Tieto and AB DNB Bankas contribute to Euro Changeover in Lithuania

Tieto has participated in the national Changeover project supporting customer AB DNB Bankas in preparations for the Republic of Lithuania’s entrance into the Eurozone. Lithuania changed its national currency from Litas (LTL) to Euro (EUR) on January 1st 2015.

During the project, Tieto assisted AB DNB Bankas to ensure operations and cashless payments in Euro currency by, developing migration scripts, providing step by step instruction for Tieto’s Card Suite systems and supporting Bank’s testing. Tieto provided remote support during live Changeover. The project was carried out smoothly and with minimal interference with customer`s daily routines.

- Lithuania’s participation in the Economic and Monetary Union from 1 January 2015 is a historical milestone for country. Last year Tieto supported EUR changeover project in Latvia, including DNB Bank Latvia, this year we've done it in Lithuania. Thanks to great teamwork, DNB Bankas will grant nonstop support to its customers with their daily payment operations, says Maris Ozolins, Director of Cards, Tieto.

- Due to efficient and professional cooperation with Tieto as partner in preparing the bank’s card payment system, the transition process to the euro went smooth and services to our customers were provided non-stop, says Vaineta Barevičiūtė, Executive Vice President and coordinator for the transition to the euro at DNB Bankas.

DNB Bankas is a Tieto customer since 1997.

For further information please contact:

Maris Ozolins, Director, Cards, Tieto
phone +371 67510000

Vaineta Barevičiūtė, Executive Vice President DNB Bankas
phone: +370 52393413

Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.

Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto’s shares are listed on Nasdaq in Helsinki and Stockholm. Please visit www.tieto.com for more information.

AB DNB Bankas (www.dnb.lt) provides comprehensive range of financial services to over 840 thousand individual and corporate customers in Lithuania. It is the country’s third largest lender and deposit taker. The bank's sole shareholder DNB ASA (www.dnb.no) is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalization. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DNB’s bank branches, Internet banking, mobile services and international offices ensure that DNB is present where our customers are.


About Us

Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. Headquartered in Finland, Tieto has over 13 000 experts in close to 20 countries. Tieto’s turnover is approximately EUR 1.5 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com