Tieto and ICA Banken sign outsourcing agreement for securities business

Tieto has signed a five-year outsourcing agreement with ICA Banken for operations, system and back office services for the bank’s securities business. The new solution supports the entire process from order to settlement of securities. 

The agreement means that Tieto takes full responsibility for the systems, operations and administration of ICA Banken´s securities management (Software as a Service) and the back office services (Business Process Outsourcing).

- We are very proud to have been selected by ICA Banken. The fact that we are taking full responsibility for the bank’s administrative services, including system support and process management, confirms our role as a long-term partner for our customers within the bank and finance industry, says Vahid Zohali, Vice President Banking sector, Tieto.

For more information, please contact:

Vahid Zohali, Vice President, Banking sector, Tieto
phone: 073 725 22 00, email: vahid.zohali[at]tieto.com

Karina Johannesen, Customer Manager, Tieto
phone: 070 605 13 24, email karina.johannesen[at]tieto.com

ICA Banken began its operations in 2001 and is part of the ICA Group. The main operations are located in Borås and the bank has its headquarters in Stockholm, Solna. The number of employees is more than 300. The bank has about 3.6 million customers in its customer base, of which about 660,000 use its banking services. About 600,000 customers have one of ICA Banken’s bank cards.

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 1.5 billion. Tieto’s shares are listed on Nasdaq in Helsinki and Stockholm. Please visit www.tieto.com for more information.