Pohjola Group Central Cooperative, with its subsidiaries and closely-related
companies, the largest of which is Pohjola.
[HUG#1447004]
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originality of the information contained therein.
Source: Tieto Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 27.09.2010 - 14:01 Uhr
Sprache: Deutsch
News-ID 43086
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contact information:
Town:
Helsinki
Kategorie:
Business News
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"Tieto and Pohjola Bank launch SWIFT services for businesses"
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