Tieto's Nordic fund solution adopted by Storebrand
Tieto Corporation PRESS RELEASE 28 June 2012 at 1.00 pm EET
Storebrand, a leading Norwegian name in savings and insurance, has switched to a complete Tieto solution to handle its fund management. Tailored to the whole Nordic market, the solution will help to cut costs and bring commercial benefits.
Tieto's fund solution will make it easier to expand and operate across the Nordic region. Storebrand's Swedish subsidiary, SPP Fonder, converted to Tieto's fund solution four years ago, and now the whole of Storebrand is implementing the new web-based fund system as its fund shareholder system for the Nordic region. Since the platform is able to handle all the Nordic countries, there is no need for separate solutions for the different territories, thus making it easier to enter new markets.
"We chose Tieto because their fund solution offers lower costs and brings us new opportunities and competitive advantages in the Nordic market. One major benefit is the way the system improves our ability to communicate directly with our end clients. We have every confidence in the platform and are pleased to have found a fund solution that works in all the Nordic countries," comments Harald Saksvik, Team Leader for Tieto's solution at Storebrand.
Storebrand already uses several of Tieto's solutions, including for fund insurance placement and securities trading. As collaboration in the fund business increases, Storebrand has decided to migrate all its fund shareholders to Tieto's platform.
"We're incredibly proud that Storebrand has chosen Tieto's fund solution, which gives Storebrand the potential to reach new markets," says Maria Kumle, Principal Business Consultant at Tieto. "The Norwegian market is in an exciting period of development, and Tieto is in dialogue with several Norwegian investment companies. Our fund solution is tailored to the specific needs of the market, and since we offer the solution as a service, the switch for new clients is smooth and painless."
For more information, please contact:
Karin Widlund, Marketing Manager, Capital Markets, Tieto, Mobile: +46 72 2237916
Maria Kumle, Principal Business Consultant, Tieto, Mobile: +47 916 30588
Harald Saksvik, Team Leader Tieto's fund solution, Storebrand, Tel: +47 95172 355
Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform create tangible business benefits for our local and global customers. As a trusted transformation partner, we are close to our customers and understand their unique needs. With about 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com
The Storebrand Group is a leading player in the market for long-term savings and insurance. The Group's business comprises life and health insurance, asset management and banking, creating a complete product portfolio for private individuals, companies, municipalities and public organisations. Storebrand serves a total of 1.6 million customers in Norway and Sweden, helping them to make the best financial choices based on their specific needs and circumstances.