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Tieto signs partnership agreement with Temenos - accelerates digitalization in banking sector

10 December 2015

Tieto has signed a service partner agreement with Temenos, a market leading banking software provider, for delivering core banking solutions to the Nordic and Baltic regions. The partnership brings together Tieto´s knowledge and experience in providing digitalization services and solutions for the banking sector with the standardized and global best practice processes offered by Temenos.

The T24 Model Bank solution for core banking combined with Tieto´s industry expertise and local presence will enable banks to simplify their operations and act rapidly on customer needs.

Digitalization has been a top priority for banks for many years with investments primarily targeting the front-end. The banks are now starting to invest more into core banking transformation to achieve the next level of customer experience and digitalization.

- We are pleased to announce the partnership with Temenos. It complements Tieto´s current offering and further strengthens our ability to provide the full value chain for our customers, enabling them to focus on their core business and become more competitive, says Vahid Zohali, Vice President, Banking sector at Tieto.

- We have seen enormous momentum in the Nordic market and partnering with Tieto as a local partner for this region is a natural step in securing our footprint in the Nordics and Baltics. By combining Tieto´s capabilities and extensive experience with our global leading software, we will further strengthen our Model Bank offering for the market, says Steen Jensen, Head of Northern Europe at Temenos.

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

Kiran Farooque, Burson Marsteller for Temenos
phone: +44 207 300 6181, e-mail: kiran.farooque[at]bm.com

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

Temenos Group AG (SIX:TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, they enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications

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