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MedMera Bank chooses Tieto’s SaaS lending platform to gain competitiveness and enhance customer services.

06 November 2019

Collaborating since 2013, the Swedish bank and Tieto have extended their Software-as-a-Service (SaaS) agreement for another three years.

"Based on the foreseen expansion in the loan and savings area it is crucial for MedMera Bank to select long-term partners allowing us to concentrate on what we do best and at the same time utilize partners doing what they do best. Tieto has been delivering a ledger system component to MedMera Bank for several years and the partnership has now been taken to a new level with this SaaS agreement,” says Manfred Krieger, CEO of MedMera Bank.

Tieto’s scalable SaaS platform will enable MedMera Bank to build new services and find new business opportunities. The reliability of the platform built on the latest technology will also increase its competitiveness.

“Partnering with a company like Tieto which has a broad portfolio of ledger systems is a very good match with MedMera Bank’s overall strategy. We gain access to a system that is continuously improved based on ours and other companies' end customers’ needs. The business model gives us the opportunity to focus on other processes that are closer to the end customer and can give us higher competitive advantage,” says Manfred Krieger.

“We are proud that MedMera Bank has selected our cloud-native cLA platform for credit administration. This cloud transformation project will provide MedMera Bank with a modern credit ledger and all the benefits that a modern SaaS platform brings. I hope that our platform will help improve customer retention and increase loyalty for the bank,” says Olof Dedering, Vice President, Credit Solutions and Services at Tieto.

 

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From left to right: Kenneth Nybohm, CFO at MedMera Bank, Manfred Krieger, CEO at MedMera Bank, Olof Dedering, Vice President, Credit Solutions and Services at Tieto, and Per Höglin, Manager Loan Administration at Tieto.

About MedMera Bank

Since 2007, MedMera Bank has been offering banking services under the supervision of the Swedish financial supervision authority. MedMera Bank is a wholly owned subsidiary of Kooperativa Förbundet (KF) and offers savings accounts, private loans and payment services. Coop's 3.5 million members have special offers linked to these products. Read more

About Tieto

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. Read more

Contact

For any questions, please contact:

Olof Dedering, Vice President, Credit Solutions and Services at Tieto, olof.dedering(at)tieto.com

Kenneth Nybohm, CFO, MedMera Bank, Kenneth.Nybohm(at)coop.se

Contact

Olof Dedering

Vice President, Credit Solutions and Services

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