Tieto moves ICS into the finance cloud

Demand for industry-specific cloud solutions is growing in Europe

Tieto has signed a new agreement with International Card Services (ICS), the largest credit card issuing business in the Netherlands, to deliver an end-to-end industry-specific cloud-based IT solution. The new, private cloud solution is developed with focus on the financial industry, meeting the high security and regulatory demands of businesses.

The solution includes tools and applications for handling payments, transactions and analysis of customer data provided as a pay per use model. This gives ICS a scalable and cost-efficient end-to-end solution, compliant to the regulatory requirements (PCI DSS) of the financial industry. This means that ICS can scale-up its usage during peak times and utilise their resources more efficiently.

- The key deciding factors for us was Tieto´s unique cloud solution, tailored to the needs and demands of the industry in combination with Tieto´s highly secured datacentres in the Nordics. The solution will make ICS more cost-efficient and give us the ability to respond faster to changing customer needs says Nico Lodewijk, Chief Operating Officer at ICS.

Tieto and ICS have worked together within the card business area since the year 2000. The new solution (Tieto Compliance Cloud - TiCC) is part of Tieto’s private finance cloud offering, which is tailored to the needs of the financial industry. By utilising the cloud, ICS can reduce capital expenditure by not having to maintain its own servers and IT infrastructure. This will also streamline their business processes, as all IT applications and systems are delivered by a single provider.

- We see that demand for industry-specific cloud solutions is growing within the financial sector in Europe. This helps companies focus on their core business and reallocate resources towards innovation and development. It also promotes “green IT” by eliminating the need for over-capacity and reducing energy consumption says Vahid Zohali, Vice President, Banking Sector, Tieto.

  For further information, please contact:

Vahid Zohali, Vice President Banking Sector, Tieto Sweden AB
phone: + 46 (0) 73 725 22 00, e-mail: vahid.zohali[at]tieto.com

Thomas Bergström, Customer Executive, Tieto Sweden AB,
phone: +46 (0)709 790 822, e-mail: thomas.bergstrom[at]tieto.com

Nico Lodewijk Chief Operating Officer, ICS
phone: +31(0) 20 660 05 93, email: nlodewijk[at]icscards.nl

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 our 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

International Card Services BV (ICS) is the leading credit card specialist and largest credit card provider in The Netherlands. ICS has more than 25 years of experience in issuing, promoting, managing and processing Visa and MasterCard transactions. The credit cards issued by ICS are the most accepted cards worldwide with millions of acceptance locations around the world in every currency. There are currently 3.5 million customers in the Benelux who use a credit card issued by ICS. ICS is an independent subsidiary of ABN AMRO Bank (Netherlands) NV and has offices in The Netherlands and Germany. www.icscards.nl 

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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

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