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Tieto provides card services to Marginalen Bank

12 December 2016

Tieto has signed an agreement with Marginalen Bank to provide PCI DSS certified endto-end card services. The card solution will be provided as a service using cloudenabled 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.

For further information, please contact:
Vahid Zohali, Vice President Financial Sector, Tieto Sweden AB phone: + 46 73 725 22 00, e-mail: vahid.zohali@tieto.com
Bo Andersson, CIO Marginalen Bank phone: +46 70 615 38 65, e-mail: bo.andersson@marginalen.se

About Marginalen Bank
Marginalen Bank has been a Swedish bank since 2010, with a clear business goal of offering transparent, flexible and competitive banking services that simplify the everyday life for private and business customers. The bank has over 300 000 customers and about 300 employees in Sweden. www.marginalen.se

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. www.tieto.com

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