Marginalen Bank selects Tieto for PCI DSS certified end-to-end card services

Marginalen Bank selects Tieto for PCI DSS certified end-to-end card services
12.12.2016 11:00 am

Marginalen Bank selects Tieto for PCI DSS certified end-to-end card services

Banking , Core Banking

Tieto has signed an agreement with Marginalen Bank to provide PCI DSS certified end-to-end card services. 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, says 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.

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, says Vahid Zohali, Vice President, Financial Services, Tieto.

Related News

Tinkoff Wins The World's Best Digital Banks 2020 Awards in Five Nominations

Tinkoff has been recognized for its consumer banking, online treasury services and open banking APIs with the 2020 World’s Best Digital Banks awards by Global... Read more »

first direct Selects Mastercard as Partner for Debit Cards

first direct has selected Mastercard as its partner for its debit card portfolio. Customers will begin to receive cards from the end of this year, as part of a... Read more »

Mastercard and Pollinate Announce Global Commercial Partnership

Mastercard and Pollinate, the software business that is reinventing merchant acquiring for banks, have agreed to a strategic partnership that... Read more »

Avaloq Creates New Global Business Consulting Function to Complement Its Client Offering

Alain Gloden has been appointed as Global Head of Business Consulting to lead the company’s newly launched service. He is based in Zurich and reports to Paco Hauser, Avaloq... Read more »

Standard Chartered and Airtel Africa Partner to Drive Financial Inclusion Across Africa

Standard Chartered Bank (www.SC.com) and Airtel Africa have today... Read more »

Temenos Named a Visionary in Gartner’s 2020 Magic Quadrant for Multiexperience Development Platforms

Temenos (SIX: TEMN), the banking software company, announced it has been named a Visionary in ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel