Cerdo outsources its savings and payments services to Tieto
Tieto and Cerdo have signed a contract on outsourcing of administrative payments and savings services for the banking and financial sector. The agreement means that part of Cerdo´s personnel will be transferred to Tieto. This also means that Tieto can provide a sought-after outsourcing solution for the Nordic financial market.
The combination of Cerdo's competences within Business Process Outsourcing (BPO) and developed business processes together with Tieto's IT and consultancy services enables Tieto to offer an integrated business solution in administrative payments and savings services to its customers. This strengthens Tieto's position as a leading partner for the banking and financial sector in the Nordic region.
- We are pleased to be able to take on full responsibility for banks' administrative services, including system and process management. It enables our customers to focus on their core business and become more innovative and competitive, says Vahid Zohali, Vice President Banking at Tieto.
Tieto and Cerdo have collaborated since 2006, mainly in the Fund, Securities and Card product areas. The companies have also together developed industry-specific cloud solutions for the banking and financial sector.
- This is a natural step in a very fruitful collaboration. It is great that the customers now can be offered an even stronger service consisting of Tieto's expertise in IT together with Cerdo's solid business and process knowledge within the financial sector, says Anneli Ödén, Managing Director at Cerdo Bankpartner.
For additional information, please contact
Vahid Zohali, Vice President Banking, Tieto Sweden
phone: +46 (0)73 725 22 00, e-mail: vahid.zohali[at]tieto.com
Anneli Ödén, CEO, Cerdo Bankpartner
phone: +46 (0)70 598 49 03, e-mail: anneli.oden[at]cerdo.se
About Tieto
Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. We also provide global product development services for companies in the communications and embedded technologies arena. Through industry insight, technology vision and innovative thinking, Tieto proactively strives to inspire and engage its customers in finding new ways of accelerating their business.
Building on a strong Nordic heritage, Tieto combines global capabilities with local presence. Headquartered in Helsinki, Finland, Tieto has over 13 000 experts in more than 20 countries. Turnover is approximately €1.5 billion. Tieto’s shares are listed on NASDAQ in Helsinki and Stockholm. www.tieto.com
About Cerdo
Cerdo is a back office and administration company owned by Sparbanken Öresund, which is owned by Swedbank. Cerdo was founded in 2001 as an outsourcing company for Sparbanken Finn and Sparbanken Gripen. Over the years, Cerdo has converted a number of customers to its banking sector products and services. Cerdo's customers can therefore focus on their core business while back office and associated systems are outsourced to Cerdo. Cerdo's strength lies in managing and streamlining administrative processes and systems support, with extensive expertise and experience of companies in the banking and finance sector.
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