Tieto launches total transaction banking delivery solution
(Thomson Reuters ONE) -
Tieto Corporation PRESS RELEASE 25 October 2010 at 10.00 am EET
Tieto, a leading IT services company in Northern Europe, has launched a total
transaction banking delivery solution during Sibos 2010 event in Amsterdam. The
solution supports every part of a bank's transaction business and is targeted at
both major international banks as well as smaller finance firms.
The solution covers the whole financial processing chain including e-invoicing
and e-ordering, making and collecting payments, management of personal finances
and corporate cash and liquidity, and financing between consumers and corporate.
It also integrates business messages and connectivity on the inter-bank level.
Jack Large, a partner at financial services consultancy firm J&W Associates,
comments: "Tieto has got the widest spectrum of solutions in the business
covering all the different facets of the transaction banking value chain. The
company has now brought this together as a total solution, which is a new way of
looking at transaction banking. Banks need to have a total view of where their
business is going and how to put the pieces together most effectively and
Tieto's offering addresses that need."
Mats Wikström, director of Transaction Banking at Tieto, says: "Although Tieto
has successfully been offering services and solutions to address these issues
for some time, what's new is that we have now put the different extended payment
components together into one end-to-end offering where unique synergies and
values are created. The solution draws on our experience of providing extended
payments systems throughout Europe. Tieto is one of the leading Nordic
transaction banking vendors and also provides payment services to major banks in
the UK."
Tieto sees opportunities for growth in extended payments. "We are facing a post-
recession period when industry activities rapidly increase and supply chain
activities are globalized," Mats Wikström says. "Likewise SEPA is starting to
take off, changing the payment landscape forever. We also see a clear trend
where banks are engaging in the financial supply chain providing solutions for
trade message exchange, financing and risk management. This changing landscape
requires new and more advanced solutions which Tieto already has available in
its extended payment portfolio together with the skills and the experience to
make our customers successful."
Tieto's solutions for the financial industry include everything from banking
services, internet banking and payment, card and capital market services to
development, application management and outsourcing.
For further information please contact:
Mats Wikström, director, Transaction Banking, Tel.
+46 70 682 2738,mats.wikstrom(at)tieto.com
Kia Haring, head of Communications, Financial Services, Tel.
+358 40 765 3700,kia.haring(at)tieto.com
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
[HUG#1454443]
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Source: Tieto Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 46107
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contact information:
Town:
Helsinki
Kategorie:
Business News
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"Tieto launches total transaction banking delivery solution"
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