The card solution will be provided as a service using cloud enabled technology and also include Business Process Outsourcing.
The agreement is valid for five years and will provide the bank with a scalable and cost-efficient solution, compliant with the regulatory requirements of the financial industry.
The key deciding factors for us was Tieto´s ability to offer a wide range of functionality supporting our cards business delivered on a secure and compliant cloud solution.
“We are very confident with the choice of Tieto, as they have a deep understanding of our needs and actively propose solutions that add value to our IT-operations,” said Bo Andersson, CIO, Marginalen Bank.
Tieto and Marginalen Bank have successfully partnered since 2008 when Tieto started providing core banking as a service to the bank.
The new agreement extends the partnership to also include card services running on Tieto Compliance Cloud. Utilizing this technology Marginalen Bank reduces the capital expenditure by not having to maintain or audit its own servers and IT infrastructure.
Tieto Financial Services vice president Vahid Zohali said: “We are very proud to have been given the trust in handling Marginalen Bank´s full life cycle of cards management. This confirms our role as a full IT service provider and trusted partner for customers who want to renew their business.”
